Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: Rubel007 on March 21, 2024, 12:15:24 PM
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Dogecoin originated as a joke but now its position is gradually reaching higher levels. It's only a meme coin but it's not ordinary coin anymore. Coinbase has already made an announcement that they intend to add Dogecoin to futures trading. Meanwhile, Dogecoin price surged nearly 17 percent as cryptocurrency news channel Cointelegraph (https://cointelegraph.com/news/coinbase-crypto-exchange-launch-dogecoin-litecoin-bitcoin-cash-futures-april) published the news. If it goes live on after April 1, the price will go up even more.
(https://talkimg.com/images/2024/03/21/JoA9c.jpeg)
In the meantime, various types of meme coins are constantly being added to the market. Some of the meme coins have skyrocketed in price due to the hype there, but fundamentally, Dgoecoin imposes a different approach than all other meme coins. While some meme coins will be lost in the long run, dogecoins will remain alive forever. The investor must determine the best project for investment.
In the long term do you think Dogecoin can become an asset worth $10 or more?
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Dogecoin originated as a joke but now its position is gradually reaching higher levels. It's only a meme coin but it's not ordinary coin anymore. Coinbase has already made an announcement that they intend to add Dogecoin to futures trading. Meanwhile, Dogecoin price surged nearly 17 percent as cryptocurrency news channel Cointelegraph (https://cointelegraph.com/news/coinbase-crypto-exchange-launch-dogecoin-litecoin-bitcoin-cash-futures-april) published the news. If it goes live on after April 1, the price will go up even more.
(https://talkimg.com/images/2024/03/21/JoA9c.jpeg)
In the meantime, various types of meme coins are constantly being added to the market. Some of the meme coins have skyrocketed in price due to the hype there, but fundamentally, Dgoecoin imposes a different approach than all other meme coins. While some meme coins will be lost in the long run, dogecoins will remain alive forever. The investor must determine the best project for investment.
In the long term do you think Dogecoin can become an asset worth $10 or more?
Bruh I think the era of doge night be fading away. Solana memes are the real deal now. If you want to know more, check them out on Bitget memezone. Likes of SLERF, BENDOG is making waves..
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In the long term do you think Dogecoin can become an asset worth $10 or more?
It's possible, seven years ago I did not think that Doge would be hype and get the attention of the richest man on Earth but it did happen, and as long as Elon Musk backs Dogecoin it will continue to go to the moon, Dogecoin started the meme trend and we investors are more supportive of the originals more than the clones.
I expect more meme coins to be created on different chains, we are still in the meme era.
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Come one people, be more realistic. A price of $1 seems to be achievable in future, but $10 with 143,539,316,383 coins in circulation today? It is normal to dream, but leave it just as a dream. Dogecoin can not even get closer to its ATH of 73 cents, and you talk about $10. If that would be a new meme coin, and if there were little coins in circulation, there might be a chance that it will be pumper 100 times. But since this meme coin is already old, nobody believes that it might pump so high again. At least not in our life. And btw, when was the last time dogecoin even get pumped? Think about that. When was the last time it gained 30-50%? And you ask if it would get 10000%?
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- if it ever happens that 10$ per one dogecoin, that means its marketcap will be higher than Bitcoin, that is, what you are saying is vague from the truth.
So when do you think dogecoin will be 10$ each? because if you think about this bull run that we are facing, it is probably only in our dreams that it is possible to happen for sure.
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$10 is a bit too much. i'm a doge holder for a long time but i wouldn't really expect doge to go that high. the ATH was 0.75$ which i was celebrating already while elon did the live SNL show. the next day everything crumbles.
but we might just be seeing that price again if institutions file Doge ETF lol i know its too much of an april fool prank but Coinbase is launching its Doge futures market.
https://www.coindesk.com/video/dogecoin-climbs-15percent-on-the-potential-for-futures/
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- if it ever happens that 10$ per one dogecoin, that means its marketcap will be higher than Bitcoin, that is, what you are saying is vague from the truth.
That would only be possible if Bitcoin price remains stagnant which is unlikely.
Back to the question, Well in the crypto space anything can happen it might hit $10 if it survives to the next decades. Let's not forget it lacks any utility and there exist and would exist more meme coin that are well better than its current level of development. The only thing it has in it is Elon, who I think would shift to a better coin later on or create his own. So $10 is nigh impossible, doesn't mean there isn't any hope that it would. But predicting with current information and development then Imo it wouldn't be able to, even a dollar might be an hurdle.
