Can Dogecoin reach $1?

If someone asks me can dogecoin reach $1? I just say “YES”. Dogecoin will definitely hit $1 someday, and once it hit that it would hit $5 very quickly since cryptocurrency is so volatile. Obviously, it would not just go up and up only, it will also show small crashes while growing to the moon. Follow this article for Dogecoin Live Updates.

Detailed Reasoning about why Dogecoin will hit $1

What actually a dogecoin is?

For those who still don’t know what dogecoin is, here is a quick para taken from Wikipedia- ‘Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.‘ If you want to go deeper in just knowing and understanding what actually a dogecoin is read on Wikipedia article.

Why people getting crazy about Dogecoin?

The first main reason would be it’s so cheap to buy, but at the same time, it is hard to buy as well because many exchanges did not list it yet. Unlike Bitcoin, Dogecoin is easy to use and understand that is why Elon tweeted– “Dogecoin is the people’s crypto”. Many people who missed the early bitcoin rally hope that it could be the next chance.

Another big reason is Elon Musk believes in this coin. Elon is tweeting and retweeting memes about Doge and Dogecoin which usually includes words like “Wow”, “much”, and “lovely”. These memes about dogecoin are usually lined with Shiba Inu dogs which makes it funny and lovable. Like Bitcoin is abbreviated as “BTC“, Dogecoin is abbreviated as “DOGE“.

Elon Musk is pumping it every waking hour now, and the world is following him like crazy. People believe in Elon and Elon’s ideas so much that any currency could rise if Elon is behind it. Other big celebrities follow Elon too so they also started talking about it on Twitter and on other platforms as well. But if you really want to enjoy this rally I would say Twitter is the best place.

When dogecoin will hit $1

It would be this year or may take a few years. Dogecoin already crossed its first hurdle it’s which is $0.50 and made an all-time high of $0.695. Dogecoin rise rally is continuing for 2-3 days. This time it rose organically without Elon musk tweeting about it. After hitting $0.80 next hurdle will be to hit 1 dollar. It’s the magic of Elon hosting SNL.

If Dogecoin hits $1 it would not take much time to hit $5 and so on. It would not be so smooth and steady but yes it would as more and more people are now loving this cryptocurrency.

How much dogecoin is there

Currently, 129.03 Billion Doge exists. While there are only 21 million Bitcoins that will ever be mined and out of which 18 million are already mined, Dogecoin has no limit. This fact will keep it at a good price and people’s currency.

Why do people are loving it

People are loving it because it’s cheap and atomic. Unlike bitcoin, we transact it as a whole, not in fractions. Calculating the amount in fractions is not people-friendly while Doge is atomic and easy to calculate the numbers.

If you have any query or any fact that you would like us to add just comment below and we would look at it if it’s worthy we would definitely add it to this article. Share it everywhere and let’s reach it to the mars next.

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