So we all remember the time when dogecoin first came out, it was such a hyped-up altcoin, and everybody was excited about it. People start investing into the coin, and then it ends up sky rocketing! Who here was one of the people who invested into dogecoin while it was around the 60 cent mark, and wanted it to go up even higher, but then ended up losing a ton of money? Well I’m one of those people, and currently, dogecoin seems to be doomed, and I haven’t seen it get past the 10 cent mark in so long, and doubt that it will anytime soon. Coin doesn’t seem to be going anywhere, so for that could we get an RIP dogecoin in the chat? 😢🙏
Elon musk was the the reason behind the massive push. I think he is the only one who has the influence to make it push so high like before. It will be very difficult for Doge coin to hit 60cents which you think. Is either more investors troop in or or an influencer like Elon musk influences it to hit it ATH again.
Wee see the effect of Elon supporting this coin since it really create a massive hype since people can't imagine that the top one richest man on earth will show a support to a coin and many think that it can create some huge adoption just like what happen to bitcoin that's why it creates a huge spike of price and it reach to his past ATH which old Doge holder became so rich quickly. But unfortunately there are some Doge coin millionaire turn to be a broke Doge holder because they decide to be a greedy man and lost a lot of money due to a huge drop of price on this coin.
Since we can't see Elon Musk hyping this coin again then I also guess that for now we can't see a big changes for the price of Doge since it need a same like Elon Musk presence to hype this coin again.