Dogecoin (DOGE) has been one of the most popular digital assets of 2021. The cryptocurrency meme started the year at a price of roughly $ 0.04, and experienced a surprising rally that took it to $ 0.74 in just 5 months. It then collapsed and is currently trading at $ 0.30, but several specialists are confident that it will hit the dollar.
David Gokhshtein, CEO of Gokhshtein Media, recently suggested that DOGE will hit $ 1, the price target that Reddit investors and Elon Musk himself tried to reach earlier in the year when they massively popularized the cryptocurrency. Even at its current price, DOGE has stood out as one of the best performing assets so far this year (over 6,000%).
According to Gokhshtein’s point of view, DOGE is a sort of “market entry point” for new investors. Ultimately, he suggested that it will be up to small traders to push the asset price or not, as it already happened in the first part of the year.
While one of the main factors that drove the price of DOGE was the opinions of Elon Musk, the specialist also highlighted other more “serious” aspects of the cryptocurrency. Namely, the foray of the financial Robinhood in its trading or the growing adoption of altcoins in general.
On the other hand, Gokhshtein also talked about ether (ETH), the second largest cryptocurrency on the market. The expert noted that the Ethereum (EIP) 1559 update will contribute to its deflation and skyrocket its price. In particular, his prediction returns $ 14,000 per ETH by 2022.
Lastly, the CEO’s views also pointed to bitcoin (BTC). For Gokhshtein, BTC’s dominance in the market is not up for discussion, and he believes it may hit a new all-time high at $ 85K by the end of this year.