The guy with the number $DOGE , who was once regarded as a joke online, is now incredible and thriving in the market, and no one can underestimate him.
Everyone is talking about whether he can break the big barrier of 1 dollar, with supporters and opponents arguing fiercely.
Dogecoin's journey has been nothing short of an inspirational blockbuster. From being inconspicuous at first to now soaring to 0.46 dollars, its market value has reached a staggering 60.8 billion dollars!
However, to really reach 1 dollar, it still needs to work harder, and its market value has to flip a few more times.
Why has Dogecoin become so popular?
One reason is the collective efforts of the community, and another is the viral nature of social media, with excitement skyrocketing.
Especially when the big boss Elon Musk praises or buys it, the price of Dogecoin shoots up like a rocket.
Moreover, more and more merchants are starting to accept Dogecoin as tips or for small transactions, making its practicality increasingly strong, paving a good path for Dogecoin's future.
But for Dogecoin to truly reach 1 dollar, the market maturity needs to be improved. More institutional and retail investors need to recognize it. However, Dogecoin still lacks some stability and practicality, which somewhat hinders its progress.
But Dogecoin is different from those coins with a fixed supply; it issues new coins every year. This oversupply issue is like a stone weighing down the price, making it difficult for significant increases.
The oversupply problem has always been a major challenge in Dogecoin's development. As new coins are continuously issued, it's hard for the price to surge in a short time. Unless market demand suddenly explodes, this issue is indeed difficult to resolve.
Looking ahead, every step of Dogecoin's development is worth keeping a close eye on. I look forward to it overcoming various difficulties, continuously improving market maturity, and ultimately achieving a price leap.
Recently, I plan to ambush a potential coin that is ready to explode, doubling my investment should be quite simple. At the same time, I'm also looking for some potential coins to hold until the end of the year, expecting a growth space of more than ten times is not a problem. If you want to keep up, like and leave a message for a free share.
