In July, it is not recommended to buy Dogecoin!

Dogecoin is currently trading at around $0.12 on Tuesday, and those that were previously stuck at a high price have not yet been able to get out of the trap.

Musk launched a new payment system and did not use Dogecoin as a means of payment on Twitter.

Despite Tesla CEO Elon Musk talking about the meme coin on Twitter, DOGE has barely experienced a price surge this year. The meme currency surged in 2021, breaking the 1 cent mark and going all the way to $0.73. After hitting an all-time high in May 2021, DOGE fell relentlessly and never recovered its former glory. Even in this month of July 2024, DOGE barely saw a price surge, and the so-called mascot of DOGE died not long ago. There hasn't been much new hype in the community so far, and the market has favored new meme coins.

Following the Bitcoin halving event, Dogecoin briefly surpassed the $0.21 mark this year. After the event, DOGE fell, losing nearly 50% of its gains in the past three months. DOGE is not expected to perform much this year and may be at a disadvantage for a longer period of time.

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