Yes. The cryptocurrency dogecoin is currently worth $0.33. The price for a single dogecoin was once worth $0.74 and hovered around $0.40 in the last week, according to CoinDesk.com, which monitors cryptocurrency values.
His explanation is full of technical jargon about cryptocurrency. But it suggests investors are pulling out their earnings.
He said “new money” will help lift cryptocurrencies. He used the rocket emojis, which suggests that “new money” will send cryptos to the moon.
Will Dogecoin reach $1?
Jenny Ta, the founder and CEO of CoinLinked.com, said dogecoins will reach $1. She said Dogecoin will reach a market cap of $1 trillion — it’s currently about $44 billion — which would make a single dogecoin worth $7 or $8 per coin, according to Benzinga.
For a coin that’s currently worth about $0.30, that’s a huge jump.
Ta said Dogecoin wouldn’t have the opportunity to reach its high value without Bitcoin there to help.
