The meme coinDogecoinDOGE/USD is expected to appreciate considerably this year and even more further into the future according to research conducted by United Kingdom financial analysis service Finder. Investors who bought in will have ended up nursing some nasty losses. While all cryptocurrencies are volatile in nature, dogecoin has been subject to a greater deal of volatility than more mainstream tokens, including bitcoin and ethereum, buoyed on by its dual identity as a meme. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. The current price is $0.0814 per DOGE. A recent rise in the price of Bitcoin followed by a period of consolidation is prompting more retail investors to look at altcoins. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. According to an online forecasting website Wallet Investor, DOGE could double again from the $0.05 level to reach $0.10 later this month. Plus500. As the world ambassador to Dogecoin (CCC:DOGE-USD), crypto investors are at the edge of their seats, anticipating a DOGE name-drop. Dogecoin is a cryptocurrency based on the "Doge" meme, which rose to popularity in late 2013. We saw Milky Way, Snickers, Slim Jim, and others tweet support for the cryptocurrency, with the goal of sending the coin to the moon (crypto-talk for a coin that is soon going to rise significantly in price). Dogecoin's price more than doubles in a week. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. There are many others, and they're preposterous. Elon Musks Saturday Night Live episode airs this weekend, on May 8. Analysts predict huge upswing from current levels. Dogecoin Price Prediction For 2021 - Currency.com The value of dogecoin, a cryptocurrency originally invented as a joke, surged to an all time high of over 50 cents Tuesday, a landmark as enthusiastic online traders continue efforts to push the . A day after the first spike in January 2021, DOGE crashed as low as $0.0228 - wiping more than two-thirds off its value. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Courtesy of Glauber Contessoto and Rodrigo Ramos. Dogecoin spiked 400% in a week, fueling fears of a cryptocurrency bubble, Why investors may want to take dogecoin seriously, began rising in tandem with other popular digital currencies, posted a picture of their dogecoin holdings, buying $1.5 billion worth of the cryptocurrency, already view bitcoin as a speculative bubble. Bitcoin hit a record high of more than $64,000 on Thursday, while ether briefly topped $2,500 for the first time Friday morning. Similarly, Gene Simmons said he would be buying the currency. The meme portrays a Shiba Inu dog alongside nonsensical phrases in multicolored, Comic Sans-font text. He added that Dogecoin would see strong support between 0.0772 and 0.0792 levels, as data from IntoTheBlock suggests that approximately 27,000 addresses scooped up 5.89 billion DOGE tokens at these levels. Dogecoin is even more bizarre in that respect., Novogratz and other proponents of Bitcoin so-called Bitcoin Maximalists who believe that the Bitcoin network will provide everything that investors want in a digital currency in the future also point to its inherent scarcity as a characteristic supporting its value. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Dogecoin is still in the dog house after Elon Musk's 'SNL - CNN Dogecoin has witnessed wild swings in the past over Musks tweets and announcements. But that is not all. Fast forward to August 2021, and you will have to fork out a hefty $0.35 for the very same coin, where it is now ranked as the 7th most popular cryptocurrency in the world (by market cap). [+] dogecoin token--far above the mere fraction of a cent it began 2021. Dogecoin Is Holding On To Its Blistering 3,000% Price Gains - Forbes All Rights Reserved. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. ", But, Kimberley added, "when everyone is doing this, the bubble eventually has to burst and you're going to be left shortchanged if you don't get out in time. But to answer the question more aptly, we need to dive into a few specifics to see whether or not it's a viable target or just another crypto pipedream that will never come to fruition. Dogecoin price prediction for 2021: should you jump on the crypto Dogecoin (DOGE) Price, Charts, and News - Coinbase Dogecoin (DOGE) price: Meme cryptocurrency's rise sparks bubble - CNBC Doge Twitter is ablaze with hype ahead of the episode. Musk cant seem to keep Dogecoin out of his mouth, and the altcoins investors love it. Last week, in a significant move for the industry, crypto trading platform and exchange Coinbase fetched an $85 billion valuation in its stock market debut. All rights reserved. Fast forward to August 2021, and you will have to fork out a hefty $0.35 for the very same coin . The success of crypto depends on users and adoption. These public endorsements brought huge amounts of publicity to Dogecoin and gave it some much-needed validity, bringing in billions worth of new investments. Now, with dogecoin trading around 17 cents, he continues to buy the dip. Back in January, when each token was . The use of Dogecoin has evolved beyond a fun meme on social media. Like many cryptocurrencies, it has a tendency for volatile swings in price. However, its Dogecoin price prediction then puts the cryptocurrency at $0.0343 by the end of March, trending up to $0.0390 by the end of December 2021. Do not reproduce without permission. