We've all seen this movie before. The cryptocurrency market, once down and out, is now a favorite among investors. The entire asset class is worth $2.5 trillion today, up roughly 200% from the start of 2023.
Dogecoin (CRYPTO: DOGE), one of the more speculative digital tokens out there, is benefiting tremendously. Its price is up 80% just in the past month.
This dog-inspired meme cryptocurrency has cooled off somewhat, as it sits about 17% below its 2024 high (as of March 21). But that hasn't prevented some of Dogecoin's most bullish supporters from hoping the token can reach $1 during the next several years. Is it possible for this crypto to soar almost 600% between now and the end of 2030?
Source Fool.com