Bitcoin
Bitcoin$50 063.42

-12.01%

Ethereum
Ethereum$3 832.00

-10.84%

Binance Coin
Binance Coin$604.27

-9.38%

Tether
Tether$1.00

0.04%

Dogecoin
Dogecoin$0.410791

-17.84%

Cardano
Cardano$1.66

-5.69%

Price predictions

Dogecoin at $0.44 embraces literal moon


20 Apr 2021   #Dogecoin

Bitcoin (BTC) may be flagging, but one cryptocurrency could not be less fazed by the market downturn, hitting new all-time highs. Dogecoin (DOGE), the altcoin based on a Shiba Inu meme, passed $0.40 for the first time on April 19, capping weekly gains of 400%. The rags-to-riches moves by DOGE throughout 2021 have wowed pundits and left former bagholders weeping. Now, it appears that even a flash bear market cannot stop its moonshot.

Just seven days ago, DOGE/USD traded at $0.07. As Cointelegraph reported, year-to-date gains are now in excess of 7,500%, while the pair is up almost 18,000% versus the same date in 2020. While this naturally beats the rises in Bitcoin, Ether (ETH) and others, the question now is what will happen next and whether an equally spectacular reversal is on the cards. At the time of writing, DOGE/USD, meanwhile, traded at $0.36, already a considerable way below its all-time high of $0.445.

SpaceX and its “technoking” Elon Musk may have the answer. On April 22, a flight is due to launch that Musk previously hinted would “put a literal Dogecoin on the literal moon.” Since his April Fool’s Day tweet, Dogecoin has seen engagement like never before, dwarfing even that which accompanied Musk’s earlier endorsements. Besides the hashtag “#DogeDay” trending in the United States on Twitter, data from Google Trends shows that “Doge” is in the process of being Googled more than ever. However, other social media metrics are suggesting that the craze may already fading on social media.

#source

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.