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Enter Dogecoin (CRYPTO: DOGE), whose price has skyrocketed by 376% in 2024. At a price of roughly $0.43, can Dogecoin's momentum continue and propel the token to a price of $1 by the end of the year?
The price of Dogecoin (CRYPTO: DOGE) traded 3.2% lower, while XRP (CRYPTO: XRP) had fallen 3.1%. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
The popular meme coin's token price was up 3% over the past 24 hours as of 11:40 a.m. ET. Bitcoin's price was down 0.9%, and the price of Ethereum was down 1.6%.
A $100 investment in Dogecoin at the time of writing could buy 346.2604 DOGE, based on a price of $0.2888. If Dogecoin can return to all-time highs, the $100 investment today would be worth $255.40.
Image source: Getty Images. Dogecoin could reach $1, but it probably won't stay there. Dogecoin's post-election rally recently stalled at $0.47, which is still way below its record high from 2021.
Dogecoin (CRYPTO: DOGE) is making gains in Thursday trading: As of noon ET, the cryptocurrency's price was up 6.4% over the prior 24 hours. Meanwhile, Bitcoin (CRYPTO: BTC) was up 3.4%, and ...