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Even if the price of Dogecoin somehow manages to reach $1 by the end of the year, it's clear that such a movement is rooted in anything but sound judgement or underlying fundamentals.
Image source: Getty Images. Dogecoin could reach $1, but it probably won't stay there. Dogecoin's post-election rally recently stalled at $0.47, which is still way below its record high from 2021.
After a huge hype cycle, Dogecoin exploded in value before hitting $0.74 in May. By July, though, the hype cycle was over, and Dogecoin collapsed to just $0.20. If you are viewing a trading chart ...
But that didn't stop speculators from sending the token soaring in value anyway. Dogecoin still lacks real fundamentals. Dogecoin opened 2021 at a price of $0.0046, and it soared 15,769% within ...
If Dogecoin can return to all-time highs, the $100 investment today would be worth $255.40. This represents a hypothetical return of 155.4% from the current market price.
On April 15, 2021, the price of Dogecoin rose by more than 100% after Musk tweeted an image of Joan Miró's Dog Barking at the Moon painting captioned "Doge Barking at the Moon", [80] a message which was taken by some as a reference to the industry slang term "to the moon", [81] meaning a hoped-for increase in a cryptocurrency's value. [82] On ...
The price of Dogecoin has soared in 2024, ... At the end of the day, the price of Dogecoin is completely disconnected from anything tangible. Where will Dogecoin be in one year?
Dogecoin's price must double from here to hit new highs and is nearly a triple away from reaching $1 per token. ... the value of each token or dollar decreases. Dogecoin will always have this ...