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Can Dogecoin Reach $1? Yes, but Only if This Happens

TheMotleyFool

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Can Dogecoin Reach $1? Yes, but Only if This Happens: https://g.foolcdn.com/editorial/images/770381/shiba-inu-dog.jpg

In the spring of 2021, meme-stock mania had taken over not only stocks, but the crypto market as well. Dogecoin's (CRYPTO: DOGE) price was going bonkers.

Today, it's the spring of 2024. The dog-themed cryptocurrency sits 74% below its all-time high (as of Monday, March 25), as investor interest has cooled off dramatically. But some of Dogecoin's strongest supporters are hoping that it can not only get back to its previous high-water mark, but exceed it and reach that coveted $1 per coin.

Can Dogecoin achieve this? Yes, it can, but only if one important thing happens.

Source Fool.com

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