[Blockchain Today Reporter Park Yohan] The value of Dogecoin is still falling even after Tesla CEO Elon Musk mentioned Dogecoin in’Saturday Night Live’. Some experts say that Dogecoin will reach $3 at the end of this year.
According to CNN, after Musk appeared on the show, investors continued to sell and Dogecoin fell by about 40%. Earlier, on the 8th, Dogecoin once recorded a reported price of 889 won. It was interpreted that this was due to the anticipation of Elon Musk’s SNL appearance scheduled for 12:30 pm (Korean time) on the 9th. However, in about 35 minutes from 12:40 on the 9th when Elon Musk appeared on SNL, the price of Dogecoin plunged to 642 won.
Dogecoin has soared 12,000% since January, and showed a surge of 800% during the month of May. The value of this cryptocurrency has been greatly emphasized due to the recent advertisement on Musk’s’SNL’. This is because most of Dogecoin’s value is driven by propaganda and discussion on social media.
â—‡ Is Dojicoin a safe investment?
According to Disstreet, experts have warned investors that Dogecoin is not always safe because it relies on hype and dialogue. Adam Zadikoff, COO of BRD, told CNBC, “The market for Dogecoin is changing rapidly and success is not always guaranteed.” Has been mentioned.
â—‡Dojicoin prediction
There are several cryptocurrency experts predicting the rebound of Dogecoin. Digital Coin Price is predicted to reach $1 in early 2022 and $0.91 in December 2021. In addition, CoinPriceForecast predicts that the value of Dogecoin will reach $3 by the end of 2021.
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