Popular Dogecoin (DOGE) influencer and YouTuber Matt Wallace has placed a big bet on the meme coin, promising to delete his YouTube channel if DOGE doesn’t reach $1 by the end of the year.
Wallace Bets on $1 DOGE Before End of 2022
Matt Wallace, the Dogecoin influencer who runs the popular YouTube channel Final Stand, solely dedicated to covering the crypto, has placed a big bet on the price of DOGE hitting $1 before the end of 2022.
Wallace promised to delete his YouTube channel, one of Dogecoin’s largest communities on the internet, if the meme coin failed to hit the $1 mark. He tweeted;
Tweet
I am so confident #Dogecoin will pass $1 by the end of the year, that I will delete my YouTube channel if it does not.
Wallace started creating YouTube videos for Dogecoin in March 2018 and has amassed over 248,000 subscribers and 36.7 million views in the period.
Chances of Dogecoin Hitting $1
Dogecoin currently trades at $0.5808 despite opening the year at $0.17. Although the massive decline is not unique to DOGE, the memecoin would need to gain roughly 1,750% to hit the $1 mark by December.
Although Dogecoin appears to be miles away from Wallace’s prediction, Dogechain has launched its testnet to evolve the utility of Dogecoin and bring dApps and DeFi to the community.
The now-defunct Terra gained more than 10,000% as its dApp and DeFi ecosystem picked up traction in 2021. While there is a chance of DOGE at $1, it looks extremely slim given the current state of the crypto market.
