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Odds shortening on dogecoin hitting $5, despite Elon Musk’s ‘hustle’ remark

Dogecoin’s fall in price did little to dampen its prospects for the rest of the year among punters

Elon Musk with his mother Maye hosting Saturday Night Live, when he admitted viewing dogecoin as a ‘hustle’
Elon Musk with his mother Maye hosting Saturday Night Live, when he admitted viewing dogecoin as a ‘hustle’ Photo: Will Heath/Getty Images

The likelihood of dogecoin surpassing $5 in value by the end of this year is increasing, jumping week-on-week despite a major fall in value over the weekend.

Dogecoin’s chances of being above $5 by the end of 2021 were at 29% on 10 May, according to betting odds from online trader Unikrn. This was up from a 17% chance a week earlier.

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