I'm genuinely puzzled about this question, "Why can DOGE hit $100?" It seems to me that DOGE, as a cryptocurrency, has some unique characteristics, but to reach such a high price point seems quite improbable.
Firstly, let's consider the market capitalization of DOGE. Even if its price hits $100, would the market be able to sustain such a huge influx of capital? And then, there's the issue of utility. DOGE, unlike some other cryptocurrencies, doesn't have a clear-cut use case beyond being a speculative asset.
Moreover, the crypto market is highly volatile and unpredictable. Even the most established cryptocurrencies have seen wild price swings. So, how can we justify such a significant price surge for DOGE, which doesn't even have a strong fundamental backing?
I'm not saying it's impossible for DOGE to hit $100, but it seems to me that there's a lack of logical justification for such a prediction. Perhaps it's more of a hope or a dream for those who hold DOGE, rather than a realistic expectation. But, hey, maybe I'm missing something. What do you think?