Dogecoin (DOGE) has seen immense growth in the past year, making it a top 10 cryptocurrency by market cap alongside the likes of Bitcoin and Ethereum.
What started off as a “joke”, intended to make fun of the speculation frenzy in the crypto markets, has ironically become a vehicle for that same speculation years later again.
In fact, it’s even seen support by the likes of Tesla and SpaceX CEO, Elon Musk.
No highs, no lows, only Doge
— Elon Musk (@elonmusk) February 4, 2021
For years, crypto enthusiasts have been longing for a single DOGE coin to hit parity with the dollar.
Is 2021 the year their dreams come true?
Well, time will tell.
Keep reading to find out more…
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Dogecoin price predictions for 2021
Dogecoin is considered a meme coin that has little use case, unlike some other cryptos out there.
However, as we have seen, this doesn’t seem to have had a negative impact on the price of the coin.
It just means that its price depends mostly on hype and speculation rather than some other fundamental factors.
As mentioned, DOGE has seen support from some high-status individuals including Elon Musk and even the founder of Ethereum, Vitalik Buterin himself.
In fact, it was recently announced that Vitalik would become an advisor for the project, to help maneuver the coin forward.
Developments like this can definitely help to push up the price of the coin to the much-desired $1 value.
Others on social media are much more optimistic…
a good friend I met in Dubai is calling for $doge target at $3, I tend to believe him
— Bitbit (3,3) (🦉,🦉) (@BitBitCrypto) October 20, 2021
$DOGE to $3
— $DOGE TO $3 🌊🌊🌊 (69 IQ) (@cryptunez) October 20, 2021
It’s safe to say there are a lot of opportunities in the cryptocurrency space but nothing is guaranteed. Remember to only invest what you can afford to lose.
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