2021 Was The 12 months Of Dogecoin: A Month By Month

2021 Was The 12 months Of Dogecoin: A Month By Month

One of many greatest storylines for cryptocurrency in 2021 was the rise of Dogecoin (CRYPTO: DOGE). Benzinga took a look again on the well-liked meme coin to see what the highest storylines had been for Dogecoin in every month in 2021.


Begin Value: $0.0047

Finish Value: $0.0349

Excessive Value: $0.0779

Dogecoin began 2021 buying and selling below $0.01 per coin. The memecoin shortly gained consideration from the Reddit group r/SatoshiStreetBets who needed to see a pump within the cryptocurrency much like a transfer that shares similar to GameStop Corp. (NYSE:GME) and AMC Leisure Holdings (NYSE:AMC) noticed in January.

One other occasion in January that despatched the value of Dogecoin larger was a tweet voicing assist of the coin by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. This after all would change into a serious pattern in 2021 with Musk mentioning the coin on many events and the coin reacting to every tweet.

By the tip of January, Dogecoin had overtaken Bitcoin (CRYPTO: BTC) because the most-mentioned cryptocurrency on Twitter Inc (NYSE:TWTR). And to cap January off, the star of Netflix Inc (NASDAQ:NFLX) hit collection “Tiger King,” Carole Baskin, pumped Dogecoin due to the acquisition of a Cameo by a fan of the crypto.


Begin value: $0.0370

Finish Value: $0.0480

Excessive Value: $0.0849

Dogecoin continued to achieve momentum within the month of February, led once more by Musk favorably mentioning the meme cryptocurrency, calling it the “folks’s crypto.”

One of the crucial seen articles on Benzinga in February about Dogecoin was the widespread query of “Easy methods to Pronounce Dogecoin?” and it turned some of the searched pronunciations on Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) unit Google in 2021.

The rise of Dogecoin’s valuation in February additionally prompted coin co-founder Billy Markus to deal with the rise of the coin in an open letter he posted on Reddit. 

“I’m half indifferent, however it’s bizarre that one thing I made in just a few hours is now a part of web tradition,” Markus instructed Bloomberg. Markus additionally stated it was amusing to see Musk discuss Dogecoin. 


Begin Value: $0.0480

Finish Value: $0.0536

Excessive Value: $0.0606

Together with Musk, some of the vocal public figures supporting Dogecoin in 2021 was Dallas Mavericks proprietor and entrepreneur Mark Cuban. All year long, Cuban supported the concept of proudly owning a small portion of Dogecoin and backed the concept of the cryptocurrency going to $1. Cuban additionally revealed in March that the Mavericks would start accepting Dogecoin as a fee possibility for tickets and merchandise.

Additionally in sports activities information, a race automobile pushed by Stefan Parsons featured Dogecoin on the hood of the automobile.


Begin Value: $0.0536

Finish Value: $0.3929

Excessive Value: $0.4377

Musk tweeted in assist of Dogecoin on April 1, saying that SpaceX “goes to place a literal Dogecoin on the literal moon.” Whereas some noticed it as an April Idiot’s Day joke, the tweet continued a pattern of Musk tweeting and sending the cryptocurrency larger.

Conagra Manufacturers Inc (NYSE:CAG) shouted out Dogecoin on its earnings name, marking a primary for the meme crypto. The point out got here as the corporate’s Slim Jim model used Doge memes to spice up its social media following.

Probably the most-read article on Benzinga for 2021 was revealed within the month of April and centered on a hypothetical funding in Dogecoin. The April 15 article confirmed how a lot a $1,000 funding in Dogecoin on Jan. 1, 2021 can be price now.

Mark Cuban up to date the world on how many individuals had been utilizing Dogecoin to purchase tickets and merchandise from the Mavericks. The crew proprietor stated over $122,000 in merchandise was bought with Dogecoin, up 550% from the earlier month. Cuban additionally revealed he had bought “just a few {dollars} price” of Dogecoin for his 11-year-old son in February.

With elevated demand from clients for Dogecoin, Webull CEO Anthony Denier revealed solely with Benzinga that the buying and selling platform can be including Dogecoin.

“Webull Crypto has been and is at present testing Dogecoin,” Denier stated. The CEO added that Dogecoin was probably the most requested cryptocurrency so as to add to the platform by customers “far and away.”

Doge Day happened on April 20, 2021. The cryptocurrency didn’t hit the $1 value goal that many in the neighborhood had hoped for on the unofficial vacation for Dogecoin. The coin did pattern and noticed many tales on the day, boosting the social attain of the coin even additional.

One of many greatest Dogecoin tales in 2021 was the looks of Musk on “Saturday Evening Reside” in Might. Musk tweeted on April 28 “The Dogefather SNL Might 8,” which despatched the coin larger on hypothesis he would point out the coin throughout his internet hosting look.

See Additionally: How To Purchase Dogecoin 


Begin Value: $0.3375

Finish Value: $0.3258

Excessive Value: $0.7375

Dogecoin surged larger in Might forward of Musk’s look on “Saturday Evening Reside,” which aired dwell on Comcast Company (NASDAQ:CMCSA) unit NBC on Might 8. Musk instructed the world Dogecoin can be featured throughout his look.

Buying and selling platform eToro introduced the addition of Dogecoin as certainly one of a number of cryptocurrencies supplied to customers to purchase, promote and maintain.

Musk talked about Dogecoin a number of instances throughout his look on “Saturday Evening Reside.” The coin traded larger earlier than his look after which started falling throughout and after the internet hosting gig.

