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HomeCrypto NewsWill Dogecoin Reach $1 By 2023? Over 60% Say... | Benzinga

Will Dogecoin Reach $1 By 2023? Over 60% Say… | Benzinga

Every week, Benzinga conducts a survey to gather sentiment on what merchants are most enthusiastic about, concerned about or fascinated with as they handle and construct their private portfolios.

This week, we posed the next query to Benzinga guests: By 2023, will Dogecoin attain $1? 

For the uninitiated, Dogecoin was launched as a joke in 2013 to assist elevate public consciousness of the capabilities of blockchain know-how. Though the Shiba Inu-based cryptocurrency was initially meant as a joke, it gained momentum in 2021 due to its passionate on-line neighborhood. 

Those most acquainted with Dogecoin over the previous yr know all too properly how correlated the value motion of the cryptocurrency is to movie star affect, together with however not restricted to tweets from Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.

Here are the total outcomes from this week’s survey:

  • Yes, Dogecoin will attain $1 by 2023: 60.3%
  • No, Dogecoin is not going to attain $1 by 2023: 39.7%

This sentiment examine was carried out amid an energetic week of buying and selling which noticed the meme cryptocurrency run larger by 20%.

As of publication time, Dogecoin is buying and selling at $0.1888, ranked because the eleventh prime cryptocurrency by market cap.

See Also: Dogecoin Vs. Shiba Inu

This survey was carried out by Benzinga in January 2022 and included the responses of a various inhabitants of adults 18 or older.

Opting into the survey was fully voluntary, with no incentives provided to potential respondents. The examine displays outcomes from over 1,000 adults.

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