Elon Musks Saturday Night Live episode airs this weekend, on May 8. (Photo : Celebrity endorsements). Dogecoin (DOGE) price: Meme cryptocurrency's rise sparks bubble - CNBC You Might Have To Take A Test To Trade In This Country, Do Not Sell My Personal Data/Privacy Policy. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Dogecoin started 2021 on a bullish note, doubling on January 2 from $0.005405 to $0.011427, and was trading at $0.007432 on January 27, before the most recent rally took it to an all-time high of $0.07818. DogeCoin almost hit 70 cents: What's behind the latest surge Since last August, Dogecoin has not broken the 30 U.S. centsmark, however, with the memecoins use cases skyrocketing with Musks takeover of Twitter, there is no reason it cannot reach the 50 cents mark before the new year, he said. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It is now being accepted by some online stores for payment and Dogecoin investment is forming part of diversified cryptocurrency portfolios. Capital Com is an execution-only service provider. At the time Wallace joined the show, Dogecoin was trading around 50 cents. But Dogecoin is unique, and being in a category all on its own, a more all-encompassing assessment requires one to look at other less-traditional influencing factors. Also read:Blockchain.com Needs Cash As Valuation Plunges 70%: Will VCs Back The Struggling Startup? So while the answer is probably, yes the coin will reach $1.00, will I be investing again? So will Dogecoin reach $1? The year 2020 was good for cryptocurrencies. On that note, Dogecoin will likely continue to mimic Bitcoin's performance for the foreseeable future (as does almost every other altcoin). On the bright side, financial giants including JPMorgan, Citi, and Sachs are contemplating establishing crypto custody. Musk posted a tweet last week that referenced The Dogefather and his upcoming hosting gig on Saturday Night Live May 8. Join the 520.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: The combined value of the cryptocurrency market climbed above $1tr in January for the first time, as Bitcoin traded at a record high of $41,941.56, according to data from CoinMarketCap and CoinGecko. This user, for example, is one of many bullish Dogecoin fans who believe the asset will reach the 50-cent mark before the next weekend is out. These public endorsements brought huge amounts of publicity to Dogecoin and gave it some much-needed validity, bringing in billions worth of new investments. . The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. One of the most promising aspects of fundamental analysis is the growing popularity among A-list celebrities. Before we get started, we need to discuss the elephant in the room, Dogecoin's volatility. It has since made its way down to around 55 cents. If you look into Reddit, Facebook, Twitter, and other social networks, you will see that Doge has the second-largest followings after Bitcoin.