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?
Elon Musk shilling Doge Coin for the first time Doge price skyrocketed because a rich person like Elon Musk was the first to tweet about cryptocurrency and that was Bitcoin and Doge Coin. At that time everyone panicked and bought Doge and as a result many people made huge losses. So now no one panics over Elon Musk's tweets. So even tweeting about Doge doesn't pump up its price much. So now it is doubtful that Doge can go back to $1
Of course it is doubtful that doge will be able to go back to $1, as so many people hold these coins with the hope of getting rich. It's a classic. When doge was no longer needed, no one even mentioned it. But now the hype around this coin hasn't subsided for several years. I don't think there will be any more hype around this coin. Some new coin will come along, just as unexpectedly.