However, the longer it takes, the harder it will be for Dogecoin to reach $1. This is due to the high supply inflation that DOGE is subject to, which impacts its price projections. Dogecoin Price Predictions – Conclusion In April 2023, when Twitter changed its logo to the DOGE logo, the price instantly shot up by more than 20%. However, once the logo was changed back to the original one, we saw the Dogecoin price drop.
Given this situation, it’s not a surprise that a lot of people are buying all sorts of crypto with the hope that they will get ten times, 20 times, 200 times, or even 1,000 times their money back. You only need to go to Uniswap to see all these tokens being launched regularly to see the excitement and hype behind crypto speculation. Why is Dogecoin shooting higher this week? If you live in New York or Washington state and can’t buy Dogecoin on a crypto exchange or you just want to invest in Dogecoin the quickest and simplest way possible, you can buy “DOGE” on Robinhood, which is one of the few platforms that offer Dogecoin trading in the U.S. (Note: the product you’re buying on Robinhood is not an actual coin that you can put in a wallet or withdraw — it’s more like an “interest” in Dogecoin that acts like a stock.)