Dogecoin, the net’s favorite cryptocurrency, continues to appreciate in value, the cryptocurrency has increased in value by more than 3,000 percent since its inception two years ago.
When, if ever, can Dogecoin reach $1 per unit? Dogecoin, according to Forsige, would be worth more than $2 per coin by April 20, 2022.
The cryptocurrency was only worth $0.0023 last year, but it has since risen in value. According to Coin market info, DOGE is floating around the 40 cent mark per token at the time of writing.
Elon Musk, according to experts, is one of the key reasons for the skyrocketing price. After more than doubling in value in the last few days, the market will likely settle at about 2 cents or less.
However, it will gradually increase in value as various forces support it, and it could reach $1 by December 2021 to January 2022 before hitting another milestone in a short period of time by April 20, 2022, fuelled by the Dogecoin day event.
April 20 has been designated as a Dogecoin day, as is typical.
Dogecoin has now achieved financial milestones that seemed unthinkable at the start of the year. The market capitalization has surpassed $50 billion, making it more valuable than Ford. The potential is there for a major price rally.
For the majority of its seven-year existence, Dogecoin has had a value of half a penny. For the rest of time, 10,000 new Dogecoins will be released every minute, implying that the value will never hold. It’s a cryptocurrency that’s supposed to keep getting cheaper. Even the coin’s maker is perplexed by its meteoric rise.