Doge Coin Soaring to 20 Cents by Weekend, Prediction By Experts

The value of several cryptocurrencies like Bitcoin, Ethereum, and Dogecoin is on a continuous rise and has recorded high prices. Among other crypto coins, Dogecoin has yet again surprised the traders in the cryptocurrency market. The meme-themed digital currency spiked over 101.1% over the weekend and crossed the 10 cents mark for the first time in the coin’s history.

Why is DogeCoin going to the Moon?

Traders and investors commonly use the phrase to the moon, while any cryptocurrency reaches its high price. Not only DogeCoin but several other cryptocurrencies’ values are soaring high in recent times. Dogecoin was started as a joke and now it has become an internal part of a larger meme community across the globe. The users on media platforms like Reddit and Twitter kicked off the trend to take Dogecoin to the moon.

Hundreds of meme enthusiasts were then directly supported by Tesla mogul and ardent crypto fan, Elon Musk. He frequently tweeted about Dogecoin and Dogecoin-related memes, which has now led to the cryptocurrency’s high price value. No one had expected that the coin would have hit the 10 cents mark this early. Now, the price pump has made us wondering that it is about time to see Dogecoin reaching the one dollar mark.

Cryptocurrency traders and experts still label Dogecoin as a joke, but it has now exceeded far more than their expectations. However, it is not their fault to assume the joke, because the coin is actually made as a joke and has a symbol inspired by popular meme material. Bill Markus and Jackson Parmer introduced the coin back in 2013 as a joke and were inspired by the Doge meme. The coin’s symbol is also the Shibu Inu dog featured in the popular meme.

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On April 13, Dogecoin hit the record high price, which was 11.5 cents. Since then, the value of the coin has never fallen below the 10 cents mark, instead of continuing above the 11.5 cents mark.

DogeCoin Prediction: on the way to hit 20 cents mark

At the time of writing this, Dogecoin’s price value is standing at $0.132 on April 14, 2021. This is around 42.5% price pump in the last 24 hours. If the price continues to grow, we can expect the cryptocurrency to hit the 20 cents mark by the weekend. However, it is also worth noting that there will certainly come a period of lows, meaning the value can even follow below the 10 cents mark. But, traders and memers won’t let that happen and will continue pushing it to the moon.

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