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Can Dogecoin Reach $1?

TheMotleyFool

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Can Dogecoin Reach $1?: https://g.foolcdn.com/editorial/images/772041/point-at-dollar-signs-on-chart.jpg

The cryptocurrency market is back in investors' good graces. And some of the most speculative tokens are seeing huge gains.

Dogecoin (CRYPTO: DOGE), for example, is up 100% this year (as of April 5). Could this be the start of a massive bull run that sees the dog-inspired crypto eventually reach the coveted $1 mark?

Investors are rushing in to buy Dogecoin, demonstrating once again how major hype cycles can push up the price in no time. There might be a potential catalyst on the horizon this time, though.

Source Fool.com

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