Dogecoin launched in December 2013 as a Reddit joke coin. However, soon after launch, the coin went to the mainstream, attracting several use cases. Among its earliest uses include online tipping and charities.
Over the years, DOGE became one of the most significant crypto assets and the largest meme coin as of 2020. It reached the top 10 crypto assets by market cap. For many crypto users, Dogecoin is a household name. This guide explores the price changes of Doge in 2021 and what to expect in 2022.
DOGE Gained Over 3100% in 2021
Dogecoin performed exemplarily in 2021. It’s true to say that 2021 is the best year for DOGE since its launch. At the start of the year, DOGE was trading at $0.005685. By February, the coin hit $0.034 and later went to as high as $0.7376 in early May.
However, even though the prices of the coin surged, the bullish trend didn’t last for long. Over a month later, the coin had lost a large portion of its value. As of December 2021, the currency was trading around $0.18, losing over 70% of its all-time high recorded in May.