Post
Topic
Board Speculation (Altcoins)
Re: Can we see a huge rise in the price of Dogecoin ?
by
jossiel
on 06/05/2023, 10:23:06 UTC
Correct. Indeed the cryptocurrency market can fulfill the most extraordinary desires. But we also have to be realistic in predicting prices by considering the supply and capitalization of these coins and the history of the coin itself. If we predict the price of bitcoin to reach $1 million, of course it is still rational even though it takes a long time, especially with limited supply, it is very possible if the price of bitcoin can reach $1 million, moreover, the price of bitcoin always prints new ATH when the halving comes.
Bitcoin having a limited supply is a big factor why it is possible to be seen in the future that it might hit $1M.

While for Dogecoin to see a huge price, it does not have that factor because it's got an unlimited supply. We have seen it fly and the same goes with other meme coins.

But we have this thought that if Bitcoin goes up, all the following altcoins including Dogecoin also goes high but, we will see it this time when the next bull run comes.