Dogecoin’s recent rise
- The meme-based cryptocurrency became valued at $69 billion, which made it “worth more than gaming company Nintendo, car maker Mitsubishi and bank Santander,” according to Forbes.
- In recent days, Dogecoin was worth more than Honda, Twitter and Ford because of the recent surge in value.
According to Fast Company, Dogecoin has risen 5,000% in value since the beginning of 2021. It was worth $0.005 on Jan. 1, 2021.
Will Dogecoin reach $1?
- “With some luck, the coin might even stay at $1,” according to InvestorPlace.com. “With renewed interest in the Shiba-Inu-fronted coin, developers have since jumped back into its code repository, proposing crucial usability and speed improvements. Developers have pushed major changes before — DigiByte and Litecoin snippets features prominently in Dogecoin’s source code. More may be on the way.”
Will Dogecoin continue to rise?
Carol Alexander, a finance professor at the University of Sussex Business School in England, said she expects Dogecoin to keep rising, especially as celebrities such as Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban continue to talk about it.