Doge is known as the father of Meme Coin, is it possible for its price to be $10

[UNIVERSE]

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/

[KryptoBull]

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.

[Rubel007]

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.

[PX-Z]

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.

[FOKA33]

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.

[erus]

: 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.

[Legion]

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.

[ScamViruS]

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.

[Rubel007]

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.

[ScamViruS]

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.

[gunhell16]

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.