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Can Dogecoin be worth a dollar by 2022?

Here are the complete results of this week’s poll:

Yes, Dogecoin will be worth a dollar by 2022: Eighty-two percent.

No, Dogecoin will not be worth a dollar in 2022: 19.8% of people.

Some of the big swings in the cryptocurrency have been fuelled by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, who has posted about Dogecoin and shared memes cryptocurrency with the Shibu Inu puppy. 

Throughout 2021, the “meme currency” has trended on Twitter Inc (NYSE:TWTR), with #dogecoin and #dogetothemoon among the most popular hashtags.

This study was conducted as Dogecoin reached an all-time high of $0.45 on Friday, capping off a frantic week of trading that saw the meme cryptocurrency surge by 650 percent.

Dogecoin is currently trading at around $0.25 at the time of publishing.

Also see: How to Purchase Dogecoin (DOGE)

Returns on Cryptocurrencies in the Past: It’s no secret that cryptocurrencies have outperformed the stock market over the last five years.

Despite high uncertainty and a boom-bust period in 2017 and 2018, cryptocurrency investors who bought five years ago and kept on for the long haul have made huge profits.

Reference

Survey: 80% Believe Dogecoin Will Reach $1 By 2022 …. https://fintechs.fi/2021/04/18/survey-80-believe-dogecoin-will-reach-1-by-2022/

Tesla Motors (TSLA), Twitter (TWTR) – Will Dogecoin Reach …. https://www.benzinga.com/markets/cryptocurrency/21/04/20671395/will-dogecoin-reach-1-by-2022

What do you think?

Written by Winston

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