Crypto Currency News
Bitcoin
$65,978.16
-377.82
Ethereum
$3,523.48
-26.99
Litecoin
$77.70
-1.9
DigitalCash
$24.97
-0.74
Monero
$173.75
-1.49
Nxt
$0.00
-0
Ethereum Classic
$24.23
-1.17
Dogecoin
$0.13
-0

2021 was the year of Dogecoin: A month by month retrospective with top stories – Dogecoin – US dollars ($ DOGE)

One of the biggest storylines for cryptocurrency in 2021 was the rise of Dogecoin (CRYPTO: DOG). Benzinga took a look back at the popular meme coin to see what the main storylines for Dogecoin were in each month of 2021.

January

Starting price: $ 0.0047

Ending price: $ 0.0349

Highest Price: $ 0.0779

Dogecoin started trading under $ 0.01 per coin in 2021. The memecoin quickly caught the attention of them Reddit Community r / SatoshiStreetBets who wanted to see a pump in the cryptocurrency, similar to a move that stocks like GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) as seen in January.

Another event in January that drove the price of Dogecoin soaring was a tweet in support of the coin Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. This would of course become a major trend in 2021 as Musk mentions the coin on many occasions and the coin responds to every tweet.

At the end of January, Dogecoin had overtaken Bitcoin (CRYPTO: BTC) as the most frequently mentioned cryptocurrency Twitter Inc (NYSE: TWTR). And to round off January, the star of Netflix Inc (NASDAQ: NFLX) hit series “Tiger King”, Carole Baskin, Dogecoin pumped thanks to the purchase of a cameo by a fan of crypto.

February

Starting price: $ 0.0370

Final price: $ 0.0480

Maximum price: $ 0.0849

Dogecoin continued to gain traction in February, again led by Musk, who positively mentioned the meme cryptocurrency, calling it “the people’s crypto”.

One of the most viewed articles on Benzinga in February about Dogecoin was the frequently asked question “How do you pronounce Dogecoin?” And it became one of the most searched pronunciations Alphabet Inc (NASDAQ: Demokratie) (NASDAQ: Demokratie) entity Google in 2021.

The rise in Dogecoin valuation in February also prompted the co-founder Billy Markus to address the rise of the coin in an open letter he posted on Reddit.

“I’m half aloof, but it’s strange that something I did in a few hours is now part of internet culture,” said Markus Bloomberg. Markus also said it was amusing to see Musk talk about Dogecoin.

march

Starting price: $ 0.0480

Ending price: $ 0.0536

Maximum price: $ 0.0606

Along with Musk, one of the most vocal public figures to endorse Dogecoin in 2021 was the owner and entrepreneur of the Dallas Mavericks Mark Cuban. Throughout the year, Cubans supported the idea of ​​owning a small portion of Dogecoin and supported the idea that the cryptocurrency would rise to $ 1. Cuban also announced in March that the Mavericks would be accepting Dogecoin as a payment option for tickets and goods.

A racing car driven by Stefan Parsons also showed Dogecoin on the hood of the car in sports news.

April

Starting price: $ 0.0536

Final price: $ 0.3929

Maximum price: $ 0.4377

Musk tweeted in support of Dogecoin on April 1, saying that SpaceX will “bring a literal Dogecoin to the literal moon”. While some viewed it as an April Fool’s joke, the tweet continued a trend in which Musk tweeted and sent the cryptocurrency higher.

Conagra Brands Inc. (NYSE: CAG) called out Dogecoin on its profit call, marking a first for meme crypto. The mention came when the company’s Slim Jim brand was using doge memes to grow their following on social media.

The most-read article on Benzinga for 2021 was published in April and focused on a hypothetical investment in Dogecoin. The April 15 article showed how much a $ 1,000 investment in Dogecoin would be worth now on January 1, 2021.

Mark Cuban let the world know how many people used Dogecoin to buy tickets and merchandise from the Mavericks. The team owner said Dogecoin bought over $ 122,000 in goods, up 550% from the previous month. Cuban also announced that it had bought “a few dollars” worth of Dogecoin for its 11-year-old son in February.

With the increased demand from customers for Dogecoin, Webull CEO Anthony Denier announced exclusively with Benzinga that the trading platform would add Dogecoin.

“Webull Crypto has tested Dogecoin and is currently testing it,” said Denier. The CEO added that Dogecoin was the most requested cryptocurrency, added “by a long way” to the platform by users.

Doge Day took place on April 20, 2021. The cryptocurrency failed to hit the target price of $ 1 that many in the community had been hoping for on the unofficial holiday for Dogecoin. The coin was trending and saw many stories that day, which added to the social reach of the coin even further.

One of the biggest Dogecoin stories of 2021 was Musk’s appearance on Saturday Night Live in May. Musk tweeted “The Dogefather SNL May 8th” on April 28th, which sent the coin higher amid speculation that he would mention the coin during his hosting appearance.

See also: How to Buy Dogecoin

Can

Starting price: $ 0.3375

Ending price: $ 0.3258

Maximum price: $ 0.7375

Dogecoin rose higher in May ahead of Musk’s appearance on Saturday Night Live, which aired live Comcast Corporation (NASDAQ: CMCSA) Unit NBC on May 8th. Musk told the world that Dogecoin would be featured during his appearance.

