Jenny Ta, the founder and CEO of CoinLinked.com, shared her ideas concerning the future value of Dogecoin (CRYPTO: DOGE) Friday on Benzinga’s YouTube show “Power Hour.”
The recognition of Dogecoin has soared not too long ago, because the cryptocurrency that began as a joke is now not simply chasing its tail. The meme-based cryptocurrency obtained public help from quite a few celebrities in 2021 and is choosing up traction as a methodology of cost at retailers.
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The worth of the favored cryptocurrency traded from about 1 cent on Jan. 1 to virtually 75 cents on Could 8 when Tesla Inc (NASDAQ:TSLA) CEO Elon Musk hosted “Saturday Evening Stay.”
From a share perspective, the run of Dogecoin over that point was a robust uphill battle, Ta advised Benzinga, including that it needs to be a lot simpler for the cryptocurrency to maneuver from 75 cents to $1.
$1 per Dogecoin is imminent, she stated, including that she believes Dogecoin will finally attain a market cap of $1 trillion, valuing the cryptocurrency round $7 or $8 per coin.
Ta famous that she is grateful for “the cryptocurrency godfather” Bitcoin (CRYPTO: BTC), as she stated that with out Bitcoin, Dogecoin would have by no means come alongside.
Value Motion: Dogecoin is up 7,405% year-to-date.
Ultimately verify Friday, Dogecoin was buying and selling down 11.87% over a 24-hour interval at a market cap of round $46 billion.
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