Dogecoin (DOGE) has been one of the hottest and most popular memecoins since the start of the crypto alt coin explosion and for good reason. The Dogecoin holders have curated an outstanding community which is almost cultlike. The name DOGE oddly enough has no purpose other than to transfer value between two parties in a decentralized manner. The true utility for the project will be increasingly valuable though in the years to come the community believes.
Recently the Dogecoin transactions have been taking off at levels that the community has not seen in quite some time. Does this mean there is something major brewing for the Dog figure token?
DOGECOIN TO $1
The entire crypto market has been at a low point since the start of the bear market early this year 2022. This has holders of all walks of life stressed, excited or maybe a little of both. The true question is what then next bullish catalyst will be to send Dogecoin to a new fresh all-time high.
Diehard Dogecoin supporters still think that the coin could hit $1.00 within the next few years. To be fair the coin did reach $0.74 per token in May of 2021 which was outstanding. Elon Musk CEO of Tesla and other Dogecoin Maxis are rooting for the $1 price point to be reached in the next up and coming years.
$1 per coin would make the market cap for Dogecoin around $130 billion which although is unlikely, anything is possible!