Many aim or claim to have utility, or improve facets of the Ethereum blockchain, upon which most altcoins are built. In other words, its not just Dogecoin, its the entire crypto market. Dogecoin price surpasses 10 cents to reach an all-time high - CNN 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. In June, the price is expected to reach $0.0754225 and hit $0.0512873 on the lower side. Dogecoins market cap of $69 billion places it as the fourth most valuable cryptocurrency, behind bitcoin, ethereum and Binance Coin. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. In the shorter term as long as Elon is still the Dogecoin, we will still see more rallies before the year ends as he lays out plans for Twitter, Lian adds. DOGE reached the one-cent mark briefly at the beginning of 2021 and then shot to five cents in February. The billionaire has flirted with the idea of using Dogecoin as a payment option for a membership or paid version of Twitter. A Division of NBC Universal. The Dogecoin forecast from digitalcoinprice.com is more bullish, predicting the price will average $0.073692 in March and reach $0.081293 by the end of 2021. You Might Have To Take A Test To Trade In This Country. A year ago, the coin was trading at $0.002493 falling to $0.001582 in March 2020, according to Coindesk data. Following its launch in 2013, one Dogecoin was worth $0.0002 (that's two ten-thousandths of a cent). It has since found a growing community online. The bullish movement has pushed the market cap to $10.7 billion. One simply called Meme launched in August at $1 and now trades at over $2,000. 2023 Benzinga.com. Technologist and futurist from Thomson Reuters Joseph Raczynski concurs and expects Dogecoin to benefit from its first-mover advantage and hit 50 cents by the end of this year and reach $1 before the end of 2025. If you look into Reddit, Facebook, Twitter, and other social networks, you will see that Doge has the second-largest followings after Bitcoin. The most popular U.S. virtual currency exchange went public on Wednesday, briefly hitting a $100 billion market cap in a landmark moment for cryptocurrencies. Some argue that Dogecoin does not stack up when compared to tried and tested digital currencies like Bitcoin. Before we get started, we need to discuss the elephant in the room, Dogecoin's volatility. All jokes aside, Doge's crypto community acts as a central pillar to its success, and if it is to make it to $1 before the year is out, it will need all of its unsung community heroes to do their part online. In July 2020, the cryptocurrency jumped from 0.002286, almost doubling to $0.004543 within a few days. In just the past hour, the price grew by 0.32%. Dogecoin price predictions are heating up this week ahead of a huge weekend for the coin as well as a potentially huge weekend upcoming. And in 2021, it hit 200 sats, before correcting to approximately 100 sats," Chrysochou says. Dogecoin has witnessed wild swings in the past over Musks tweets and announcements. Want CNET to notify you of price drops and the latest stories? In early February, enticed by a friend who is an avid Redditor, I put $50.00 into the coin on Robinhood when it was at about $0.03 and was able to double my money by selling a week later at $0.07. 2023 CNET, a Red Ventures company. While Im not offering financial advice here, all things considered, the short answer is probably, yes. Positive, growing sentiment surrounding the cryptocurrency industry as a whole (in just the past few weeks, DOGE, BTC, and ETH all hit all-time highs), a community of passionate Dogecoin supporters, and plugs from tastemakers like Elon Musk all could drive the price up higher. The post Dogecoin Price Predictions: Can DOGE Hit 50 Cents After SNL Debut? 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. Benzinga does not provide investment advice. It's complicated. eToro alone has 20 million users, who can now easily buy DogeCoin through its platform. ", Sign up now: Get smarter about your money and career with our weekly newsletter, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Cryptocurrencies have experienced seismic growth in the recent past. Musk cant seem to keep Dogecoin out of his mouth, and the altcoins investors love it. But Dogecoin is unique, and being in a category all on its own, a more all-encompassing assessment requires one to look at other less-traditional influencing factors. Dogecoin Soars Past 70 Cents To Record High After Elon Musk - Forbes TradingBeasts predicts that Dogecoins price will pass $0.081 in January 2022. Aliasgar Merchant, lead developer of relations atAkash Network, a decentralized cloud platform, said the current trend reversal for Dogecoin seems sustainable, and the memecoin can easily hit the 50-centmark before the end of the year. For instance, Elon Musks tweets have significantly affected the price of dogecoin. Firstly, the coins market capitalization surpassed $50 billion today. The year 2020 was good for cryptocurrencies. Dogecoin is still in the dog house after Elon Musk's 'SNL - CNN Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. All Rights Reserved. At the end of the month, the price is expected to reach $0.0599065. pCloud Pass: the New Top-Notch Security Password Manager for All Logins [Review]. Whats more, Payments giants MasterCard is set to unveil a platform that will allow merchants to receive cryptocurrency payments. Over the years, veterans of the Doge ecosystem have been fighting its corner against trolls, critics, and FUDders alike, preaching the good word of the dog meme currency. But earlier this year, dogecoinskyrocketedon the back of enthusiasm from a Reddit group called SatoshiStreetBets. Taking a longer-term view, by 2025 Coinswitch expects Dogecoin to range between a low of $0.0281 and a high of $0.0450. Also, considering that the coin has made roughly 5,000 percent gains in the past year, its not ridiculous to assume that the coin could triple in value (or more) in due time. All rights reserved. Coinbase. Thus, whether or not Doge can make it to $1 comes down to how well the cryptocurrency industry performs from here on out. rally? Firstly, If y. Fast forward to August 2021, and you will have to fork out a hefty $0.35 for the very same coin . % so far in 2021. . The value of Dogecoin has soared by 774 per cent against the US dollar in the year to date. This allows Dogecoin holders to convert their DOGE into renDOGE and from renDOGE into DOGEO stablecoin on OpenDAOs app. If you rely on the information on this page then you do so entirely on your own risk. Meanwhile, Dogecoin Whale Alert, a Twitter account that tracks the movement of DOGE whales tweeted that 286,953,266 DOGE, worth $22,140,740 was transferred from a "Top 20 wallet" to a Binance wallet. It's not the first time dogecoin has seen a wild climb. After all, Dogecoin's two founders, Billy Markus and Jackson Palmer devised the payment system as a joke, mocking the rampant cryptocurrency speculation of the time and simultaneously satirizing the entire industry. Investors shouldexpect things to be different this time. Please contact us if you have outstanding issues. DogeCoin almost hit 70 cents: What's behind the latest surge Back in January, when each token was worth around 1 cent, Doge devotees had dreams of the coin hitting 10 cents in value. In other words, more investors are likely to continue buying dogecoin, pushing prices even higher. Built by software engineers Billy Markus and Jackson Palmer during the early Bitcoin craze and featuring a "mascot" of the then-popular meme featuring a Shiba Inu dog, the coin was originally conceived as a meta-joke about monetary value and the internet. Dogecoin Blasts Through 50 Cents Barrier To New All Time High - Forbes
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