Will Dogecoin Ever Reach $100?

[rizqillah]

I also know it is so tuff to hit $100 Doge coin price. Even impossible. Now Doge coin price is $0.20 even few years ago Doge coin price was very low. And till now doge coin all time low price was $0.00008547 which asw 7th may 2015 and It's all time high was $0.7376 which was 8th may 2021. So from the begainig Doge coin price increased 200000%+. Because world famous rich man Elon Musk some times promoting doge coin on his X account.  So i thik it could be very fuff but not impossible i think.

Everything is possible in the crypto world, but as investors we have to think realistically by doing research and analysis. I can say it is impossible for doge to reach $100, that is impossible and too far. The current price of Doge is $0.19, if we target the $100 figure, how many years will it be realized.

[yohananaomi]

What you say about the differences between Bitcoin and Ethereum is real and there will always be obstacles, but as long as it is as profitable as Bitcoin, I think the SEC will consider it as best as possible.
As long as it can be profitable and can be properly regulated, in my view, there will be no objection.
As far as I know, the time has been determined by the SEC, which will happen in May, so we'll just have to wait and see whether it will actually be implemented or whether it will be postponed or even rejected.

The bitcoin ETF was approved, because bitcoin is already popular and has a limited supply. Meanwhile, ethereum is not as popular as bitcoin and its supply is very large. I think the SEC team is studying the proposal, maybe it can be approved so that it has a positive impact on the crypto market.

If it's about popularity, maybe both are equally good. Ethereum is the best in altcoins and there's no doubt about its existence. among two of them always go hand in hand and continue to be the best to this day. Indeed, the problem is supply that differentiates it, but there is definitely a solution that the SEC can do to be able to decide that. Remember, for the SEC, as long as it is profitable, it is difficult to oppose it.

[IvugeoEvolutionCoin]

The bitcoin ETF was approved, because bitcoin is already popular and has a limited supply. Meanwhile, ethereum is not as popular as bitcoin and its supply is very large. I think the SEC team is studying the proposal, maybe it can be approved so that it has a positive impact on the crypto market.

If it's about popularity, maybe both are equally good. Ethereum is the best in altcoins and there's no doubt about its existence. among two of them always go hand in hand and continue to be the best to this day. Indeed, the problem is supply that differentiates it, but there is definitely a solution that the SEC can do to be able to decide that. Remember, for the SEC, as long as it is profitable, it is difficult to oppose it.
[/quote]
It's true that Ethereum is very popular among altcoins, but we have to return to the topic, they are talking about Dogecoin, not Ethereum or Bitcoin. So in my opinion, Dogecoin must have further developments to increase the use of Dogecoin again, as happened last year when Elon Musk providing full support for Dogecoin is a very good development and unfortunately such price movements are only temporary.

[yohananaomi]

The bitcoin ETF was approved, because bitcoin is already popular and has a limited supply. Meanwhile, ethereum is not as popular as bitcoin and its supply is very large. I think the SEC team is studying the proposal, maybe it can be approved so that it has a positive impact on the crypto market.

If it's about popularity, maybe both are equally good. Ethereum is the best in altcoins and there's no doubt about its existence. among two of them always go hand in hand and continue to be the best to this day. Indeed, the problem is supply that differentiates it, but there is definitely a solution that the SEC can do to be able to decide that. Remember, for the SEC, as long as it is profitable, it is difficult to oppose it.

It's true that Ethereum is very popular among altcoins, but we have to return to the topic, they are talking about Dogecoin, not Ethereum or Bitcoin. So in my opinion, Dogecoin must have further developments to increase the use of Dogecoin again, as happened last year when Elon Musk providing full support for Dogecoin is a very good development and unfortunately such price movements are only temporary.

You are right, but apart from the topic, you also have to be able to adjust the questions above, not just because of the topic, it is possible that the question could be from a previous section that is related to the topic.

Doge is big because of the influence of Elon's tweet, but currently Doge can move towards 22 cents because of the influence of Bitcoin passing its ATH, but unfortunately this opportunity is not available for all altcoins to also pass ATH, including Doge.
Doge cannot be big because it moves on its own ability, whether through its community. Doge still has full hope in Elon, who until now has not heard what he will do with Doge other than payment information to X.

Note: Please pay attention to the tweet fragment so that it can be read properly.

[DAMKAR]

You are right, but apart from the topic, you also have to be able to adjust the questions above, not just because of the topic, it is possible that the question could be from a previous section that is related to the topic.

Doge is big because of the influence of Elon's tweet, but currently Doge can move towards 22 cents because of the influence of Bitcoin passing its ATH, but unfortunately this opportunity is not available for all altcoins to also pass ATH, including Doge.
Doge cannot be big because it moves on its own ability, whether through its community. Doge still has full hope in Elon, who until now has not heard what he will do with Doge other than payment information to X.

Note: Please pay attention to the tweet fragment so that it can be read properly.

