Post
Topic
Board Altcoin Discussion
Re: How long till we DOGE at $1
by
wiivita
on 21/11/2024, 09:13:03 UTC
Dogecoin probably won’t hit $1 , atleast thats what i think so because there's just too much of it out there ( supply) and more keeps getting added every year. It doesn’t have much real world use so most of its value comes from hype and memes. For it to hit $1, its market cap would need to skyrocket past hundreds of billion of dollars, which is pretty unrealistic given the stiff competition and lack of serious development. Add in regulatory risk and it’s more of a fun coin than one with long-term potential. People are just hoping elon to keep pumping it and everyone has a target price so people will eventually sell it other than keep if it reaches at that price point.

Personally i value coins with a use case that i think will make significant impact ..unlike memecoins!