Dogecoin Hits $0.01: Will It Hit $1 In 2021???
For those who have been patiently waiting for Dogecoin to become the next bitcoin, the wait may soon be over.
Dogecoin, the cryptocurrency, hit $0.01 on Saturday, which is a big milestone for those who have invested their time and money in it for a while. Considering that its average for most of 2020 was $0.003, 2021 might not be off to a bad start for investors after all.
Some analysts believe Dogecoin is on a bull run and could reach $1 by the end of 2021, according to Coinpedia.
Now that more people see the potential in the currency, more will be inclined to buy, which in turn means a run to $1.
More people investing in this special cryptocurrency means the value of it will rise.
Elon Musk, CEO of Tesla, is a huge advocate of all things cryptocurrency, particularly Dogecoin. He constantly tweets about his belief in the currency and that one day it will be worth something.