Each week, Benzinga conducts a survey to gather sentiment on what merchants are most enthusiastic about, concerned with or eager about as they handle and construct their private portfolios.
This week we posed the next query to Benzinga guests: Over the following 12 months, will Dogecoin attain $1?
For the uninitiated, Dogecoin (CRYPTO: DOGE) was launched as a joke in 2013 to assist elevate public consciousness of the capabilities of blockchain know-how.
The cryptocurrency’s mascot, the Shiba Inu, is predicated on the “doge” web meme.
Although Dogecoin was initially meant as a joke, it’s gaining momentum in 2021 due to its passionate on-line group.
A quick historical past of the cryptocurrency reveals Dogecoin has been concerned in quite a few extremely public information tales, together with its profitable $50,000 fundraiser to ship the Jamaican Bobsled Workforce to the 2014 Winter Olympics after the athletes certified however didn’t have the monetary backing to attend.
Listed below are the complete outcomes from this week’s survey:
Sure, Dogecoin will attain $1 by 2022: 80.2%
No, Dogecoin won’t attain $1 by 2022: 19.8%
As our group has lined all through 2021, a number of the main swings within the cryptocurrency have been fueled by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who has posted about Dogecoin and shared memes of the cryptocurrency with the Shibu Inu canine.
This sentiment research was carried out as Dogecoin hit an all-time excessive of $0.45 Friday amid a frenzied week of buying and selling which noticed the meme cryptocurrency run larger by 650%.
As of publication time, Dogecoin is buying and selling round $0.25.
Historic Returns On Cryptocurrencies: It’s no secret cryptocurrencies have left the inventory market within the mud prior to now 5 years.
Regardless of their excessive volatility and a increase and bust cycle in 2017 and 2018, cryptocurrency buyers that purchased 5 years in the past and held on for the long-term have generated great total good points… Read More
Photograph by TaurusEmerald on Wikimedia.
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