Will Dogecoin Price Continue to Rise?

Dogecoin is a digital asset that was launched in 2014 as a not-for-profit foundation. Recently, its price is trading around $0.08207, with a market capitalization of over $10.9 billion and a circulating supply of 132.6 billion DOGE. Over the last 7 days, Dogecoin has seen a drop of 5.06% in its price, while over the last month, it has seen a fall of 5.19%. The coin was inspired by an internet dog meme, and its success can be attributed to Elon Musk, who mentioned the coin on Twitter in 2021. Dogecoin can be mined using a normal computer or laptop, and its maximum supply is not capped. The coin’s all-time high was achieved during the second quarter of 2021, trading at around $0.7386. For 2023, the coin is predicted to range between $0.092 to $0.10. As the coin is heavily influenced by social media frenzy, investors should be cautious when investing and consider alternatives that have more potential upsides.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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