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Meme Coins / Re: Doge is known as the father of Meme Coin, is it possible for its price to be $10
« on: March 28, 2024, 08:42:26 PM »I can agree with your opinion. As a lot of investment is increasing in the market, it is natural that the price of the top level coins will increase. But according to the recent market it is difficult to think about $10 but I think if the price of Dogecoin crosses $1 then others will definitely have different thoughts about the coin. Meanwhile, we see that Dogecoin price is currently at its highest level for the last several years and is increasing at a slow pace. So if it hits the $1 rather than $10 target I'm sure there will be a huge hype around this coin which is not unusual in the crypto market.As the crypto market is growing and more and more funds are being injected into the crypto market, the number of retail traders is also coming into the crypto market. So it's not even a matter of thinking that one person will pump these coins, as crypto investors will also contribute to these few uptrends. Dogecoin's $10 target seems unrealistic to me too, but never underestimate memecoin, these coins can do anything in the market and even change the market trend.It's possible only if it reaches the $1 hit mark, it barely reach there last time. So $10 is too impossible right now without any influence from popular celebrity since it's just a meme coin that was hype by elon and got the popularity it gets right now.That's right, it's impossible for Dogecoin to reach a price of $10, Elon Musk doesn't have that much money, the supply circulating in Doge coin is very large and that's what makes it impossible for the price of bitcoin to reach $10.
But who knows right? Many people will be millionaire if that happens.