According to The Advisor Coach’s recent poll, Dogecoin’s social popularity outnumbers Bitcoin’s.
Dogecoin wallets are presently being tested by Robinhood ahead of their debut.
Analysts anticipate that by the end of 2021, the price of DOGE will have surpassed $1.
According to a study done by financial adviser business “The Advisor Coach” in 23 states throughout the United States, DOGE is the most popular cryptocurrency among traders. The popularity of Dogecoin can be due to its growing usability and acceptance as a payment mechanism by over 1700 merchants.
Dogecoin is the most popular cryptocurrency among traders and investors.
Dogecoin is more popular than Bitcoin and the other cryptocurrencies in 23 US states, including Illinois, Florida, Hawaii, and New Jersey. The goal of the study was to determine which cryptocurrency each of the 23 US states would like to invest in based on popularity.
Since the Robinhood IPO and AMC Theatres’ acceptance of DOGE as a payment mechanism, there has been a surge in attention and social media activity relating to Dogecoin.
The Robinhood listing of Dogecoin is thought to be a major factor in the memecoin’s price rise in 2021. Before launching, the zero-commission exchange is testing DOGE wallets on its platform.
Proponents predict that the price of DOGE will reach $1 by the end of 2021. A financial expert, David Cox, anticipated that the price of DOGE will surpass $1 in December 2021.
Cox predicted in June that the memecoin would achieve a new all-time high of $1.07, and he was correct. According to Cox, he said:
The minimum expected Dogecoin price would be around $0.90. It is likely to cross the $0.80 mark soon as the coin is constantly breaking the all-time high, as this is the year of cryptocurrencies. The predicted high for 2021 might be around $1.07, and on the downside, the low might be around $0.91.