Many friends have been asking in private messages whether Dogecoin will break the $1 mark in the future. My opinion is that the answer to this question depends on how the market reacts after Trump comes to power.
Looking back to 2021, Dogecoin once became the focus, and many early investors made their first pot of gold from it, but there were also many who suffered losses because of it. In fact, the price trend of Dogecoin is not solely determined by market fluctuations; external factors, community culture, and the project's infrastructure are also crucial. In the future, there is a possibility that Dogecoin could break $1 or even higher.
Firstly, Musk's support is vital for Dogecoin. If Dogecoin can become one of the payment options for Tesla, it has the opportunity to transition from online payments to offline applications, driving up its value.
In the long term, for Dogecoin to achieve stable growth like XRP, it needs stronger cultural accumulation and technological development to attract more long-term investors.
In the short term, we are focused on whether Dogecoin can stabilize at the key position of $0.4. If it breaks $0.7 and maintains that level, the chances of breaking $1 will increase, and the market may enter a frenzied FOMO stage.
Overall, Dogecoin has enormous potential, but the long-term development of the market, community, and project is the key to determining its future.