This is what the hype takers can't understand. Even if Elon Musk tweets, changes the logo into Dogecoin of Twitter for so many times.
It won't matter or it will matter for a few times and price but it will be just temporary and that is because Dogecoin has an unlimited supply.
$1 is too much and ambitious.
It won't matter or it will matter for a few times and price but it will be just temporary and that is because Dogecoin has an unlimited supply.
$1 is too much and ambitious.
The "unlimited supply" is what kills Dogecoin's ability to be used as a store of value. No added scarcity = lower prices in the long run (subject to Fiat currencies' inflation). I think the only way Dogecoin will reach $1 is if BTC reaches a new ATH in market price. DOGE went as high as $0.70, so anything's possible. Don't expect it to retain high prices for long because of the reasons mentioned before.
I'd use Dogecoin for experimental purposes when I don't want to break the bank. It's a fun little cryptocurrency that works great for micropayments/microtipping and quick transfers. The community keeps growing each day, so it's likely Dogecoin will last a lifetime. Who knows how much 1 DOGE will be worth in the future? Just my thoughts