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In the long term do you think Dogecoin can become an asset worth $10 or more?
You said "long term" and for this long term [of course we don't know when it will happen, it could be 5, 10, 15 or even 50 years into the future. Certainly that year we will not know if we are still alive or dead.
Just looking at the current condition of the DOGE coin, which is so extraordinary, it has a profit that so many supporters can make in the near future, reaching 1 USD.
For example, the current price of the DOGE coin is 0.1 - 0.2 USD and this proves that the DOGE coin can reach 10 USD in multiples of 10.
In the cryptocurrency space with a price increase of around 10x it is very easy because the DOGE coin does not have a benchmark that holds the price of the DOGE coin, maybe next year the DOGE coin can reach 1 USD.
But if you say and answer your words, if you have to reach 10 USD it might take a long time and during that time investors and traders are better off being Hodlers.
Also, need Quadrilion-Quadrilion of USD in market capacity DOGE if DOGE reaching 10 USD.
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What in an Earth must happen for old meme coin, that has been already used many times as speculative asset and pumped multiple times, would increase 50 times more. It got pumped first because it was something new on the market. Nobody would imagine that people would pay so much for air. Then it was Elon Musk who has been mentioning it in his tweets, and that pushed the price 10 times. Now many consider Elon+Twitter as a combination of a fail, he no longer mention doge (and when he did that last time, dogecoin price barely change), and rarely talk about crypto. And after all that you expect dogecoin to cost $10? I would call it a bad joke
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Doge coin have been there for a long time but the value is not increasing, because it has little demand in the market with high supply. $10 is like dreaming, because we might not live to see that happen. Elon was trying to hype doge coin, but it is like nobody got fooled this time. There are other meme coins that will do better than Doge coin in price, and will last long in the market.
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Well ......
$10 per 1 doge means the marketcap must be over $1.4T :o while the Doge current marketcap now is around $22B.
If its just based on theory, yes, it certainly can be, but in reality it's unlikely to happen - ever.
I read about this hype back in November 2023 and someone/group raised it again last February on various social media, blogs, online news, etc.
Can't blame them either, because doge prices can only go up based on hype, hype and Elon.
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Meme Coin has no use cases. But still the demand for meme coins are increasing and other good coins are not comparatively increasing. Exchanges like Binance now have a lot of meme coins. I also agree with the calculation you(@Sunderland) have shown that if the price of Doge is to be $10 then what level of market cap should it go to which is difficult to think about in the current market. But if we are talking about another 10 years from now then it will definitely not be unusual. Moreover, since it is the first meme coin, it is totally different. If there is ever an ETF offered on it or its hopes arise, this coin will definitely be recognised as a valuable coin.
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But if we are talking about another 10 years from now then it will definitely not be unusual. Moreover, since it is the first meme coin, it is totally different. If there is ever an ETF offered on it or its hopes arise, this coin will definitely be recognised as a valuable coin.
10 years or 20 years, it will not happen. :)
First meme coin? Dogecoin ETF? Don't daydream large institutions will not make an ETF out of a meme coin. You already said that the coin doesn't any use case at all so why do you think that these institutions will make an ETF out of it?
Also, take note that DOGE is inflationary and yearly, 5 Billion new DOGE coins are being mined. That would affect the price of DOGE because of the increased supply, and if the demand isn't increasing, DOGE even at 1$ would be almost impossible to happen.
In short, it will not happen. I know that everything is possible in crypto, but at least let's be realistic sometimes.
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We cannot underestimate the capacity of how Dogecoin can perform, though currently, when we look at its market cap, we can see that it is by far away from many others because of it high market volume and capitalization, and during the bullrun season, we cannot predict anything much about this same coin on how far it can went to performance, we should just only try to invest and expect the best out of it, it can rise to any extent.
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Unless you wait over 20 years and at that time the bitcoin price is $1,000,000. I'm not sure Doge to $10 is in the near future even in 10 years.
Even I am expecting to $1 in the bullish now still pretty sure with the pump and hype of other trends but we never know once Coinbase filed a futures trade for dogecoin I don't think it will have a big impact.
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It's surely Doge is the father of meme coin, this is the pioneer of meme coin.
Well, actually, if we are talking about Doge coin to reach $10, it is possible, but don't know when this will happen. This may take several many years later again.
For, if we are looking at the price of Doge right now, it is still at the rate of $0.1657
This means that it needs more than 80x increases, right?
