A $1,000 dogecoin purchase on Jan. 1, 2021 at a price of less than a cent per coin would be worth $121,052 at Wednesday's high of 69 cents, a gain of more than 12,000% according to CNBC . If the price breaks the resistance, we could see price movement upwards. Dogecoin has witnessed wild swings in the past over Musks tweets and announcements. All rights reserved. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. On a per capita basis, there were 14.6 gun deaths per 100,000 people in 2021 - the highest rate since the early 1990s, but still well below the peak of 16.3 gun deaths per 100,000 people in 1974. Rapper Lil Yachty has claimed he will invest a significant portion of his wealth on dogecoin. First, the coin does not (as of now) have many real-world applications. % so far in 2021. . In other words, its not just Dogecoin, its the entire crypto market. Answer (1 of 6): A 2020 TikTok campaign sought to lift dogecoin's price to $1. There are many others, and they're preposterous. Anndy Lian, book Author of "NFT: From Zero to Hero" tells Benzinga that Dogecoins price action has a history and is closely linked to Musk. Elon Musks series of tweets is one of the highest drivers of the dogecoin price increase. Here's How to Change the AI Asssistant's Voice in Your Apple Devices. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. Yes, while many publications make fun of the fact that Dogecoin is, in fact, just a meme coin, the truth is that this sort of publicity attracts more widespread attention, curiosity, and intrigue around the digital currency which leads to more investors jumping on board. Has all the attention got you wondering Should I invest in Dogecoin for outsized portfolio returns? While the price is currently in a downtrend, it is prudent to wait and see how the price will behave around this point. . Institutional (and, in turn, mainstream) adoption is cited as one major factor propelling the rise of cryptocurrencies. As the world ambassador to Dogecoin (CCC:DOGE-USD), crypto investors are at the edge of their seats, anticipating a DOGE name-drop.
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