If you said one month ago that you were staunch in your belief that Dogecoin would reach $1, you probably would have needed to be prepared for high ridicule. At the time the price of DOGE was standing still below 7 cents after already previously seeing a giant pump from below 1 cent thanks to the support of Tesla CEO, Elon Musk.
Cut forward to now, the market cap of DOGE is now at $80 billion and incredibly finds itself above more well-established coins such as Litecoin, XRP, Polkadot, and Cardano. This means that the only coin worth more in monetary value at this moment in time are Bitcoin, Ethereum, and Binance.
With all this said Mark Cuban’s comments have gone from being laughable to probable. He recently spoke on the Ellen Show where he pushed the case for DOGE forward and his contribution to the rise of DOGE is arguably the most important outside of Elon Musks. His NBA side the Dallas Mavericks have been accepting the cryptocurrency as a form of payment for a while now and this video below displays that his support for Dogecoin is showing no signs of slowing down.
The chances of DOGE hitting $1 now are likely since we appear to be in the midst of an altcoin season that has the potential to break record after record. However, it is only sensible that we advise you not to be all in with DOGE as its climb in price is an unnatural one and there will be an inevitable pullback. When this will occur is anybody’s guess but it is always good to buy before the storm rather than during it.
