Dogecoin ‘Pump And Dump’ Cycle Could Send The Memecoin Soaring By The End Of 2021
DOGEcoin, the tongue-in-cheek, meme-based cryptocurrency that exploded into the crypto top ten this year, has added 25% to its price this week (subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% GAINS).
The dogecoin price soared to highs of over 70 cents in an Elon Musk-fueled, fear-of-missing-out rally in May, up many thousands of percent on the same time last year, only to crash back in the following months. However, the dogecoin price found a floor at around 20 cents before beginning to climb this week.
Ahead of dogecoin's latest surge higher, a panel of cryptocurrency experts predicted the memecoin could be worth 42 cents by the end of 2021—an increase of 60% from its current level—thanks to the “pump and dump” cycle.
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