Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?
It won't be for long. Even if we see $1, we're going to go down hard soon. In the end we should remember that DOGE issue is constantly growing and there are many more coins.
DOGE could go all the way to $1, if Bitcoin goes on a long-lasting bullish trend. A target price of $100k per BTC should keep DOGE above the $1 threshold. It doesn't need Elon Musk to succeed. Don't get too excited about it, especially when it's a "meme coin". There are new projects out there with better features than Dogecoin.
Why would investors pour their money into a "meme coin", when they could put it all in a serious project with real use cases? Bitcoin, and Ethereum is where the money is. The crypto market is speculative by nature, so expect the unexpected. Who knows what the next big thing in crypto will be? Just my thoughts
