4 Reasons that dogecoin is on a tear in 2021—ane one warning
by Mark DeCambre
Market Watch
Indeed, dogecoin, the meme crypto which has become linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 10,000% and putting it in the top 10 of the most-highly valued digital assets this year.
At last check, dogecoin was changing hands at 57 cents, up more than 40% on the day and up around 11,210% so far in 2021, according to CoinDesk.
That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble bound to pop and leave carnage in its wake.