Hi.. There’s been a lot of recent hype around Dogecoin, especially following Donald Trump’s win. The price action has shown some strong bullish candlesticks, likely influenced by Elon Musk’s frequent post about it even naming an upcoming government organization with the initials.
The effect of Donald Trumph’s success in US Election didn’t only affect Doge coin, it has effect in the crypto market in general because Bitcoin have massive pump after his success, and the effect helps a lot of Alton’s to start recovering as quick as possible.
Do you think it’s realistic for Doge to achieve $1 in the near future??
Yes, it is very possible because the coin have some good backings of Elon Musk, and for him been an influential person in crypto space, the hype on the project will keep growing provided he is still interested in cryptocurrency. However, Doge coin can go above $1 if Bitcoin price keeps moving upward.