When Dogecoin lounch, Dogecoin was a common cryptocurrency But over the trailing 14-month stretch, Dogecoin has rallied approximately 5,000%. And it was up considerably more when it hit its all-time high of nearly $0.74 per coin in May 2021.
With a veritable mountain of support behind Dogecoin, enthusiasts and holders believe it could hit $1 per token.
In terms of catalysts, there's probably none bigger than having the world's richest person in your corner. Tesla CEO Elon Musk owns only three cryptocurrencies. One of those happens to be Dogecoin. Musk is no stranger to promoting Dogecoin on social media platforms like Twitter, or posting obscure memes implying that Shiba Inu dogs are "going to the moon." what do you think about dogecoin?
Doge had its run. Yes the holders think it could get to $1, but everyone and everyone bought doge. No one is going to put more big money into it. And with increasing block rewards 10k doge every minute and the market pretty bleak looking...I can see doge falling right back to 40-60 sats by the end of the year. Easily. Usd will be determined by bitcoin pricing.