Will Dogecoin Ever Reach $100?

[Legion]

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

I looked for information, it seems that Elon Musk only said that Dogecoin should be able to be used as a payment for making transactions for Tesla products in the form of cars someday, but from that statement it was not stated when that could happen. But for merchandise purchases they have been accepting payments using Dogecoin since January 2022.

If Doge can be used to pay Tesla, this will have a very good effect on the price of Doge. but we also have to think about how many people will buy an expensive car like a Tesla. This must also be used as material for analysis. because we see that Doge still seems to be struggling and has not shown greater potential this year.

For Dogecoin price movements, this will look good, but for Elon Musk who has this product when receiving Dogecoin payments, he must be prepared for the risk that when making transactions using Dogecoin the price collapses and will only make him lose, so he must accept that risk.

[enwi]

For Dogecoin price movements, this will look good, but for Elon Musk who has this product when receiving Dogecoin payments, he must be prepared for the risk that when making transactions using Dogecoin the price collapses and will only make him lose, so he must accept that risk.

Your explanation is quite reasonable, maybe Elon Musk is afraid of losing large amounts of money, but for now we can buy accessories owned by Tesla by making payments using dogecoin.