DOGE Breaks $0.21 on $50M Trump-Backed Mining Push – $1 Next? 🚀🐶
Dogecoin (DOGE) has surpassed $0.21 after Thumzup Media, with backing from Donald Trump, put $50 million into DOGE mining. The company is looking to purchase DogeHash Technologies and add 2,500 active rigs, with an additional 1,000 virtual rigs ready to run; this will provide DOGE with much-needed momentum. And this raises a really big question: could DOGE finally get to $1? 🐶💥
Thumzup has stated that it expects to yield a substantial return on their DOGE mining plans. They say that with 3,500 rigs operational, theses rigs could generate $22 million a year at today's DOGE price, and over $100 million if DOGE hits $1. Supporters of DOGE have taken this as confirmation that a $1 target could be normal, but many critics of DOGE have cautioned that mining profits and DOGE's price can volatility, so this is just one possibility, rather than certain possibility. 🤔🚀
The community is split. Optimistically, there are clearly new investments, and support from its fanbase, and dogecoin has a broader infrastructure now than ever, so it is possible that the doge rally could continue on to new highs.
However, skeptically, there are many people thinking that $1 is too far too go based on so many fundamentals, as this would mean a 400% rally, and would put an enormous market cap. Depending on the household of DOGE, we could realistically expect DOGE to target something in the range of $0.35 - $0.40, but there would still be a long way to go, if DOGE ever goes even to that $1 level. Will Dogecoin defy the odds or it just going to be part of the hype? 🌓🐕
