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.
Because someone just talked something about dogecoin and it got blew up in terms of price. But what happened after that? The price was sinking down just like normal before the hype was even happened in the first place. I don't think Dogecoin would ever reach $1 even if other influencers talked about this coin, it won't work anymore in my opinion.
With a veritable mountain of support behind Dogecoin, enthusiasts and holders believe it could hit $1 per token.
So does other coins then. They have lot of supporters and enthusiasts but most of them gives zero impact at all for the price.