Dogecoin DOGE/USD is by far one of the most popular and influential cryptocurrencies that started off its existence as a “meme token.”

Over time, cryptocurrency enthusiasts saw its value and now use it for everyday transfers of value, such as online shopping or for tipping content creators through a variety of different platforms. 

On January 18, we covered how Dogecoin’s developer, Billy Markus, took a jab at Web3 again.

The CEO of Tesla and SpaceX, Elon Musk, shared a tweet on January 20, 2022, where he showcased a “meme” inspired by the movie Interstellar, which is Christopher Nolan’s epic science fiction movie.

This meme is a reference to the instances where we saw extreme gravitational time dilation depicted in the movie. 

This time dilation concept, which is central to the plot of the movie, became a source of jokes within the crypto community due to the fact that cryptocurrencies can be quite volatile.

Specifically, throughout 2021, Dogecoin gained 19,090% within the span of three months.

This, in turn, sparked interest surrounding the DOGE token, which led to it increasing in value.

On January 20, Dogecoin (DOGE) had a value of $0.16445.

To get a better perspective as to what kind of value point this is for the DOGE token, we will be going over it’s all-time high value alongside the performance the token showcased throughout the previous month of December.

The all-time high value of the DOGE token occurred on May 8, 2021, when the token reached a value of $0.731578.

When we go over the performance of the token throughout the previous month, we can see that on December 2, the token had its highest value at $0.2224.

Its lowest value, however, was on December 13, when the token had a value of $0.1553. This marks a decrease in value of $0.0671 or by 30%.

However, from December 13 to January 20, the token saw an increase in value of 145% or by $0.09735.

With that in mind, we can expect DOGE to reach $0.20 by the end of January 2022, making it a solid token to buy.

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