Now there are very few chances that Dogecoin can reach 1$ this year or early next year. The ATH price 0.74$ was because of overhyped by Elon musk. Now he is no more going to make tweets and people are also now smart they will not follow these types of tweets anymore.
It's the point that people don't trust these types of tweet anymore. Influencer can increase the price of specific coin but it doesn't stay long time. ATH of doge was so overhyped and I think it won't be able to reach $0.5 in this current year.
What happened to Dogecoin in 2021 with a very high rise, is most likely impossible to happen again this year. So the price target of $1 is impossible
for Dogecoin to reach in 2022, even I doubt Dogecoin can return to the ATH price. Because now investors are getting smarter, they know the hype
that is happening to Dogecoin is manipulation by influencers for their own benefit. So it's not surprising that the price of Dogecoin continues
to decline, even now the price of Dogecoin has dropped about 84% from the price of ATH. Chances are your prediction is right, for this year
the price of Dogecoin will have a hard time rising to the price of $0.5. So it's not recommended to invest in Dogecoin, there are many other coins
that are much more profitable.