You are right, because Elon Musk's tweet made doge popular and many big investors still hold doge. However, Elon Musk contributed greatly to the popularity of Dogecoin. I also agree that doge's price is currently rising due to the influence of the bitcoin price which has reached a new ATH.

[Power420]

There’s a high probability that Dogecoin will reach $1 per coin. $10 per Dogecoin is also likely within this decade. However, it’s impossible that Dogecoin will ever get to $100 per coin. Let’s explain.


Unlike other cryptocurrencies, Dogecoin doesn’t have a cap. In order to keep the network secure and operational, there’s always an incentive of 5 billion coins per year for miners. By the end of 2030, there will be 180 billion Dogecoin in circulation. If Dogecoin reaches $1 valuation per token, the total market cap of Doge would be $180 billion. It’s not that crazy high.

There are currently around 18 million Bitcoins in circulation, and it has a market cap of about $900 billion. The second-largest crypto Ethereum has a market cap of $200 billion. Similar to Dogecoin, Ethereum also doesn’t have a coin cap.

Over the years, Bitcoin and Ethereum have shown its strength and weaknesses.



Nowadays, Bitcoin is considered as an asset, an investment vehicle to grow money. Therefore, people now buy Bitcoin and hold on to it.

The transaction cost of Bitcoin is rising steadily. It’s already prohibitively high enough to be useful for daily retail transactions. Ethereum’s transaction fees are also high.

On the other hand, Dogecoin has promisingly low transaction fees. Moreover, as there are 5 billion coins per year for miners, the Dogecoin transfer fee will remain low. Furthermore, Dogecoin transfer time is 10x faster than Bitcoin.



So, there’s the tremendous growth potential for this coin. A market cap of $180 billion is not impossible. Therefore, $1 per Dogecoin is not a pipe dream. However, $100 per Dogecoin is quite unachievable. Let’s explain.

The US has a GDP of around $21 trillion, and China has approximately $15 trillion. If we sum up all the countries’ GDP, the total GDP would be $87 trillion.

Source: https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/



For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. So, for $100 per Dogecoin, the total market cap of Doge would be more than $18 trillion, greater than China’s economy and almost equal to the US economy. It’s absurd.



Many people don’t trust the US government. As treasury printing money, the government adding debt recklessly, and inflation soaring, many are dissatisfied. They want a financial system that is independent of any government control. That’s why over the years, Bitcoin and other cryptocurrencies became popular.

Still, the regular currency has superior use cases and functionality than cryptocurrency. Wider acceptance, faster and easier transfer are a few of them. Our whole economy revolves around traditional money. On the contrary, cryptocurrency is still in its infancy. Only a few people know about it, and it isn’t widely accepted. Cryptocurrency is also highly volatile.

Nevertheless, Bitcoin, Ethereum, and other cryptocurrencies have shown great potential. But still, it’s not enough to replace the US dollar.

There are hundreds of cryptocurrency. Every coin has pros and cons. Therefore, it’s tough to predict which one will become mainstream cryptocurrency. Even if single crypto becomes the world’s de facto crypto still, there’s no possibility that Dogecoin will ever become more valuable than China’s whole GDP. It doesn’t make any sense.



Therefore, Dogecoin will never reach $100 per coin. However, from our experience with Bitcoin and Ethereum, we expect that Dogecoin will reach $1 because it has far more potential than Bitcoin. Even Tesla and SpaceX CEO Elon Musk believes that Dogecoin is underestimated. Elon Musk is the founder of X.com, which later became PayPal. Therefore, he knows what he is talking about.


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Doge Coin is unlikely to ever hit $100, as its total supply is large. When this project first hit the market, it was very low priced and less popular. But the project began to pump heavily when it came into the hands of new owner Elon Mask. And getting listed on the top exchanges caused massive pumping and massive investors started investing. And it's likely to be $5 to $10 at the most.

[Primo1760]

I also know it is so tuff to hit $100 Doge coin price. Even impossible. Now Doge coin price is $0.20 even few years ago Doge coin price was very low. And till now doge coin all time low price was $0.00008547 which asw 7th may 2015 and It's all time high was $0.7376 which was 8th may 2021. So from the begainig Doge coin price increased 200000%+. Because world famous rich man Elon Musk some times promoting doge coin on his X account.  So i thik it could be very fuff but not impossible i think.

Everything is possible in the crypto world, but as investors we have to think realistically by doing research and analysis. I can say it is impossible for doge to reach $100, that is impossible and too far. The current price of Doge is $0.19, if we target the $100 figure, how many years will it be realized.

It's true that nothing is impossible in cryptocurrency, but some things are too surprising for us to accept. For example Dogecoin reaching $100 seems very surprising because reaching $100 is possible but impossible. Even then we saw Dogecoin being a meme coin, the market pumped a lot more at $0.78 which is an all time high. Dogecoin is currently trading at $0.1537. However, if Elon Musk introduced Dogecoin transactions as a payment method at his Tesla company, Dogecoin might make a good position. Moreover, this Dogecoin does not seem to form a good position. However, I think it is possible to reach $1, but it could also be during the upcoming bull market.

