Will Dogecoin break $1 in the future? In my opinion, the answer to this question depends on the market's reaction after Trump takes office.
Back in 2021, Dogecoin became a focal point, with many seasoned investors making their first pot of gold from it, but many others also suffered losses because of it. In fact, the price trend of Dogecoin is not only determined by market fluctuations; external factors, community culture, and the project's infrastructure are equally crucial. In the future, there is a possibility that Dogecoin could break $1 or even higher.
Firstly, Elon Musk's support is vital for Dogecoin. If Dogecoin can become one of the payment options for Tesla, it has the chance to transition from online payments to offline applications, driving up its value.
In the long term, for Dogecoin to grow steadily like XRP, it needs a stronger cultural foundation and technological development to attract more long-term investors.
In the short term, we are watching whether Dogecoin can stabilize at the key position of $0.4. If it breaks $0.7 and maintains that level, the chances of breaking $1 will increase, and the market may enter a frenzied FOMO phase.
Overall, the potential of Dogecoin is immense, but the long-term development of the market, community, and project is key to determining its future. If you like contracts, enjoy researching market trends, and studying technology, click on my avatar. I have years of experience and tips in the crypto space to share for free. I’m waiting for you in the community, always online, welcome to discuss and improve together.