Will Dogecoin break through $1 in the future? In my opinion, the answer to this question still depends on how the market reacts after Trump takes office.
Looking back to 2021, Dogecoin once became the focus, and many seasoned investors made their first pot of gold from it, but many others also lost money 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 equally crucial. In the future, there is potential for Dogecoin to break through $1 or even higher.
Firstly, Musk's support is critical for Dogecoin. If Dogecoin can become one of the payment options for Tesla, it has the opportunity to move from online payments to offline applications, driving up its value.
In the long run, for Dogecoin to achieve stable growth like XRP, it needs a stronger cultural foundation and technological development to attract more long-term investors.
In the short term, we are concerned about whether Dogecoin can stabilize at the crucial level of $0.4. If it breaks through $0.7 and maintains that level, the chance of breaking through $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 key to determining its future.
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