Quote from: Silberman on February 22, 2023, 04:33:14 AM

Quote from: coinremitter on February 20, 2023, 09:44:34 AM

Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?

Does Elon really take doge to the moon?

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Share your thoughts.

There is no way for dogecoin to reach that price even if it had the support of Elon Musk, one dollar for each dogecoin is simply unthinkable and there are many reasons for this to be true, to begin with the market cap of dogecoin will need to grow at an incredibly rate, especially since you want this price to be reached before the end of this year, and such a thing is not possible when we are still so far away from the halving and by consequence the next bull run.

I remember correctly, in the bull season in 2022, the doge price was pushed to $0.7 by Elon, which means that the distance to $1 is not too far. That goal is still doable, but it all depends on Elon, if he still wants to support it and make money from it, hyping the doge in the upcoming bull season is not too difficult for Elon. Even though he doesn't have too much influence on the market but during the bull season, people will Fomo if he initiates it.