Crazy Forecast: Dogecoin Could Be At These Levels By The End Of 2021! - News-Credit-Mortgage-Coin

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Sunday, May 16, 2021

Crazy Forecast: Dogecoin Could Be At These Levels By The End Of 2021!

 



Dogecoin has taken a storm this year. Cryptocurrency has also come a long way "from being labeled as a meme cryptocurrency to being one of the hottest sensations in the crypto space". DOGE has seen a 6,000% increase in value this year alone and is looking to maintain its sensational form. Is this possible?

Many people believe that the Dogecoin price will reach $ 5 before the end of the year!
The cryptocurrency has increased by 47 percent last week and is the fourth most valuable cryptocurrency on the crypto ladder. Dogecoin surpassed crypto market giants such as XRP, Litecoin, Bitcoin Cash, Tether, Cardano. I guess this is nothing more than a joke… Dogecoin traded over $ 0.60 in the early stages of Thursday, increasing its market value to $ 78 billion. It's almost $ 4 billion more than Elon Musk's private company SpaceX. Dogecoin's impressive performance drove the crypto space into a frenzy as it saw an unprecedented increase in interest in cryptocurrency.



Dogecoin is currently struggling with some of the best assets in the crypto market, and many believe this hot move will push the coin to higher heights. At press time, Dogecoin was trading at $ 0.51, a 3% loss in the past 24 hours. But according to crypto expert Mr Oak, many believe cryptocurrency has what it takes to reach $ 5 and beyond before the end of the year.

The catalyst for the rise of DOGE: the manipulations with Elon Musk at the forefront!
According to the latest data, bookmakers seriously reduce the probability of DOGE reaching $ 5 before the end of the year. Because most of its investors believe that cryptocurrency will gain more value if Elon Musk uses DOGE as a payment method for Tesla cars. Other experts argue that Dogecoin's underlying technology and overall utility is "second-class" compared to Bitcoin and Ethereum.



"It seems like a complete mystery as to why Dogecoin continues to grow: a meme cryptocurrency with bad tokenomics and no development," Anthony Portno, founder of Traders of Crypto, told reporters this week. However, Dogecoin's growth has not been the result of positive developments from the project team. Instead, it relied on the manipulations that billionaire and businessman Elon Musk was at the forefront.

Crypto expert Mr Oak: Dogecoin price may continue upward trend
Social media has also made a vital contribution to Dogecoin's growth, as online forums of individual investors have fueled cryptocurrency by generating enough buzz in the crypto market. R / Dogecoin sub-Reddit, a popular internet domain for Dogecoin users and investors, promised to push the price to $ 1 at the beginning of the month and then advised Dogecoin investors not to sell their cryptocurrencies even if the price went above $ 1.






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