DOGEš«
Analysis of Doge to reach high!!!
Market Capitalization:
For Dogecoin to reach $100, its market cap would need to surpass $14 trillion, which is a massive jump from its current valuation.
Volatility:
Doge coin's price is highly volatile and susceptible to social media trends and celebrity endorsements, making it difficult to predict long-term price movements.
Limited Utility:
Doge coin's lack of practical utility compared to other cryptocurrencies could hinder its long-term growth.
Supply:
Unlike Bitcoin, Dogecoin has no supply cap, which means the circulating supply increases over time, potentially impacting price appreciation.
Technical Analysis:
Technical indicators currently show weak momentum and resistance, suggesting that breaking the $0.25 price point will be challenging
