Dogecoin is the star of 2021 as it breached the 1 Cent mark and touched an all-time high (ATH) of $0.73 on May 8th. Elon Musk’s investment and involvement in Doge made the coin the talk of the town. Musk’s repeated tweets endorsing Doge attracted a wave of new and first-time investors into the crypto market.
However, after reaching its ATH, Dogecoin slumped and is trading between $0.18 to $0.25 since close to six months now. The coin failed to break out and its hype fizzled out and got eclipsed by Shiba Inu. The limelight quickly shifted from Doge to SHIB during the second half of the year.
Even top crypto influencers such as Matt Wallace who swore by Doge any given day jumped on the SHIB bandwagon.
Can Dogecoin Cross $1 in 2021?
Investors are hoping Dogecoin to touch the $1 milestone by the end of 2021 but the coin’s price isn’t scaling. However, financial analyst David Cox had predicted back in June that Doge will breach the $1 mark in December 2021.
Walking down memory lane, Cox stated that Doge will see a boost in price only by the end of the year. He stated that it could touch an all-time high of $1.07 and see a low of $0.90 in December. He predicted that the coin will first cross the $0.80 mark only in December. The prediction was made in June.
”The minimum expected Dogecoin price would be around $0.90,” said Cox to CryptoNewsZ. Cox continued, ”It is likely to cross the $0.80 mark soon as the coin is constantly breaking the all-time high, as this is the year of cryptocurrencies. The predicted high for 2021 might be around $1.07, and on the downside, the low might be around $0.91.” he said.
Nonetheless, we will have to wait and see if David Cox’s prediction will turn out to be true or not in the next month.
A Larger Than Life Fanfare
Dogecoin commands a larger-than-life fanfare and the community binds together by memes. It’s a fun, youthful and hip crypto that attracts anyone it passes by on the internet. The community is dedicated and is keeping up with its sea of followers with unending jokes and memes.
Investors kept the spirit of Dogecoin alive all throughout 2021 through forecasts, predictions, social media interactions and never let its hype fizzle out even for a single day. Doge is arguably the only crypto that makes itself visible every time across all social media platforms.
At the time of publishing, Dogecoin was trading at $0.25 and is down -1.33% in the 24-hours day trade. The coin’s market cap now stands at $33 billion.