Will Dogecoin Reach $1? | Dogecoin Price Prediction🚀
Will Dogecoin reach up to $1? While it can’t be ruled out, because technically it is possible, it’s not something that we are likely to see anytime soon.
Despite a recent run of up to 8 cents, it’s not likely that we will see $1 in the near future.
Why is this? It took a very unprecedented retail investor rally in order to get to 8 cents, and while this is an extraordinary number for Dogecoin, it’s still not anywhere close to $1.
While I do feel that if the rally were to strengthen, and more investors got on board, that we could see a 10 cent Dogecoin, and maybe even 15, or 20, because you really don’t want to underestimate what retail investors are capable of doing when they join forces and rally together.
However, if we are going to continue to see brokerages that intervene in free markets like Robinhood come in and tell retail investors that they can’t purchase Dogecoin with unsettled funds, that is not a good thing. Not only does this make it harder to rally now, but it also sends a message that they will be willing to stop at nothing to keep it from rallying too high, which is a big disappointment.
If they weren’t to get in the way, I would definitely say that Dogecoin could rally up to 25, 30, maybe more cents, but it’s looking like we might not even get to see that opportunity.
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