Each week, Benzinga conducts a survey to collect sentiment on what traders are most interested in, interested in or thinking about as they manage and build their personal portfolios.
This week we asked visitors to Benzinga the following question: By 2023, will Dogecoin reach $1?
For starters, Dogecoin was introduced as a joke in 2013 to help raise public awareness of the capabilities of blockchain technology. Although the Shiba Inu-based cryptocurrency was originally a joke, it gained momentum in 2021 thanks to its passionate online community.
People most familiar with Dogecoin over the past year know very well how cryptocurrency price action is related to celebrity influence, including but not limited to tweets from Tesla Corporation (NASDAQ: TSLA) CEO Elon Musk.
Here are the full results of this week’s poll:
- Yes, Dogecoin will reach $1 by 2023: 60.3%
- No, Dogecoin will not reach $1 by 2023: 39.7%
This sentiment study was conducted amid an active trading week that saw the cryptocurrency meme surge 20%.
As of press time, Dogecoin is trading at $0.1888, ranked as the 11th best cryptocurrency by market cap.
See also: Dogecoin Vs. Shiba Inu
This survey was conducted by Benzinga in January 2022 and included responses from a diverse group of adults 18 and older.
Participation in the survey was entirely voluntary, with no incentives offered to potential respondents. The study mirrors the findings of more than 1,000 adults.