I absolutely agree with your conclusion that Dogecoin's chances of hitting $1 are minimal. Dogecoin's excitement appears to be driven more by social media memes and celebrity endorsements than by any real-world use or value proposition. The distribution of the coin is also a source of worry, as a big portion is controlled by a tiny number of people, making it prone to manipulation. While Dogecoin did hit ATH a few years ago, it was fleeting and unsustainable. A meme-based cryptocurrency with no genuine purpose or innovation is difficult to envisage as having actual long-term worth.
quite a lot of people are expecting the price of dogecoin to reach $1 because the ATH is almost $1. however, I think the price of $1 for dogecoin is a very hard thing to come to terms with. however, the allocation of this coin alone is overwhelming. In fact, if the price of Dogecoin does reach $1, it may be due to the same manipulation as before and it won't last as long as Doge did reach ATH a few years ago.