On Friday (May 7), just a day before Elon Musk, CEO of Tesla, appeared on the Saturday Night Live (SNL) TV show, Dogecoin ($ DOGE) topped $ 0.68. Cryptanalyst and influencer Ben Armstrong is confident that $ DOGE is headed for $ 1.
Data from TradingView shows that the $ DOGE price hit an intraday high of $ 0.6850 on May 7th at 21:19 UTC on the Bittrex crypto exchange.
As of 22:00 UTC on May 7th, Dogecoin is trading at $ 0.6783, up 17.53% (versus USD) over the past 24 hours. For the year to date, $ DOGE is up an insane 14,332% against the USD.
This morning Armstrong, the host of the YouTube channel “BitBoy CryptoHad this to say about Dogecoin:
“I think it can definitely get to a dollar. I mean, I don’t think there is a question about that right now. I think it’s just a matter of time. Well, how far it can get over a dollar I wouldn’t argue very far. I mean a lot of these people who talked about having the diamond hands … a dollar is the goal …
“It far exceeded my expectations for this bull run … I bought some Dogecoin over the weekend. It’s going really well, but it’s definitely not something I want to have in my portfolio for the long term …“
– Ben Armstrong (@Bitboy_Crypto) May 7, 2021
On-chain analyst “Dilution-Proof”, who writes for Bitcoin Magazine, says “the activity on the Dogecoin subreddit this week was in a league of its own.”
Activity on the Dogecoin subreddit was in a league of its own this week 😅
There are many parallels to the current GameStop situation$ DOGE could still pump, but has to crash hard at some point. Consider buying #bitcoin instead – you will sleep better 😴 pic.twitter.com/KYL5WgaGlr
– Dilution-proof (@ dilution-proof) May 7, 2021
Cryptocurrency social media analytics platform LunarCRUSH announced a few hours ago that Dogecoin has ranked number one of all top 10 cryptocurrency assets by market capitalization in terms of “Twitter Volume + Bullish Sentiment” for the past seven days .
A look at the top 10 coins from Twitter Volume + Bullish Sentiment over the past 7 days. Wow
1 $ doge #dogecoin
2 $ btc #bitcoin
4th $ Cake #pancakeswap
5 $ eth #Ether
6th $ sol #solana
7th $ bnb #BNB
8th $ ada #cardano
9 $ link #chainlink
10 $ xrp #xrphttps://t.co/LXiFtTCBiM pic.twitter.com/PdhxPsGzBX
– LunarCRUSH social listening for cryptocurrencies (@LunarCRUSH) May 7, 2021