TL;DR
Dogecoin’s jump above $0.20 has sparked speculation about its potential to reach $1 in 2024, with multiple factors being crucial for its future value movement.
Shiba Inu (SHIB) has seen a 200% increase in price over a month, raising questions about its ability to surpass Dogecoin.
What Are the Odds?
The largest meme coin – Dogecoin (DOGE) – has been on a roll lately, with its price jumping by 30% in the past week and exceeding $0.20. We asked ChatGPT whether the resurgence could continue throughout 2024 and if the $1 milestone is reachable.
The popular AI-powered chatbot did not rule out that possibility, estimating that it depends on a variety of factors, with the main one being market adoption.
“If Dogecoin continues to expand its use cases and gains wider adoption as a payment method or for other services, this could positively impact its price.”
Earlier this month, Tesla’s CEO Elon Musk revealed that the EV giant might accept DOGE as a payment method “at some
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