Can Dogecoin Reach $1? Unpacking the Possibilities

It's been nearly three years since Dogecoin (CRYPTO: DOGE) took the cryptocurrency world by storm. Although the mania has passed, Dogecoin remains among the top 10 cryptocurrencies by total market capitalization.

For many optimists, there is a glimmer of hope that Dogecoin could recapture the spotlight and even achieve the highly coveted $1 mark, implying a 14-fold increase. Here, we'll delve into three key reasons Dogecoin's path to $1 will likely prove elusive.

1).Unlimited supply

2).Lack of utility

3). Supply and demand issues