Post
Topic
Board Altcoin Discussion
Re: Dogecoin (DOGE)
by
Essential10
on 27/01/2024, 12:13:56 UTC
Is DOGE Coin's Rise a Sign of the Future of Cryptocurrencies, or a Fleeting Internet Meme Phenomenon?
Dogecoin isn't being talked about much anymore. At one time Dogecoin was a meme coin but due to the efforts of Elon Musk Dogecoin was pumped to a high of $0.78. Currently this Dogecoin is standing at $0.796 but it cannot be said for sure whether the price will increase in the future. However, although many people have made many predictions about this Dogecoin, I am not making any predictions about this Dogecoin.
Although Dogecoin was launched ten years ago, it is still alive in the market. Doge reached its ATH of $0.74 two years ago due to celebrity hype. But in just two years the current ATH price has gone down as much as 88 percent, dogecoin market price $0.073 today. It is only my guess that many memecoins or altcoins including Doge Coin will increase in value in the upcoming bullrun after Bitcoin Halving this year. Maybe events like Halbing will pump it up a bit but I don't think he will reach his previous ATH.