The Dogecoin roller coaster ride over the past month has had its series of ups and downs. While “Dogeday” on April 20th was a bit of a let down for investors everywhere, nearly an hour ago was a time to celebrate. Around 10:00am on Tuesday, Dogecoin hit its all time record high at just under $.61. It has slid a bit back to nearly .$50, but still, it is considerably higher than where it was a few weeks ago.
The question is, will Dogecoin be able to reach the price of $1.00? Dogecoin creator Billy Markus seems to think that it’s possible.
“It’s an open market, so the current value is simply decided by whatever someone is willing to pay for it at a specific point in time.”
The creator continued: “If the world collectively decides they are willing to purchase it for a dollar, then it’s worth a dollar. In the world of cryptocurrency valuations, I would say, historically the question is less about ‘why?’ and more about ‘why not?'”
Unfamiliar with the pop culture phenomenon and burgeoning cryptocurrency that is Dogecoin? Watch this video to learn everything you need to know!