Probably just taking a rest, even though Elon Musk stop tweeting about Doge sometimes he still tweets it or probably add in his profile picture in Twitter. Right now the market are focusing on big coins such as Bitcoin and Ethereum that's why altcoin such as Dogecoin, DeFi and NFTs are left behind but for sure they will come back after the correction of the market.
One thing for sure is that crypto never gets old. Sometimes crypto gains all of the attention in the mainstream world, while sometimes it's left behind in the dust. It's like a roller coaster ride if you ask me. I've noticed that a year after each Bitcoin halving, there's a surge in demand for almost every cryptocurrency the market. That's where the hype comes in, benefitting early adopters in the process. You should buy when demand for crypto is low, and then sell it's all the other way around. Only then, you'll be able to secure as much profits as possible.
Back then, no one thought Dogecoin would reach almost $1 per coin. It was all a forgotten cryptocurrency used by a small number of people. After Elon Musk tweeted about Dogecoin and Bitcoin, the hype gained steam once more. With all crypto's been through, I wonder which coin will be "hyped" next?
