22.04.202103:57 Forex Analysis & Reviews: Dogecoin may be worth $1 by the end of this year

Exchange Rates 22.04.2021 analysis

Many crypto enthusiasts are confident that by the end of the year, DOGE will grow to $1. On the contrary, other experts say that it will take 3-5 years. Dogecoin is a very volatile and unstable asset and can go out and lose investor interest in an upward trend of bearishness. If you decide to add it to yourself as an investment asset, you should be balanced in your decision and trust your cold mind after carefully monitoring the market.

The number of companies accepting Dogecoin as a payment method is growing. Last month, the brainchild of billionaire enthusiast Mark Cuban, Dallas Mavericks allowed payments in DOGE. Then, Kessler Collection and Latvian airline airBaltic made Dogecoin available in payment methods. Interest in dogecoin is growing and the demand for the coin from the crypto arena is growing.

Experts say that the resistance is at the level of $0.50, so the DOGE's price may be $1 by August. The next level of resistance and the ultimate target is the $10 milestone by the end of 2023. The cryptocurrency market has been quite an interesting sight lately, and this is largely due to the amazing growth of Dogecoin, which has led to a further rise in bookmakers. If you are ready to invest, do not just blindly chase such mastodons as Bitcoin and Ether — think about the DOGE.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Vitaly Kolesnikov,
Analytical expert
InstaForex Group © 2007-2021
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