3 Reasons Why the Dogecoin Price Won’t Hit $1 But This New Coin Will


3 Reasons Why the Dogecoin Price Won’t Hit $1 But This New Coin Will

Dogecoin is bullish today after gaining nearly 2% in the last 24 hours. At the time of writing, DOGE was trading at $0.0877, according to CoinGecko. DOGE is also down by more than 20% in the last week.

Will DOGE reach $1 in 2022?

Dogecoin made a notable bullish rally a few weeks ago, which was at around the same time that Elon Musk completed the Twitter acquisition deal. However, the recent price crash across the entire market has wiped out these gains. In the last week, DOGE has dropped from $0.10 to the current price.

Will DOGE reach $1 in 2022

While the DOGE community is waiting for another bull run to take the meme coin’s price to $1, it is unlikely that this jump will be seen before the end of the year. The market is slowly moving on from the FTX collapse, but it will take a while before market trust is built and traders start accumulating the dip.

Moreover, the bulls and the bears are fighting for control, which could see the price of the largest meme coin consolidate at the current levels for a while. As the volatility eases, DOGE will likely remain below $0.10 before a recovery in the broader market triggers more gains.

As aforementioned, Dogecoin rallied a few weeks back following the acquisition of Twitter by Musk. At the time, there were speculations that Musk would immediately bring DOGE payments to Twitter. However, this has yet to happen. Twitter recently filed for approval with FinCEN to be a money service business. This approval could take time, and DOGE’s bullish rally will be delayed.

Why these three coins could explode

As investors grow weary over the lack of strong price action in DOGE in the past week, they are now looking for the next coins that could explode. Some of the coins to watch out for today are Dash 2 Trade, RobotEra, and Tamadoge.

Crypto traders are jumping into the Dash 2 Trade presale before the next price increase. The Dash 2 Trade presale has raised more than $6.2 million, with the third stage nearing completion, after which the price will increase. D2T is garnering much support from the crypto community because of the suite of tools and features supported by the Dash 2 Trade platform to improve decision-making.

RobotEra’s presale started last week, and early investors are already jumping in to buy TARO tokens at low prices. The TARO presale has sold more than 4 million TARO tokens so far. During the first stage, 1 TARO is priced at $0.025. The price will increase in the consecutive stages. TARO powers the RobotEra metaverse that has an exciting roadmap.

Tamadoge is a meme coin released during the third quarter of this year. The meme coin has dropped by around 1.8% to trade at $0.0249 at the time of writing. This meme coin has been attracting much attention because it offers utility, unlike other meme coins in the market. TAMA was recently listed on the Gate.io exchange.

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