Trading platform eToro announced the inclusion of Dogecoin as one of several cryptocurrencies offered to users to buy, sell and hold.

Musk mentioned Dogecoin several times during his Saturday Night Live appearance. The coin traded higher before his gig and then started falling during and after the hosting gig.

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) announced plans to add Dogecoin as a tradable cryptocurrency over a period of six to eight weeks.

June

Starting price: $ 0.3257

Ending price: $ 0.2542

Maximum price: $ 0.4445

Coinbase added Dogecoin to its platform in June, with Coinbase Pro users gaining access on June 3rd.

Members of the Dogecoin community got their first glimpse of Dogepalooza, an event of entertainment, music and more for fans of the cryptocurrency. The conversation about Dogepalooza caught the attention of Musk, who said the event “sounds kind of funny”.

Dogecoin co-founder Billy Markus announced his “resignation” as CEO of Dogecoin, a label he received through a publication. Markus announced meme creator Greg as the new CEO of Dogecoin and Musk as the chief meme overlord.

The original Doge meme used for Dogecoin was on auction for $ 1,696.9. sold ether (CRYPTO: ETH) or around $ 4.06 million. Pleasrdao was announced as the winner of the meme sold as NFT.

Markus also made headlines in June when he announced that he had bought 2,500 Dogecoin, his first purchase of the meme coin since 2013. This came after Markus swore in 2013 that he would never buy crypto again.

July

Starting price: $ 0.2538

Final price: 0.2083

Maximum price: $ 0.2600

Robinhood Markets Inc (NASDAQ: HOOD) has submitted its prospectus for the IPO. The filing revealed that the cryptocurrency accounted for 17% of total sales in the first quarter. Dogecoin accounted for 34% of cryptocurrency transaction revenues in the first quarter, compared to 4% in the fourth quarter of 2020. Dogecoin was listed as a risk factor for the company, with the risk of lower demand for the meme crypto could hurt the potential prospects for Robinhood.

The team behind Dogepalooza announced with Benzinga that its first annual event would be held on Saturday, October 9, 2021 at Constellation Field in Sugar Land, Texas. The event would later be postponed due to the COVID-19 pandemic.

August

Starting price: 0.2077

Ending price: $ 0.2944

Maximum price: $ 0.3509

Mark Cuban announced on Twitter that he owns $ 494 worth of Dogecoin. The dollar number is equivalent to about 1,470 Dogecoins owned by Cubans.

Cuban also used Dogecoin as an advertisement for the Mavericks called Dogemania. The promotion gave anyone who has used Dogecoin to spend more than $ 150 on the Mavericks online store a free $ 25 e-gift card.

September

Starting price: $ 0.2780

Final price: 0.2042

Maximum price: $ 0.3197

Pleasrdao announced the split of the Doge meme in September, which caused the total value of the NFT to skyrocket.

CEO of AMC Entertainment Adam Aron went to Twitter to ask the community if the cinema chain should accept Dogecoin for ticket purchases. The question came after AMC announced it would accept Bitcoin as payment for tickets and perks purchased online.

October

Starting price: 0.2044

Final price: $ 0.2802

Maximum price: $ 0.3388

The trend of large retailers accepting Dogecoin continued in October with the youth-focused fashion retailer Pacsun Announcing the possibility for customers to purchase Dogecoin and other cryptocurrencies via. to use BitPay.

AMC announced in October that it will allow customers to purchase dogecoin gift cards through a BitPay wallet. The news was well received by the Dogecoin community and showed that retailers continue to accept the cryptocurrency as a payment option.

November

Starting price: $ 0.2801

Ending price: $ 0.2147

Maximum price: $ 0.2896

Dogecoin fake management team got a boost in November when Markus announced Greg’s run as the fake CEO had run out. Musk has campaigned for his dog Floki to be named as the new CEO. The dog depicted on the Dogecoin meme, Kabosu, has been heralded as the new fake CEO of Dogecoin. Floki received the title of President of Dogecoin.

Large restaurant chain Burger King, a unit of Restaurant Brands International Inc (NYSE: QSR) announced a partnership with Robinhood to give away cryptocurrencies, including Dogecoin. With purchases of USD 5 or more, there was a chance of winning Dogecoin, Ethereum, or Bitcoin.

Kabosu, the dog on which Dogecoin is based, celebrated its 16th birthday on November 2nd, 2021. The dog was saved from being euthanized thanks to the rescue in an animal shelter by a Japanese kindergarten teacher.

December

Starting price: $ 0.2144

Final price: TBD

Maximum price: $ 0.2230

Dogecoin saw a slight spike in early December thanks to a tweet from Musk who said “Dooooge” on Twitter in response to a story about Ethereum.

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

An analysis of Google Trends data from Alphabet Inc. found that Dogecoin was the most searched for cryptocurrencies in 23 of the 50 states. Bitcoin was ranked second as a top search in 10 states, and Ethereum was ranked third as a top search in eight states.

Dogepalooza announced its new date for 2022 with Benzinga in December. It will now take place on April 23, 2022 at the original location, Constellation Field in Sugar Land, Texas. The ticket prices for the 2022 event have also been reduced.

See also: Gasoline gas top 5 articles for 2021 – or “Who let the dog out?”

Photo: Executium via Unsplash

Comments are closed.