Dogecoin Is Pumping Again : To The MOON
Dogecoin is making a push to the Moon once again. The cryptocurrency is up more than 11 percent in mid-morning trading and has surged as much as 20 percent in the past 24 hours. While Dogecoin was trading at its high prices earlier this year it reached a market cap of almost 85 billion dollars.
A $1000 investment in Dogecoin at the start of 2021 would now be worth over 135k thousand dollars. The value was never meant to hold but pushes from everyone from Elon Musk to Mark Cuban have kept it in the spotlight and traders have decided to defy logic.
Why Dogecoin will likely reach a dollar before or early 2022
A few months ago, The Oakland Athletics organization began selling pairs of seats at RingCentral Coliseum for 100 Dogecoin. And Cuban said that the Dallas Mavericks would complete 60000 Dogecoin transactions in April, adding that it’s a crypto that people actually use versus hold. Those same enthusiasts declared April 20th DOGE Day and hope to push the crypto’s value to a dollar on that day.
That didn’t happen, but given its surge of late, the 1 dollar mark seems quite possible. And NFL legend Tom Brady just made a commercial pushing Dogecoin. Basically, five major catalysts: Robinhood wallets, AMC accepting Dogecoin, DOGE Ethereum Bridge, Tesla accepting Bitcoin and Dogecoin at the same time and Elon’s DOGE one rocket launch. Elon Musk’s tweet has also skyrocketed the valuations of Dogecoin.
Dogecoin rallied by 8.88 percent, followed by 1.51 percent gain. Then Dogecoin price ended the day at 24.16 cents. A choppy start to the day saw Dogecoin fall to an early morning intraday low of 21.21 cents before making a move. Dogecoin will rise slowly in the next few years, but it will take time to reciprocate in 2023.
By 2030 it’s estimated that Dogecoin will reach the 20 to 40 dollar
Dogecoin will be traded at an average price of a dollar, which is not much growth as compared to 2020 to the maximum price for 2024 is predicted to be 2 to 6 dollars, with a minimum price of 2 dollars and a maximum of 6 dollars. By December 2025 Dogecoin is expected to reach a value of 10 dollars max. The average trading price will be 4 to 5 dollars.
By 2030, it’s estimated that the coin will reach the 20 to 40 dollar mark easily. Coinbase assessing Dogecoin’s growth prospects, this cryptocurrency provides a wide variety of possibilities when a single Elon Musk tweet will result in a price spike of over 20 percent within a day. Consider a more focused strategy that’s more serious, though Dogecoin has never hit a dollar.
But if it continues going up like this, it will definitely hit it in the upcoming years. Traded at much less than a cent in 2013, when it launched during the last few days, with the price of Dogecoin rocking, the price has been going up considerably.