So this will be indeed difficult to happen in recent situation. It will need certain era to create this.
https://coinmarketcap.com/currencies/dogecoin/
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10 years or 20 years, it will not happen. :)
First meme coin? Dogecoin ETF? Don't daydream large institutions will not make an ETF out of a meme coin. You already said that the coin doesn't any use case at all so why do you think that these institutions will make an ETF out of it?
Also, take note that DOGE is inflationary and yearly, 5 Billion new DOGE coins are being mined. That would affect the price of DOGE because of the increased supply, and if the demand isn't increasing, DOGE even at 1$ would be almost impossible to happen.
In short, it will not happen. I know that everything is possible in crypto, but at least let's be realistic sometimes.
I'm not sure about this, but I believe that BTC can reach $1M USD. However, it's not clear how much purchasing power $1M USD will have at that time. BTC may not increase in price, but fiat may simply depreciate against BTC. Similarly, DOGE could reach $10 USD in the future, but $10 USD may not be enough to buy food like it is today.
Currently, 1 DOGE = $0.17 USD and DOGE's market cap is ~$24B USD. If DOGE reaches $10 USD, we could see its market cap reach $1.5T USD. Of course, this is unlikely to happen in this current uptrend, but it could be possible in the future, if DOGE becomes a global currency. I'm not a dreamer, and I don't have DOGE in my portfolio, but I think DOGE is one of the tokens that has the potential to be widely used and survive in the long term.
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It's surely Doge is the father of meme coin, this is the pioneer of meme coin.
Well, actually, if we are talking about Doge coin to reach $10, it is possible, but don't know when this will happen. This may take several many years later again.
For, if we are looking at the price of Doge right now, it is still at the rate of $0.1657
This means that it needs more than 80x increases, right?
So this will be indeed difficult to happen in recent situation. It will need certain era to create this.
https://coinmarketcap.com/currencies/dogecoin/
Yes, considering the current market, it's definitely hard to think $10 per doge. Where it is trading now at only17 cents. Moreover, it's ATH was 71 cents only 1 time in 2021 since then the coin has traded below 10 cents most of the time. But it doesn't take long for anything to change in crypto. Any coin can be sky-rocketed in just 1 week interval. But if we consider the father of Meme coin, it will not be unusual even if the value of this coin reaches $10 as Elon Mask is associated with it. But the point of doubt is that Elon not only points out doge coins but also other meme coins which makes these things quite confusing for ordinary investors.
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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.
But who knows right? Many people will be millionaire if that happens.
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It is impossible to reach ten dollars, but it might take alot of time and growth in the dogecoin ecosystem to make it come through, though so many people believe dogecoin mass adoption will help it reach this level.
Thus, with the connection with Elon musk and other business like Tesla, spaceX and others could play a active role In future.
Do your proper research before INVESTING.
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: https://t*me/CryptoRoseChannel/12829
I saw from Chanel Rose that it is no longer "Father" but the more mainstream term for DOGE is "BIG DOG". Check above Telegram chanel.
It's very funny in my opinion because the Father of Meme also pronounces the Doge coin more flexibly, but for the word Big Dog I feel that pronouncing it is funny.
To reach 10 USD for 1 DOGE coin seems impossible when referring to the next one, two, three or four years.
As far as I know, the supply of DOGE coins is very large, so it takes a lot of money to reach 10 USD and it takes a long time.
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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.
But who knows right? Many people will be millionaire if that happens.
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.
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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.
But who knows right? Many people will be millionaire if that happens.
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.
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.
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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.
But who knows right? Many people will be millionaire if that happens.
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.
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.
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.
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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.
But who knows right? Many people will be millionaire if that happens.
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.
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.
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.
Dogecoin is trading in the range it is now. There was a time when we didn't think Dogecoin would come this far. So the price of Dogecoin going to $10 is a very big target but it seems unrealistic but who knows the future. Yeah if dogecoin can achieve the target of $1 then it will create a lot of hype in the market which will push for further uptrend.
We are only speculating now but it is hard to predict what will happen in the future, who knows Dogecoin may even get dumped, we have already seen top coins go to zero overnight.
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It is possible that 10 dollars per dogecoin will happen, but not in the bull run we are facing now; it is possible that it will
happen when several decades have passed. Maybe we'll think about that when it becomes $1.
Even at 1$, each dog will suffer when that happens; that's even 10$, because even at 1$, it will be necessary to build a high market capital. Although all of us here know that it will happen, no one knows when it will happen.