Is Dogecoin really going to 1 cent?

When Dogecoin hit a penny on Saturday, thousands of investors and those interested in this type of currency took their excitement to Twitter, saying it’s on the right track to reach $1 in the future. This is no longer a meme #dogecoin is really going to 1 cent! I know I called it , but I still can’t believe it!

Is there a cap for Dogecoin?

Dogecoin, on the other hand, currently has no such cap. Marcus, the dogecoin creator, said recently on twitter that the infinite supply was unintended. He said the main consideration in creating dogecoin was making a crypto that enabled faster transactions.

What happened to Dogecoin?

Your Top 8 Questions Answered Dogecoin prices dropped by more than one third over the weekend after Tesla CEO Elon Musk, one of the cryptocurrency’s most dogged proponents, called it a “hustle” while hosting SNL on May 8. As of Monday, May 10, the canine-themed virtual coin was trading at just below 50 cents.

Is Dogecoin the world's most fun currency?

"Unlike many other cryptocurrency projects, dogecoin does not seek, or even pretend, to be anything more than the world's most fun currency," is how Alex Thorn, head of research at TSX-listed investment management investment firm Galaxy Digital, described it in a research report last week. What does it have to do with Elon Musk?