- Dogecoin’s social popularity surpasses that of Bitcoin, according to the latest survey by The Advisor Coach.
- Robinhood is testing Dogecoin wallets ahead of launch.
- Analysts predict that the price of DOGE could break the dollar by the end of 2021.
Financial advisory firm “The Advisor Coach” conducted research in 23 states in the United States, identifying DOGE as the most popular cryptocurrency among traders. The popularity of Dogecoin is attributed to its increasing utility and adoption as a payment method with more than 1,700 merchants.
Dogecoin is the leader in popularity among cryptocurrency traders and investors.
23 US states, including Illinois, Florida, Hawaii, and New Jersey, rank Dogecoin above Bitcoin and all other cryptocurrencies in terms of popularity. The goal of the research was to establish which cryptocurrency each of the 23 US states wants to invest in, based on its popularity.
There has been an increase in interest and activity on social media related to Dogecoin since the inclusion of Robinhood and the adoption of DOGE as a payment method by AMC Theaters.
Dogecoin’s Robinhood listing is considered a key driver of memecoin’s price surge in 2021. The fee-free exchange is now testing DOGE wallets on its exchange ahead of launch.
Supporters expect the price of DOGE to reach $ 1 by the end of 2021. David Cox, a financial analyst, has predicted that the price of DOGE will cross the $ 1 mark in December 2021.
Cox’s prediction was made in June and he believes that memecoin would hit a new all-time high of $ 1.07. Cox was quoted as saying:
The minimum expected price of Dogecoin would be around $ 0.90. It is likely to cross the $ 0.80 mark soon as the coin constantly breaks the all-time high as it is the year of cryptocurrencies. The high forecast for 2021 could be around $ 1.07 and, on the downside, the low could be around $ 0.91.
Netcost-Security analysts valued the price of DOGE and predicted that memecoin is set to rally to $ 0.30.
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