One Dollar Dreams 💰

One Dollar Dreams

If someone ever told me that a joke coin that was made from a Gen-Z meme would have one of the highest market caps in the cryptocurrency market, I would’ve called them insane, yet here we are in 2021, where crazy is the new normal. The rise in the price of Dogecoin, something that wasn’t even worth a penny before 2021, has caused ripple waves in the finance area. I’m sure you’ve seen the articles, “A 1000 Dollar Investment in Dogecoin Would Leave You With The Average Income!”, and while that is true, that isn’t the finish line for the retail investors.

As we all know, the price of 60 cents is not the end goal. It is just 40 cents off. The dream of Dogecoin hitting one dollar has been in every retail trader’s mind. Increasing an asset price by more than ten thousand percent is no easy job; heavy volume and catalysts are necessary. However, for current Dogecoin holders, the sight of it eclipsing the high of 40 cents was a sign that this was no pipe dream. Dogecoin really has the chance of reaching there, and some things could be setting it up.

The first and most obvious news would be none other than the Technoking of Tesla, Elon Musk. As we all know, he is set to host ‘Saturday Night Live’, and if there is any asset that you can make a joke about, memes like Dogecoin are an awesome place to start. After all, SNL is a comedy show, so jokes will be cracked. Along with that, celebrities are hopping on the train, which can lead to more spikes in volume. One notable celebrity that succumbed to FOMO was rapper Meek Mill, who bought 50,000 dollars’ worth of Dogecoin as he didn’t want to miss out. With how volatile the asset is, it could easily hit one dollar in one day itself. Are you going to be buying Dogecoin on Fantasy Finance?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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