Benzinga conducts a survey every week to gather sentiment about what traders are most excited about, interested in or thinking about while managing and building their personal portfolios.
This week we asked Benzinga visitors the following question: Will Dogecoin reach $ 1 in the next year?
For the uninitiated, Dogecoin (CRYPTO: DOGE) was launched in 2013 as a joke to make the public aware of the capabilities of blockchain technology.
The mascot of the crypto-currency, the Shiba Inu, is based on the ‘doge’ internet meme.
Although Dogecoin was originally intended as a joke, it is gaining momentum in 2021 thanks to its passionate online community.
A brief history of the crypto-currency reveals that Dogecoin was involved in a number of extremely public news reports, including the successful $ 50,000 fundraiser to send the Jamaican bobsled team to the 2014 Winter Olympics after the athletes qualified, but not the had financial support to attend.
Here are the full results of this week’s survey:
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Yes, Dogecoin Reaches $ 20 by 2022: 80.2%
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No, Dogecoin reaches $ 1: 19.8% by 2022
As our team addressed during 2021, some of the most significant fluctuations in cryptocurrency have been fueled by Tesla Ing (NASDAQ: TSLA) CEO Elon Musk, who posted about Dogecoin and shared memes of the cryptocurrency with the Shibu Inu dog.
The “meme currency” usually tends to Twitter Inc. (NYSE: TWTR) throughout 2021, with #dogecoin and #dogetothemoon among popular topics.
This sentiment study was done when Dogecoin reached an everyday high of $ 0.45 on Friday amid a furious trading day in which the cryptocurrency rose by 650% higher.
As of the time of publication, Dogecoin is trading at around $ 0.25.
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Despite their extreme volatility and a boom in 2017 and 2018, cryptocurrency investors who bought five years ago and persisted for the long term have made huge overall profits … Read more
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