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Back in January, when each token was worth around 1 cent, Doge devotees had dreams of the coin hitting 10 cents in value. In February, after Musk tweeted Doge and Dogecoin is the peoples crypto, we saw a 50 percent surge in price. In short - yes, it is absolutely possible. Sign up for a daily update delivered to your inbox. The Rise and Rise of Dogecoin in 2021 - News18 This user, for example, is one of many bullish Dogecoin fans who believe the asset will reach the 50-cent mark before the next weekend is out. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. There is a crazy excitement [from] very young investors around meme coins and meme ideas. Dogecoin Price Predictions: Can DOGE Hit 50 Cents After SNL - Insider In 2024, dogecoin will be trading above the $0.11 mark on the higher side. In response, Musk stated in June that while he himself supports cryptocurrency, he never advised anyone to invest in the space. You Might Have To Take A Test To Trade In This Country. To be precise, it has leaped about 774 percent year to date against the US dollar. Popular memecoin Dogecoin. Even Morgan Stanley and Goldman Sachs will reportedly soon offer clients the opportunity to invest in Bitcoin and other cryptocurrencies. Musk posted a tweet last week that referenced The Dogefather and his upcoming hosting gig on Saturday Night Live May 8. Should You Invest in Dogecoin? - US News & World Report The excitement around Coinbase's debut led to a surge in the prices of bitcoin and ether. The digital currency originally based on a meme - Dogecoin - has taken the world by storm over the past twelve months. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. However, 2021 seems quite promising. DigitalCoinPrice. Other adopters include Latvian airline airBaltic, electronics retailer Newegg, and luxury resort group the Kessler Collection. But earlier this year, dogecoinskyrocketedon the back of enthusiasm from a Reddit group called SatoshiStreetBets. 5,000 percent since the start of the year, skeptical of the cryptocurrencys massive rally. Cryptocurrency markets are prone to rapid, sharp price changes, so if you decide to open a position in Dogecoin, you should be prepared for the high volatility in the price along the way even if the long-term outlook is bullish. There are several reasons why deflationary currencies like Bitcoin BTC/USD might never be used as money. The post Dogecoin Price Predictions: Can DOGE Hit 50 Cents After SNL Debut? Currently, it ranks 10th globally. So it arguably isnt in the same league as Bitcoin, and is, in turn (according to some) not a wise long-term investment. It's complicated. If You Invested $100 in Dogecoin 8 Years Ago, Here's How Much You'd Dogecoin hit its maximum price a few days ago, reaching a high price of 73 cents. Dogecoin Soars Past 70 Cents To Record High After Elon Musk - Forbes With that said, the question on many doge fanatics' lips is, "can Doge hit $1 in 2021?". Do you think #Dogecoin will reach 50 cents before May 10th ? Created in 2013, DogeCoin was the first such memecoin. He even namedSpaceX's 2022 moon missionDOGE-1. Since then, Dogecoin has dropped and been turbulent. The price of DogeCoin started ticking up over the weekend. In July DOGE almost doubled from $0.002286 to $0.004543 in the space of a few days. Secondly, DOGE holders have the Elon Musk SNL episode to look forward to. Musk has also come out as a supporter of bitcoin, with his electric car company buying $1.5 billion worth of the cryptocurrency earlier this year. For some perspective: the market cap of the second-largest cryptocurrency, Ethereum (ETH), is currently $280 billion, and the market cap of the leading cryptocurrency, Bitcoin, is hovering around $1 trillion. With services and companies including PayPal, Venmo, WeWork and Tesla now supporting more traditional cryptocurrencies, its possible some may begin to support dogecoin. Dogecoin price jumps after Mark Cuban claims it will hit $1 - New York Post Got a confidential news tip?