Quote from: EarnOnVictor on Today at 09:31:31 AM

Quote from: Bournesparks on November 20, 2024, 05:38:51 PM

Do you think it’s realistic for Doge to achieve $1 in the near future??

Of course, it is realistic for Dogecoin to reach $1, if Bitcoin can reach the trillions of dollars mark, it means any coin can garner the needed liquidity over time, but enough patience is needed before that is possible. Now, what I want us to consider is "hope." Has Dogecoin reached that level of hope yet? Certain not. I don't think it will reach its ATH this season, and if it can't reach that level this season, how are we sure it will reach it in the next season, especially when more coins/tokens would have been injected into the market to reduce the liquidity flow to existing ones. I can only favour a progressive coin if the ATH is breached higher, then we can talk about the "hope" of reaching the $1 mark.

With Elon Musk making D.O.G.E a government place, we can safely assume that it is going to get a lot more hype and the price could go up too. What we need is a bullish market though, and I think that will happen with time we just need to focus on what could be changing eventually as well.

I do not think that we could see that changing all that easily because right now we are not at greenish markets, we have seen a bit of correction so we need to wait for it to change, after it starts to go back up we could see that between bull market and this new government agency, we could see price of Doge reaching 1 dollar, shouldn't really be a problem and we could make much better approach to this, could be making some money from it.