Can DOGE really reach $1? My painful history of entering with 50,000 coins at $0.004 + four reasons explained
Elon Musk is still shouting "DOGE must reach $1". I believed this once, and I fell for it; I still think there’s a chance.
Let me share my experience: at the end of 2020, purely for fun, I bought 50,000 DOGE at $0.004. At that time, everyone said this thing had no technology, no ecosystem, it was just an "air coin". As a result, with a tweet from Musk, DOGE skyrocketed, and my account went from a few hundred dollars to tens of thousands, peaking at $0.73—unfortunately, I didn’t sell, and at $0.6, I was trapped, a typical "retail investor mistake".
But now I still believe DOGE can reach $1, for four reasons:
First, Musk has never stopped promoting it. If Tesla really accepts DOGE payments, or if the X platform integrates a tipping feature, it could surge again in no time;
Second, Grayscale has already applied for a DOGE ETF, and the likelihood of it being approved in 2025 is very high. Once approved, a large number of retail investors will rush in, and with funds flooding in, the price will naturally rise;
Third, if Musk really establishes a "American Party" next year, DOGE, as "his coin", will definitely be driven up. Once this narrative gains traction, the hype will be unstoppable;
Fourth, the essence of Crypto is a casino, and the carnival of MEME coins will only be delayed, not absent. What people are betting on is the story, and Musk is still desperately writing DOGE's story.
Believe it or not, but this world has always been driven by those who "believe in stories".
The only thing ordinary players need to do: control their positions, don’t get overly excited, and don’t put all your money on one narrative. After all, you can gamble, but don’t gamble your life away.
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