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?
I, like many others, was very surprised when Dogecoin flew to the moon, it was something. As for the future of this coin, I fully agree that with Elon Musk, Dogecoin may have another important leap upwards, which may well make its price $ 1, and maybe even higher. However, all this can happen if the crypto market itself shows growth. If this is not the case, then there will probably be no growth. But knowing Elon Musk, the incredible can happen. It's probably very important to be a Dogecoin holder right now so you don't miss out on another great income opportunity.