I think $1 is a reasonable target if we buy doge now.
If Dogecoin price can cross its ATH in Q4 of this year, it is possible to reach $1. But I doubt it if it is still below $0,5. Honestly, I'm quite doubtful with Dogecoin because the current price is still very far from its ATH. It even can reach a half of its ATH ($0,7). In the middle of this year, it should be a half of the ATH if it want to reach $1 easily.
Anyway, have you learned some predictions about Dogecoin price in the future? According to some sources, it is still interesting to see the possibility of Dogecoin price movement.
Source: coinpediaElon Musk always seeks profit in every action he takes, and this also applies in the crypto world. He will influence many people to buy doge, and I'm sure when the price is high he will already sell the doge he bought at a cheap price.
If it is about his business, he should have a goal for profits. But it is not in every tweet of Elon Musk. Sometimes he only tries to know the response of the market. Sure, many people are influenced by Elon Musk, they become Dogecoin holders because of Elon Musk. Those people must wait for another tweet of Elon Musk about Dogecoin. However, no one knows when Elon Musk to tweet about Dogecoin anymore.