One of the most captivating narratives in the cryptocurrency space during 2021 was the unprecedented rise of Dogecoin (DOGE). What began as a lighthearted meme coin evolved into a cultural phenomenon, fueled by celebrity endorsements, viral social media trends, and mainstream adoption.
Below, we explore Dogecoin’s monthly milestones, price movements, and defining moments throughout 2021.
January
- Start Price: $0.0047
- End Price: $0.0349
- High Price: $0.0779
Dogecoin kicked off 2021 priced under $0.01. The Reddit community r/SatoshiStreetBets spearheaded an early rally, inspired by the GameStop GME and AMC AMC short squeezes. A pivotal moment came when Elon Musk tweeted his support, propelling DOGE to become the most-mentioned cryptocurrency on Twitter, surpassing Bitcoin BTC. The month closed with a quirky boost from Carole Baskin of Tiger King fame, who humorously endorsed the coin via a fan-sponsored Cameo.
👉 Discover how Dogecoin gained its cult following
February
- Start Price: $0.0370
- End Price: $0.0480
- High Price: $0.0849
Musk doubled down on his Dogecoin advocacy, dubbing it the “people’s crypto.” Searches for “How to pronounce Dogecoin?” surged on Google, reflecting growing public curiosity. Co-founder Billy Markus expressed amusement at DOGE’s unexpected cultural impact, admitting he never anticipated its popularity when he created the coin as a joke in 2013.
March
- Start Price: $0.0480
- End Price: $0.0536
- High Price: $0.0606
Mark Cuban, billionaire owner of the Dallas Mavericks, emerged as a vocal supporter, announcing that the team would accept DOGE for tickets and merchandise. Meanwhile, NASCAR driver Stefan Parsons showcased Dogecoin on his race car, further embedding the coin in pop culture.
April
- Start Price: $0.0536
- End Price: $0.3929
- High Price: $0.4377
April marked Dogecoin’s breakout month. Musk’s April Fool’s tweet about SpaceX sending a DOGE to the moon ignited a 30% price surge. Slim Jim leveraged Doge memes to amplify its social media presence, while Mark Cuban reported a 550% monthly increase in Mavericks merchandise sales via DOGE. The hype peaked on Doge Day (April 20), though the coin fell short of its $1 target.
May
- Start Price: $0.3375
- End Price: $0.3258
- High Price: $0.7375
Musk’s SNL hosting debut on May 8 dominated the narrative. Leading up to the show, DOGE hit an all-time high of $0.7375, but plummeted afterward as his jokes about it being a “hustle” spooked investors. Despite the dip, Coinbase announced plans to list DOGE, signaling growing institutional acceptance.
June–December Highlights
- June: Coinbase Pro added DOGE trading; the original Doge meme NFT sold for $4 million.
- July: Robinhood revealed Dogecoin accounted for 34% of its crypto revenue.
- August: Cuban disclosed owning 1,470 DOGE ($494).
- September: AMC’s CEO polled followers about accepting DOGE.
- October: Pacsun and AMC began accepting DOGE payments.
- November: Burger King launched a crypto reward campaign featuring DOGE.
- December: Dogecoin celebrated its 8th birthday and remained a top-trending cryptocurrency.
👉 Learn why Dogecoin remains a pop-crypto staple
FAQ
1. Why did Dogecoin surge in 2021?
A combination of Elon Musk’s tweets, Reddit-driven hype, and retail investor enthusiasm drove DOGE’s rise.
2. Which companies accepted Dogecoin?
The Dallas Mavericks, AMC, Pacsun, and Burger King integrated DOGE payments.
3. Will Dogecoin reach $1?
While community optimism persists, market volatility and adoption rates will determine its long-term price potential.
Dogecoin’s 2021 journey proved that memes can move markets. Whether DOGE sustains its relevance or fades into nostalgia, its impact on crypto culture is undeniable.
For more crypto insights, explore our in-depth guides.
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