Cryptocurrency platform Coinbase International Inc (NASDAQ:COIN) introduced plans so as to add Dogecoin as a tradeable cryptocurrency in a timeframe of six to eight weeks.


Begin Value: $0.3257

Finish Value: $0.2542

Excessive Value: $0.4445

Coinbase added Dogecoin to its platform in June with Coinbase Professional customers getting entry on June 3.

Dogecoin group members received their first have a look at Dogepalooza, an occasion that includes leisure, music and extra for followers of the cryptocurrency. The discuss of Dogepalooza caught the eye of Musk who stated the occasion “sounds kinda enjoyable.”

Dogecoin co-founder Billy Markus introduced his “resignation” because the CEO of Dogecoin, a label he acquired by a publication. Markus introduced meme creator Greg as the brand new CEO of Dogecoin and Musk the Chief Meme Overlord.

The unique Doge meme, which was the picture used for Dogecoin, offered in an public sale for 1,696.9 Ethereum (CRYPTO: ETH), or round $4.06 million. Pleasrdao was introduced because the winner of the meme offered as an NFT.

Markus additionally made headlines in June when he disclosed that he bought 2,500 Dogecoin, his first buy of the meme coin since 2013. This got here after Markus vowed by no means to purchase crypto once more again in 2013.


Begin Value: $0.2538

Finish Value: $0.2083

Excessive Value: $0.2600

Robinhood Markets Inc (NASDAQ:HOOD) filed its prospectus to go public by way of IPO. The submitting unveiled that cryptocurrency represented 17% of whole first-quarter income. Dogecoin represented 34% of cryptocurrency transaction income within the first quarter in comparison with 4% within the fourth quarter of 2020. Dogecoin was listed as a threat issue from the corporate with the chance of decrease demand for the meme crypto hurting the potential outlook for Robinhood.

The crew behind Dogepalooza revealed with Benzinga that its first annual occasion can be held at Constellation Subject in Sugar Land, Texas on Sat., Oct. 9, 2021. The occasion would later be postponed because of the COVID-19 pandemic.


Begin Value: $0.2077

Finish Value: $0.2944

Excessive Value: $0.3509

Mark Cuban revealed on Twitter that he owns $494 price of Dogecoin. The greenback determine represents round 1,470 Dogecoins owned by Cuban.

Cuban additionally used Dogecoin as a promotion for the Mavericks known as Dogemania. The promotion gave a free $25 e-gift card to anybody who used Dogecoin to spend greater than $150 on the Mavericks on-line retailer.


Begin Value: $0.2780

Finish Value: $0.2042

Excessive Value: $0.3197

Pleasrdao introduced the fractionalization of the Doge meme in September, which led to the general worth of the NFT skyrocketing.

AMC Leisure CEO Adam Aron took to Twitter to ask the group if the film theatre chain ought to settle for Dogecoin for ticket purchases. The query got here after AMC introduced it will settle for Bitcoin as fee for tickets and concessions bought on-line.


Begin Value: $0.2044

Finish Value: $0.2802

Excessive Value: $0.3388

The pattern of main retailers accepting Dogecoin continued in October with youth-focused vogue retailer Pacsun saying the flexibility for patrons to make use of Dogecoin and different cryptocurrencies for purchases by way of BitPay.

AMC introduced in October it will enable clients to buy reward playing cards utilizing Dogecoin utilizing a BitPay Pockets. The information was nicely acquired by the Dogecoin group and confirmed retailers persevering with to simply accept the cryptocurrency as a fee possibility.


Begin Value: $0.2801

Finish Value: $0.2147

Excessive Value: $0.2896

The Dogecoin pretend administration crew received a lift in November with Markus saying Greg’s run because the pretend CEO had come to an finish. Musk campaigned for his pet canine Floki to be named the brand new CEO. The canine featured on the Dogecoin meme, Kabosu, was introduced as the brand new pretend CEO of Dogecoin. Floki acquired the title of President of Dogecoin.

Main restaurant chain Burger King, a unit of Restaurant Manufacturers Worldwide Inc (NYSE:QSR), introduced a partnership with Robinhood to present away cryptocurrencies, together with Dogecoin. Purchases of $5 or extra had the possibility to win Dogecoin, Ethereum or Bitcoin.

Kabosu, the canine that was the premise of Dogecoin, celebrated its sixteenth birthday on Nov. 2, 2021. The canine was saved from getting put down due to being rescued at an animal shelter by a Japanese kindergarten instructor.


Begin Value: $0.2144

Finish Value: TBD

Excessive Value: $0.2230

Dogecoin received a slight elevate in early December due to a tweet from Musk saying “Dooooge” on Twitter in response to a narrative about Ethereum.

Dogecoin celebrated its eighth birthday on Dec. 6, 2021. The coin was created by Markus and Jackson Palmer.

An evaluation of Google Traits knowledge from Alphabet Inc. confirmed Dogecoin was probably the most looked for cryptocurrency in 23 of the 50 states. Bitcoin ranked second as the highest search in 10 states and Ethereum ranked third as the highest search in eight states.

Dogepalooza introduced its new 2022 date with Benzinga in December. It should now be held on the unique location, Constellation Subject in Sugar Land, Texas, on April 23, 2022. Ticket costs for the 2022 occasion had been additionally reduce.

See Additionally: Benzinga’s High 5 Articles For 2021 — Or ‘Who Let The Canine Out?’

Picture: Executium by way of Unsplash


Breaking News