With interest in Dogecoin skyrocketing, fueled by speculation that Elon Musk will partake in a skit involving the cryptocurrency on Saturday Night Live (SNL), below is a commentary from Jesse Cohen, senior analyst at Investing.com.
Predictions For Dogecoin Ahead Of SNL And Beyond
"We see a greater likelihood that Dogecoin will reach the $1-mark in the coming days, with probability rising for DOGE to rally to as high as $5 later in 2021 amid soaring social media interest.
What does value investing really mean? Q1 2021 hedge fund letters, conferences and more Some investors might argue value investing means buying stocks trading at a discount to net asset value or book value. This is the sort of value investing Benjamin Graham pioneered in the early 1920s and 1930s. Other investors might argue value Read More
"Dogecoin mania has shown once again the power of the retail crowd. Growing acceptance by retail traders and mounting support from high-profile billionaires will continue to add to the legitimacy of the meme cryptocurrency.
"With Alt-Season approaching, we expect money to flow out of the expensive large-cap coins and into the smaller alt-coins still trading in the single-digits."