Dogecoin Price Prediction: Are New Records Possible? | My booklet

Dogecoin price is up 10.5% to $ 0.0335 in Asian exchanges as the hugely popular internet meme cryptocurrency braces for yet another attack to all-time highs? This is the question that torments all observers of the crypto world

Dogecoin, which started out as a joke among developer friends, has been far from a joke for investors. The price of Dogecoin has registered dramatic gains in 2021.

Fueled by celebrity backing, the price of Dogecoin traded as high as $ 0.4498 on April 16, a huge gain of + 6.100% in 10 weeks.

After peaking in April, the price of Dogecoin suffered heavy losses, like many of its counterparts. It traded as high as $ 0.168, 63% below its peak.

Elon Musk has been a strong advocate for the token, often tweeting his support. The news that the self-proclaimed “DOGE father”Will co-host the Saturday Night Live May 8 sparked a new buying frenzy.

Buyers are hoping Musk will use this prime-time U.S. show as a platform to further promote the cryptocurrency. Any mention would likely cause the price of Dogecoin to rise.

Technical outlook for Dogecoin

The price of Dogecoin is currently at $ 0.340 which represents some downtrend line from the April highs. Is Elon Musk’s upcoming intervention going to send Dogecoin on the path of a historic record beyond $ 0.50? For some, now is the time to bet on Dogecoin, at least until Elon Musk’s next statement.

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