Why Dogecoin’s Journey to $1 is Like Waiting for a Bus That Never Arrives! 🐕🚀

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Once upon a time, in the not-so-distant year of 2021, Dogecoin, that cheeky little meme coin, soared to a dizzying height of $0.7376. This remarkable feat was largely thanks to the eccentric billionaire Elon Musk, who, in a fit of whimsy, decided to shill this digital canine on X (formerly known as Twitter, or as I like to call it, the digital equivalent of a pub with no bouncers). At that moment, the market cap of this delightful doggy coin reached a staggering $80 billion. But alas, dear reader, the winds of change have blown, and the inflationary nature of Dogecoin means that reaching that market cap again won’t quite fetch the same price. 🐶💸

Dogecoin Supply Rises By 40% In 3 Years

Unlike its more serious cousin Bitcoin, Dogecoin was designed with a rather whimsical twist: its supply is infinite! Yes, you heard that right—an endless supply of DOGE tokens, just waiting to be mined like a never-ending supply of chocolate in a candy factory. This was all part of the grand joke when Dogecoin was created, and as time has marched on, the supply has continued to rise like a loaf of bread left in the oven too long. 🍞

Back in 2021, the total circulating supply of Dogecoin was a mere 108 billion when it reached its lofty $0.7376 peak. Fast forward to 2025, and the supply has ballooned to a staggering 148.83 billion DOGE, which is a 40% increase! It’s as if the Dogecoin factory has been running on overdrive, churning out tokens like there’s no tomorrow. 🚀

With this increase in supply, the market cap would need to be significantly higher to reach that same $0.7376 peak from 2021. In fact, to hit those dizzying heights again, we’re looking at a market cap of approximately $110 billion. That’s right, folks—more money than you can shake a stick at! 💰

And let’s not forget, as mentioned earlier, the DOGE supply is designed to keep increasing, which means miners are rewarded more than a dog with a bone. This means the market cap that DOGE would need to reach to relive its glory days will continue to rise like the sun on a Monday morning. 🌞

DOGE Price Hitting $1 At $148 Billion

Now, for this cycle, the big dream for Dogecoin is to hit that magical $1 mark. But so far, it has only managed to waddle halfway to $0.5 before being yanked down by the market crash, like a dog on a leash that suddenly sees a squirrel. 🐿️

This lofty expectation has been fueled by exciting developments, such as the potential launch of a Dogecoin ETF, which sounds fancy but is really just a way for people to invest in Dogecoin without having to explain to their friends why they own a coin with a Shiba Inu on it. 🐕

AI predictions are all the rage these days, and one such prediction from Grok AI suggests that Dogecoin might just hit $1 in 2026. But hold your horses! The CoinCodex algorithm, in a fit of pessimism, predicts that we won’t see that $1 until 2029, giving us another three years of low price expectations. It’s like waiting for a bus that keeps getting delayed—just when you think it’s coming, it’s not! 🚌

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2025-04-14 09:16