Everyone is talking about Dogecoin and the Reddit stock market saga recently. In this post we explain all you need to know about the Dogecoin price prediction.
Crypto Dogecoin started as a meme at first, but now it is all the rage in the market. It is a form of cryptocurrency that has become popularover time. As Reddit storms the stock market, Dogecoin has been facing an uptick as well. After incresing the value of Gamestop, it’s time to take Dogecoin to the moon.
“Dogecoin to the moon” has even become a popular phrase on Reddit. The currency is now the world’s 9th largest cryptocurrency. Jackson Palmer and Billy Markus founded Dogecoin in 2013 based on the popular meme of a dog. Already big names such as Elon Musk have been tweeting about it. It seems like Dogecoin is here to stay. The current wave is affecting other currencies as well. Not only Dogecoin but other cryptocurrencies are seeing an increase.
Currently, Dogecoin to 1$ is trending everywhere as users are struggling to drive the price forward. If it does happen it would be a historical moment. Currently, the price of cryptocurrency is $0.056. Hopefully, it will continue to increase as Dogecoin to 1$ trends.
As users continue their effort, experts also predict that they will be successful in raising Dogecoin price to 1$. We are likely going to see Dogecoin become the equivalent of Gamestop in the next few days. Dogecoin has already increased.
What Is The Whole Story about Dogecoin To 1$
It has been wild for trade and stock markets recently. The Reddit frenzy has put a less-known digital currency, Dogecoin, founded as a joke on the map. The value of the cryptocurrency surged on Thursday and now reports claim that the value may surge to $1 in the short-term future. Dogecoin’s logo has the image of Shiba Inu dog, which was taken from the viral doge meme.
The dogecoin’s value increased following the events triggered by the popular Reddit forum, r/wallstreetbets. GameStop, the American video retailer firm had a short squeeze after the users from r/wallstreetbets started buying shares from multiple brokerages. Later, another popular forum r/SatoshiStreetBets was inspired by the GameStop rally and wished to pump cryptocurrencies.
VALUE GOING UP – Dogecoin To 1$
The cryptocurrency was trading at just $0.00797 before the sudden increase came in. Later, dogecoin’s value quickly rose to $0.057410 at around 10 pm ET on Friday. Dogecoin even managed to hit the intraday high of $0.072330 within 24 hours. The reports claim that the cryptocurrency saw the rise of 800% in just 24 hours and is expected to increase more as the forum is encouraging the users to keep pushing.
Thanks to the crypto rally, dogecoin managed to attain ninth rank among the digital currencies globally. However, the other cryptocurrency also had their value risen up, thanks to the manipulation by r/SatoshiStreetBets. The ‘Satoshi’ name used in the Reddit forum is quite popular among crypto traders.
That’s not it, the meme-inspired cryptocurrency also managed to add around $7.17 billion on total market cap values within the first 24 hours. Dogecoin has been nicknamed ‘doge gme’ as the users desperately want to make it equivalent to GameStop. Elon Musk, the CEO of Tesla, tweeted a post about Doge and users are assuming that they have his support on rising dogecoin.