Skip to main content

Dogecoin Maybe Worth More Than $1 At The End Of 2021

By

Oddsmakers Have Grown More Confident in Bitcoin and Dogecoin Following Surge-filled Week Q1 2021 hedge fund letters, conferences and more Dogecoin Maybe Worth More Than $1 Copenhagen – April 16, 2021 – Dogecoin currently has 5/1 odds (16.7% implied probability) to be worth more than $1 at the end of 2021, according to betting aggregators […]



 Oddsmakers Have Grown More Confident in Bitcoin and Dogecoin Following Surge-filled Week

Q1 2021 hedge fund letters, conferences and more

Dogecoin Maybe Worth More Than $1

Copenhagen – April 16, 2021 – Dogecoin currently has 5/1 odds (16.7% implied probability) to be worth more than $1 at the end of 2021, according to betting aggregators US-Bookies.com (See Disclaimer Below). This is a significant improvement from earlier this month, when it had 33/1 odds (2.9%) to do so.

“Following Elon Musk's latest tweet, the odds of Dogecoin hitting the landmark value of one dollar have fallen significantly,” says a US-Bookies spokesperson. “Not so long ago, the prospect that the currency would be worth any more than a few cents seemed remote, but momentum is building and another surge - even as soon as this month - cannot be ruled out.”

Dogecoin also has 16/1 odds (5.9% implied probability) to reach $1 by the end of April. Oddsmakers are currently placing 10/1 odds (9.1%) on Elon Musk allowing Teslas to be purchased with Dogecoin this year.

Big Price Increases Expected For Bitcoin

Bitcoin is also likely to see big price increases, according to the oddsmakers. Bitcoin’s odds of reaching $100,000 this year improved slightly from 5/4 (44.4% implied probability) to 11/10 (47.6%) since the beginning of the month. Its odds of hitting $200,000 also improved from 16/1 (5.9%) to 12/1 (7.7%) during this time. Bookies now also list Bitcoin as 33/1 (2.9%) to eclipse $400,000, and 66/1 (1.5%) to reach $1 million.

“The cryptocurrency market has been quite the interesting sight as of late, and that’s mostly thanks to Bitcoin’s incredible rises, which have led bookies to grow quite confident that it will continue to take off,” says a US-Bookies spokesperson. “However, the volatility is noted, as oddsmakers also give Bitcoin 4/1 odds to fall to $10,000 in 2021.”

Odds that Bitcoin Reaches the Following Prices in 2021 (parentheses indicate odds on April 6):

  • $100,000: 11/10 (5/4)
  • $200,000: 12/1 (16/1)
  • $400,000: 33/1
  • $1,000,000: 66/1
  • Fall to $10,000: 4/1
  • Fall to $1,000: 250/1

Dogecoin Odds (parentheses indicate odds on April 6):

  • To be worth more than $1 at end of 2021: 5/1 (33/1)
  • To be worth less than 1¢ at end of 2021: 20/1 (16/1)
  • To be worth more than Bitcoin at any point this year: 1000/1
  • Elon Musk to allow Tesla to be bought with Dogecoin this year: 10/1
  • Dogecoin to reach $1 by April 30: 16/1

Disclaimer: The odds posted in this article are for illustrative purposes only, as wagering on such props is not currently legal in any U.S. state. The data was based on betting markets offered by UK/European/worldwide operators regulated in jurisdictions where wagering on these props is legal.

About US-Bookies.com

US-Bookies.com is the first comprehensive betting web portal in the United States, developed by one of the world’s most successful iGaming companies with the goal of providing betting intelligence to gamblers. It is designed to be a single point of access for information on wagering, offering data, odds, and authorized legal online bookmakers. The site provides a library of data-driven content that offers intelligence, so visitors can make informed gaming decisions. US-Bookies.com represents the first foray into the United States for Better Collective, one of the premier online gaming companies in Europe. Better Collective has similar portals in 35 different countries throughout the world. Another unique and invaluable aspect to US-Bookies.com is that it provides a state-by-state listing of all legal online bookmakers, which provides gamblers with a central resource to determine which websites are authorized to offer online betting in respective states.

Comments

Post a Comment

Popular posts from this blog

Tom Selleck is tortured daily because of his long-term disease, his friends say

By
If rumors are to be believed, fans of the 'man behind the mustache' might have considerable cause for alarm over the actor's health. Several articles have recently made the rounds, all with the same premise: Hollywood heartthrob, Tom Selleck is facing rapidly declining health as he suffers from a debilitating bout of arthritis. One such source to lay claim to Selleck's failing health is Ghanamma.com, whose information is supported by The Nation, an online newspaper. Both sources state that Selleck's arthritis is becoming increasingly painful and hindering, to the point where he can no longer do his own stunts. More than that, however, the publications reported that Selleck uses a stunt double not only for demanding, challenging scenes, but also for the more trivial, mundane tasks, such as simply climbing out of his police vehicle on set while filming Blue Bloods. Some days are worse than others for the former action star, unnamed sources said, claiming tha...
25 comments
Read more

Dogecoin surges 30% to a record above 50 cents as speculative crypto trading continues

By
  Dogecoin , the cryptocurrency based off a viral dog meme from nearly a decade ago, surged 30% on Tuesday to set a new record high at more than 50 cents per coin. The cryptocurrency was trading at about 54 cents, according to data from Coin Metrics. Dogecoin rose to roughly 40 cents per coin last month before falling sharply for several days after the calendar turned to April 20, a date widely celebrated as a marijuana-themed holiday. Dogecoin was started as a joke in 2013 amid a boom in early cryptocurrencies. It was based on a popular internet meme at the time that featured a Shiba Inu dog and cartoon-style text over the image. Its rise in recent months has been highlighted by many as a sign of froth and speculation in the financial markets, particularly among younger investors who started trading during the pandemic. The coin has been boosted in recent weeks by billionaires Elon Musk and Mark Cuban , who have both mentioned Dogecoin on Twitter multiple times. Cuba...
12 comments
Read more

Investing In eCash (XEC) – Everything You Need to Know

By
 The eCash (XEC) project builds on the success of Bitcoin Cash and expands on its mission to provide the world with a more secure P2P electronic cash system . Notably, the developers took the valuable lessons learned from Bitcoin Cash and incorporated the solutions into eCash. As such, the protocol is more flexible, secure, and scalable than its predecessor. What Problems Does eCash (XEC) Attempt to Fix? There are a lot of problems that eCash seeks to do reduce in the market. For one, the project was designed to help alleviate investor confusion. Projects like Bitcoin can throw users off due to its abnormal format and unique technical structure. There are new terms and symbols that all add to the technical barriers to adoption. Recognizing these issues as hurdles, eCash’s developers decided to stick with a 2-decimal layout that mimics fiat currency. ecash (XEC) -Twitter Hard Forks Hard forks are another vital issue that eCash eliminates. Anyone who remembers the birth...
1 comment
Read more