#DogeCoinTo1Dollar trends on Twitter as Doge keeps pumping
Is #DogeCoinTo1Dollar becoming a reality?
#DogeCointo1Dollar trends on Twitter as the meme cryptocurrency keeps pumping.
At present, it is trading just above 33 cents and is up more than 100% in the last one month. The recent Bitcoin rally has fired up Doge again, and it is seeing double-digit gains very frequently.
Even Elon Musk recently replied and agreed to CNBC’s tweet where they said that Mark Cuban believes Dogecoin is the strongest cryptocurrency.
But even after all this, is it really practical to assume that Dogecoin could hit 1 dollar? Well, let’s see!
#DogeCoinTo1Dollar becoming a reality?
Dogecoin has one of the strongest communities, no doubt. But does the community have the strength to push it past $1? I highly doubt that. Twitter has just started to warm up; very soon we are going to see more enthusiasm regarding the cryptocurrency. The only way Dogecoin could reach $1 is if Bitcoin continues its rally and we stay in the bull cycle. At present, BTC is above $47k, which is a great sign, but at the same time, it got rejected twice at $48k. So, maybe Dogecoin could hit $1 if we see BTC hitting $75k-$80k. Still, there is a strong chance of rejection at that price.
People are really optimistic on Twitter
It seems that suddenly the entire community woke up from their sleep as Dogecoin started to show signs of retreat to higher levels. Let’s check out a few of the tweets that I personally liked and shows the optimism of the community.
The guy who invested in Doge and became a millionaire is also tweeting that Dogecoin is going to 1 dollar.
On the final note, I would like to add that everyone who is tweeting these positive things is already invested in Doge. So, if you are planning to buy Doge, don’t just go with the hype. Do your own research and make sure you are ready for a bumpy ride and are willing to take losses if necessary.
Now let me know if you think that dogecoin has the potential to reach $1. And how long could it take for the meme currency to accomplish that feat?
Also, if you found our content informative, do like and share it with your friends.
Dogecoin Fans Make ‘DogeCoinTo1Dollar’ Trend As Price Spikes Following Coinbase Pro Listing
#DogeCoinTo1Dollar was trending on Twitter on Wednesday as fans of Dogecoin hoped to see its value rise to $1, after its price recovered following a recent crash that hit much of the cryptocurrency market.
According to Twitter, #DogeCoinTo1Dollar was trending in the U.S.
after over 18,500 tweets with the hashtag were posted.
Others stated that they had no plans to sell their Dogecoin, in what is nicknamed “hodling” in crypto slang.
The Dogecoin fans’ push came as its price spiked 5 percent after Coinbase announced that it would support it on its Pro service. As of around 8:00 a.m. ET, Dogecoin was up 31.14 percent in the past 24 hours to $0.42, according to CoinDesk.
This comes after Dogecoin fell to $0.28 on May 23 as the cryptocurrency market suffered a dip.
A tweet by Dogecoin fan and Tesla and SpaceX CEO Elon Musk may have also contributed to the spike.
He responded to a tweet about the Coinbase Pro listing with a Dogecoin meme.
Experts have previously told Newsweek that investing in cryptocurrency is highly risky due to its volatility.
This is not the first time that Dogecoin fans have willed its price to rise. Ahead of this year’s 4/20 “Weed Day” celebrations, fans got #DogeDay trending as part of a similar push.
One Reddit user wrote at the time: “$1 is inevitable, and we can take a pit stop at the moon, sure, but our lord and savior doge ought not be limited by such small goals.”
Dogecoin is yet to surpass its all-time high of $0.72, which it hit in early May. But Dogecoin investors remain hopeful.
Dogecoin investor Jaysn Prolifiq, legally known as Glauber Contessoto, is among those who think the coin has potential. In April, he told Newsweek how the value of the Dogecoin he was holding had hit nearly $2 million. At the time, he said he planned to hold his investment for at least a year to avoid paying short-term capital gains tax.
Back in mid-April, Dogecoin creator and co-founder Billy Markus told Newsweek it was possible that it could hit $1.
He said at the time: “It’s an open market, so the current value is simply decided by whatever someone is willing to pay for it at a specific point in time.”
Markus went on: “If the world collectively decides they are willing to purchase it for a dollar, then it’s worth a dollar. In the world of cryptocurrency valuations, I would say, historically the question is less about ‘why?’ and more about ‘why not?'”
Fans of the cryptocurrency, which was started as a joke in 2013, flooded Twitter with memes of the Shiba Inu dog, which the coin is inspired by, and posts that it will reach the moon—a popular mantra among Dogecoin fans about how high they envision its price going.
Dogecoin Price Captures 24 Hour Double-Digit Gains Following Social Media Hype
The notorious dogecoin has been moving northbound in value once again climbing more than 17% during the last 24 hours and 32% over the course of the week. Currently, across social media platforms like Twitter, Tiktok, and Facebook, the hashtag #dogecointo1dollar has been trending. Meanwhile, a number of other meme-based digital assets that leverage the Shiba Inu dog breed as a name or logo have also seen significant jumps in value.
Dogecoin Spike 17% This Weekend, Supporters Blast the Brand Across Social Media
When programmers Billy Markus and Jackson Palmer launched the Dogecoin (DOGE) network on December 6, 2013, they never expected the meme-based crypto-asset would grow so wildly.
In fact, the Shiba Inu dog-inspired cryptocurrency crafted over 7 years and 8 months ago as a joke, is now a $44.42 billion economy.
On Sunday, August 15, Dogecoin supporters have been rallying on Tiktok, Twitter, and Facebook with the hashtag #dogecointo1dollar.
At the time of writing, the hashtag trend on Twitter has thousands of tweets mentioning it.