[dekafee79]

It's true that nothing is impossible in cryptocurrency, but some things are too surprising for us to accept. For example Dogecoin reaching $100 seems very surprising because reaching $100 is possible but impossible. Even then we saw Dogecoin being a meme coin, the market pumped a lot more at $0.78 which is an all time high. Dogecoin is currently trading at $0.1537. However, if Elon Musk introduced Dogecoin transactions as a payment method at his Tesla company, Dogecoin might make a good position. Moreover, this Dogecoin does not seem to form a good position. However, I think it is possible to reach $1, but it could also be during the upcoming bull market.

I'm also not sure if Elon Musk introducing Doge as a means of payment at Tesla will pump Doge to $100, because Doge is not Elon Musk's project. Elon only uses doge to make a profit. If Elon intends to have a digital currency that is used as a means of payment for his project, it is possible that Elon will create his own coin

[Primo1760]

It's true that nothing is impossible in cryptocurrency, but some things are too surprising for us to accept. For example Dogecoin reaching $100 seems very surprising because reaching $100 is possible but impossible. Even then we saw Dogecoin being a meme coin, the market pumped a lot more at $0.78 which is an all time high. Dogecoin is currently trading at $0.1537. However, if Elon Musk introduced Dogecoin transactions as a payment method at his Tesla company, Dogecoin might make a good position. Moreover, this Dogecoin does not seem to form a good position. However, I think it is possible to reach $1, but it could also be during the upcoming bull market.

I'm also not sure if Elon Musk introducing Doge as a means of payment at Tesla will pump Doge to $100, because Doge is not Elon Musk's project. Elon only uses doge to make a profit. If Elon intends to have a digital currency that is used as a means of payment for his project, it is possible that Elon will create his own coin

Yes it is true that Dogecoin is not Elon Musk own coin he only bought and held Dogecoin. But if Elon Musk can get deals with Dogecoin developers, maybe his company can get deals. But here I want to say Elon Musk created his own coins? Because I saw there is a coin called ElonCoin is it Elon Musk own coin? Far anyone knows the correct one but please inform me because I want to buy some of these coins and hold them.

[yohananaomi]

It's true that nothing is impossible in cryptocurrency, but some things are too surprising for us to accept. For example Dogecoin reaching $100 seems very surprising because reaching $100 is possible but impossible. Even then we saw Dogecoin being a meme coin, the market pumped a lot more at $0.78 which is an all time high. Dogecoin is currently trading at $0.1537. However, if Elon Musk introduced Dogecoin transactions as a payment method at his Tesla company, Dogecoin might make a good position. Moreover, this Dogecoin does not seem to form a good position. However, I think it is possible to reach $1, but it could also be during the upcoming bull market.

I'm also not sure if Elon Musk introducing Doge as a means of payment at Tesla will pump Doge to $100, because Doge is not Elon Musk's project. Elon only uses doge to make a profit. If Elon intends to have a digital currency that is used as a means of payment for his project, it is possible that Elon will create his own coin

As far as I know, Tesla payments using Doge have been discussed, but currently there is a rush for X to use Doge for payments. But will it have an impact? I don't think it's that easy. Besides, there will be direct intervention from Elon to Doge by buying it and developing it. Maybe it will be different. But as a business executive, he doesn't want to do it that easily because he will carefully calculate what profits he will get. I don't see any urgency for him to make his own coin, which will of course, cost a lot of money. It's better if he intervenes in a coin that is already running well and is well known.

[legend45]

As far as I know, Tesla payments using Doge have been discussed, but currently there is a rush for X to use Doge for payments. But will it have an impact? I don't think it's that easy. Besides, there will be direct intervention from Elon to Doge by buying it and developing it. Maybe it will be different. But as a business executive, he doesn't want to do it that easily because he will carefully calculate what profits he will get. I don't see any urgency for him to make his own coin, which will of course, cost a lot of money. It's better if he intervenes in a coin that is already running well and is well known.

what I heard was also like that, there was talk that Tesla would allow doge as a means of payment and also X, but I don't know whether this has an impact or not, because I see the movement of doge is still like this. I prefer doge to be a hold coin, but not in large amounts

[Freemind]

what I heard was also like that, there was talk that Tesla would allow doge as a means of payment and also X, but I don't know whether this has an impact or not, because I see the movement of doge is still like this. I prefer doge to be a hold coin, but not in large amounts

What you say about Tesla accepting Doge was in 2022, but it is not that Tesla accepts Doge to buy the brand's cars, but for merchandising. At that time, many news appeared and the market evidently noticed it, but the joy was short-lived when people understood that it was not for buying cars. I guess they can't sell Tesla cars with Doge as a payment method due to current legislation in the United States.

More information is available here: Tesla launches Dogecoin payments for merch, but there’s a catch.