fbpx
QQQ
+ 7.05
312.29
+ 2.21%
DIA
+ 4.00
336.23
+ 1.18%
SPY
+ 6.32
403.85
+ 1.54%
TLT
+ 1.27
134.54
+ 0.94%
GLD
+ 1.54
169.61
+ 0.9%

Will Dogecoin Reach $1 By 2022?

April 17, 2021 10:43 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Will Dogecoin Reach $1 By 2022?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week we posed the following question to Benzinga visitors: Over the next year, will Dogecoin reach $1? 

For the uninitiated, Dogecoin (CRYPTO: DOGE) was introduced as a joke in 2013 to help raise public awareness of the capabilities of blockchain technology. 


   Subscribe Now For Free Crypto Updates Every Morning!


The cryptocurrency’s mascot, the Shiba Inu, is based on the “doge” internet meme.

Though Dogecoin was originally intended as a joke, it’s gaining momentum in 2021 thanks to its passionate online community. 

A brief history of the cryptocurrency reveals Dogecoin has been involved in a number of highly public news stories, including its successful $50,000 fundraiser to send the Jamaican Bobsled Team to the 2014 Winter Olympics after the athletes qualified but did not have the financial backing to attend.

Here are the full results from this week’s survey:

  • Yes, Dogecoin will reach $1 by 2022: 80.2%

  • No, Dogecoin will not reach $1 by 2022: 19.8%

As our team has covered throughout 2021, some of the major swings in the cryptocurrency have been fueled by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who has posted about Dogecoin and shared memes of the cryptocurrency with the Shibu Inu dog.

The “meme currency” has trended on Twitter Inc (NYSE:TWTR) throughout 2021, with #dogecoin and #dogetothemoon among trending topics.

This sentiment study was conducted as Dogecoin hit an all-time high of $0.45 Friday amid a frenzied week of trading which saw the meme cryptocurrency run higher by 650%.

As of publication time, Dogecoin is trading around $0.25.

See also: How to Buy Dogecoin (DOGE)

Historical Returns On Cryptocurrencies: It’s no secret cryptocurrencies have left the stock market in the dust in the past five years. 

Despite their extreme volatility and a boom and bust cycle in 2017 and 2018, cryptocurrency investors that bought five years ago and held on for the long-term have generated tremendous overall gains… Read More

Photo by TaurusEmerald on Wikimedia.


Related Articles

Elon Musk's Net Worth Drops $20B Since 'SNL,' Analyst Predicts Bitcoin Backtrack Will Increase Tesla Volatility

Elon Musk saw his net worth drop by over $20 billion since his May 8 appearance on SNL. read more

Coinbase To Let The Doge In: What Investors Need To Know

Coinbase Global, Inc. (NASDAQ: COIN) is finally warming up to Dogecoin (CRYPTO: DOGE), which has had a stellar run thus far this year. At one point last week, the meme currency hit a peak of 73.76 cents, a gain of about 15,600% for the year. read more

Portnoy On Dogecoin Surge Says Elon Musk Is The 'Best Market Manipulator In History Of Earth'

Barstool Sports founder Dave Portnoy lashed out at Tesla Inc (NASDAQ: TSLA) CEO Elon Musk in a tweet on Thursday evening and accused him of being a market manipulator for pumping Dogec read more

Cardano, Dogecoin Spike As Bitcoin, Ethereum Lose Momentum On Elon Musk, Binance Jolts

As Bitcoin (BTC) and Ethereum (ETH) lose the spark, Cardano (ADA) and Dogecoin (DOGE) are seeing some smart gains. What Happened: BTC traded 0.62% higher at $50,150.95 at press time. The apex cryptocurrency, by market capitalization, has fallen 10.9% over a seven-day trailing period. read more