Will Dogecoin (DOGE) inevitably reach the much-anticipated $1 mark? Crypto analyst Stephan Burns believes so, citing a combination of factors that create the “perfect storm” for DOGE. During a livestream on July 24, Burns outlined his argument, pointing to Dogecoin’s financial structure, market dynamics, and some unique astrological patterns. Despite uncertainties about the exact timeline, Burns projects that DOGE’s next significant surge could happen in the coming months.
Burns’ argument hinges on Dogecoin’s tokenomics. With a fixed issuance of 10,000 DOGE per one-minute block, or approximately 5.2 billion DOGE annually, the current inflation rate stands at about 3.3% against a circulating supply of 150 billion. According to Burns, this structure ensures miners’ incentives, compensates for lost coins, and prevents sudden “supply shocks” that Bitcoin’s four-year halving cycle can trigger.
“The beauty of Dogecoin lies in its inflation rate,” Burns stated, dubbing it a superior currency to Bitcoin due to its predictability. He contended that as Bitcoin’s issuance continues to decline, forecasted to drop below 0.5% after the 2028 halving, the network will increasingly depend on transaction fees to motivate miners.
Burns also concluded that Dogecoin’s governance is less susceptible to manipulation by large institutional or governmental entities accumulating Bitcoin. He described Dogecoin as “the people’s currency,” with its code difficult to alter, therefore limiting economic dilution.
Besides economics, Burns spent considerable time discussing “crypto astrology.” He suggested that Dogecoin’s genesis block currently falls under remarkably positive transits, including Pluto’s once-in-250-years conjunction with Dogecoin’s natal Moon, and an upcoming Jupiter return. These factors, Burns claims, typically correspond to periods of visibility, capital influx, and wealth symbolism.
He further proposed that a Dogecoin exchange-traded fund “will get approved,” bringing the cryptocurrency into the limelight. Despite the lack of concrete proof, Burns remained confident in his projection. He also noted Dogecoin’s relative stability compared to altcoins that have reverted to previous ranges, suggesting that this resilience supports his thesis.
Summing up his perspective, Burns repeated his belief in the “inevitability of Dogecoin reaching $1,” describing this as his ultimate target for the upcoming cycle. The timeline, he suggested, depends on the interplay between tokenomics-driven accumulation and the unfolding of the astrological transits he monitors.
As of the time this article was written, DOGE was trading at $0.23.
