Fintech

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

Monday 10 May 2021 at 12:25

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.