Dogecoin’s lengthy bear market began in 2021 when the price of the most popular memecoin on the market hit $0.73 courtesy to Elon Musk’s encouragement and the cryptocurrency industry’s overall bull run.
Unfortunately, because of a lack of use cases and underlying value, DOGE price swiftly fell following the market’s initial large-scale selling events from institutional investors and whales.
Despite Elon Musk’s infrequent tweets and interviews in which he mentions Dogecoin and says he would enable people to pay for Teslas with it, the Dogecoin decline has not halted.
Currently, DOGE is the 2nd largest PoW coin by market capitalization, just behind Bitcoin. The price correlation also doesn’t reflect much as its performance is worse than Shiba Inu (SHIB), its rival.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
This website uses cookies.