Dogecoin DOGE price is now at critical point, where to go next ?
Updated
Today we'll talk about "the first of the memecoin family" - #Dogecoin
The first thing I remembered is an article in January 2018 with the creator of
DOGE, where he said that he was shocked that the capitalization of the coin he created as a joke in 2014 reached a capitalization of $2 billion.
Moreover, in 2017, we personally often used Doge to transfer funds, because transactions took 5 minutes for a ridiculous fee. Now it's the norm, but in 2017, ERC-20 transactions were popular for $15-20 commission, but the transaction could take from a couple of hours to a couple of days, could easily get lost, and you had to write to the exchange support: where is the money?) That's a little nostalgia to make the oldies shed a tear :)
In 2021, when a "pro at manipulating and pumping projects" got involved, Dogecoin's capitalization reached 90 billion and at the same time Doge had a "large community of holders" who bought at the highs.
And as a result, they have been sitting in a drawdown for 3 years...
But!!! There is a ray of hope and a chance that the price of #DOGEUSDT will reach $0.41
Not soon, and before that, there is still a chance to correct to $0.1, because now the DOGEUSD price has stuck to a strong mirror level, which is difficult to break through at first.
By the way, we wrote publicly in mid-2023 about Doge that "someone buying it" and its pump still coming, with a forecast for a pump in Q2 2024 :) Read it if you are interested.
https://www.tradingview.com/chart/DOGEUSDT/uH56pWiC-DOGECOIN-DOGE-price-shoots-rarely-but-accurately/
Since then, the price of Doge has made a good x3.
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The first thing I remembered is an article in January 2018 with the creator of
DOGE, where he said that he was shocked that the capitalization of the coin he created as a joke in 2014 reached a capitalization of $2 billion.Moreover, in 2017, we personally often used Doge to transfer funds, because transactions took 5 minutes for a ridiculous fee. Now it's the norm, but in 2017, ERC-20 transactions were popular for $15-20 commission, but the transaction could take from a couple of hours to a couple of days, could easily get lost, and you had to write to the exchange support: where is the money?) That's a little nostalgia to make the oldies shed a tear :)
In 2021, when a "pro at manipulating and pumping projects" got involved, Dogecoin's capitalization reached 90 billion and at the same time Doge had a "large community of holders" who bought at the highs.
And as a result, they have been sitting in a drawdown for 3 years...
But!!! There is a ray of hope and a chance that the price of #DOGEUSDT will reach $0.41
Not soon, and before that, there is still a chance to correct to $0.1, because now the DOGEUSD price has stuck to a strong mirror level, which is difficult to break through at first.
By the way, we wrote publicly in mid-2023 about Doge that "someone buying it" and its pump still coming, with a forecast for a pump in Q2 2024 :) Read it if you are interested.
https://www.tradingview.com/chart/DOGEUSDT/uH56pWiC-DOGECOIN-DOGE-price-shoots-rarely-but-accurately/
Since then, the price of Doge has made a good x3.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
Did you manage to buy DOGE while it was cheap?
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