Dogecoin ‘Pump And Dump’ Cycle Could Send The Memecoin Soaring By The End Of 2021
WikiBit 2021-09-01 20:52Dogecoin, the tongue-in-cheek, meme-based cryptocurrency that exploded into the crypto top ten this year
Dogecoin, the tongue-in-cheek, meme-based cryptocurrency that exploded into the crypto top ten this year, has added 25% to its price this week (subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% gains).
The dogecoin price soared to highs of over 70 cents in an Elon Musk-fueled, fear-of-missing-out rally in May, up many thousands of percent on the same time last year, only to crash back in the following months. However, the dogecoin price found a floor at around 20 cents before beginning to climb this week.
Ahead of dogecoin's latest surge higher, a panel of cryptocurrency experts predicted the memecoin could be worth 42 cents by the end of 2021—an increase of 60% from its current level—thanks to the “pump and dump” cycle.
Sign up now for the free CryptoCodex—A free, daily newsletter for the crypto-curious. Helping you understand the world of bitcoin and crypto, every weekday
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
- Token conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00