Dogecoin Price Prediction- Will DOGE Mania Burst Price To $1 In 2021?

What is Dogecoin (DOGE)?

Following the massive success of bitcoin, dogecoin was launched in December 2013. Within one month there were over a million visitors to the official website. It started with a price of $ 0.006. Today, the coin has made over 5000% in 2021.

Fundamental Analysis

Dogecoin is a user-friendly cryptocurrency project launched on December 06, 2013. It uses its own blockchain and is widely supported by many wallets and Exchanges. The main use case is for making payments and recently it has also been used as a tipping coin for rewarding small tokens to people during social media interactions.

Dogecoin Price Prediction 2021

On a bullish note, DOGE continued to trade at $0.007 during the start of 2021. Further, it maintained a consolidated trend until the mid of April. The altcoin traded at $0.34 when it entered May. Subsequently, Elon Musk’s appearance on the famous Comedy Show, SNL, and his tweet regarding the same coupled with the tagline ‘Dogefather’ set the price to surge by more than 15,000% from the start of the year to an all-time high of $0.74 on 8 May!

Dogecoin Price Prediction 2022

If the altcoin closes this year hitting the highs, then 2022 might start bullish at $0.99. On the other hand, if a bearish trap engulfs, then the 2022 trade might resume at a similar trend at $0.21.

5 Years Dogecoin Price Prediction

An increasing FOMO with Elon Musk towards Dogecoin may impact the price to heat up reaching a high of $7.833 in the next five years. Secondly, if DOGE could survive with a substantial growth rate in a highly competitive space in the future, the averages shall strike at $5.497.

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