Can Dogecoin (DOGE) Explode to $1? This famous businessman thinks

TL; DR

Dogecoin has increased volatility with predictions including Twitter user AngeloBTC saying it could reach $1. Memecoin is up 6% in 24 hours and over 8% weekly. Dogecoin's continued popularity is due in part to Elon Musk, CEO of Tesla, and interest in other memecoins such as Shiba Inu (SHIB).

The first memecoin – Dogecoin (DOGE) – is one of the most exciting digital assets for traders due to its improved volatility.

As such, several analysts have released predictions involving the coin's size, with some predicting it could reach the $1 mark.

One person who suggested that the target could be reached in the near future is X (Twitter) user AngeloBTC.

$DOGE | I owe the universe $1 billion.

Target: $1 Profit: Financial Freedom Stop: $0

— Angelo฿TC (@AngeloBTC) October 23, 2023

DOGE is up nearly 6% in the last 24 hours (per CoinGecko) and over 8% weekly.

However, this increase is a far cry from the all-time high recorded in May 2021. At the time, the asset was trading at $0.70, with some speculating that it might break above the $1 mark.

Another reason why DOGE has maintained its popularity over the years may be its association with the world's richest man – Elon Musk. The owner of X and CEO of Tesla is known as a big supporter of memecoin and often praises it on the social media platform.

In addition to Dogecoin, there are several other memecoins that have made headlines over the past several months, including rival Shiba Inu (SHIB).

Those who are willing to learn more about those properties, purposes and details can watch our dedicated video below.