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Can Dogecoin Reach $1?

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) has been one of the most talked about meme tokens of 2021. And for good reason -- it climbed 15,219% to peak in May. Its market share has gained so much that now it's the 10th biggest crypto player by that measure.

Today, Dogecoin is trading at about $0.17. Considering its momentum this year, it may seem highly possible that the token can quickly reach $1. But wait, not so fast. It's important to remember that Dogecoin has also slipped 76% from its peak. Let's take a closer look at this popular cryptocurrency to see what direction it may take in the future.

Image source: Getty Images.

Source Fool.com

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