Dogecoin (DOGE) has somewhat fallen from grace in recent times. The king of meme cryptocurrencies went from shooting for the moon to plummeting back down to Earth, then has been floundering somewhere in between ever since. So, is Dogecoin dead? Will DOGE recover and make a comeback in 2021? Here’s the latest news on Dogecoin crypto.
Will Dogecoin recover in 2021?
Dogecoin (DOGE) is far from dead in 2021. According to a panel of notable crypto experts, the average Dogecoin value could hit $1.21 by 2025 and $3.60 by 2030. Although the estimate doesn’t guarantee a DOGE recovery, there’s no reason to write Dogecoin off in 2021.
In addition to the promising Dogecoin price estimate, there are additional factors to consider. Recent reports indicate that Amazon is looking to implement cryptocurrency payments by the end of this year. If the e-commerce giant goes through with its rumored plans, it’s possible that Tesla will follow suit and start accepting Dogecoin. Should these events come to pass, there would almost certainly be an increase in demand for DOGE and a resulting price hike.
There’s also the ongoing collaboration between Dogecoin and Ethereum. Developers are currently implementing the DOGE-ETH bridge, which will allow higher volumes of Dogecoin to trade in a shorter space of time. That could mark more good news for the meme coin, though it’s important to consider the flipside too. Namely, it’s worth addressing the current fears surrounding a Dogecoin ban.
China has placed a complete ban on cryptocurrency, while Thailand is specifically restricting meme crypto. Although these Asian countries carry different values to the United States and the Western world, many investors fear similar action. There’s no significant evidence suggesting that this is the case, however.