Dogecoin: Can it reproduce the crazy rise of 9720% in the past? Experts say it can!
#新币挖矿&盘前交易USUAL
The price of Dogecoin will rise again after falling. It is optimistic in the long term and needs to be observed.
Dogecoin has been very popular recently. Musk named the new department "Department of Government Efficiency (DOGE)". Dogecoin immediately rose like chicken blood. Bitcoin was not far behind and rushed to 90,000 US dollars in one breath. Dogecoin also benefited from it and slowly climbed to the historical high price.
Can Dogecoin be popular again?
Dogecoin used to rise terribly. Cryptocurrency expert Ali said that in 2017, Dogecoin first rose by 9720%, and then fell back to its original price. In 2021, this drama was played again, rising by 30,700%. Ali said that these ups and downs are the necessary path for Dogecoin to rise.
"In 2017, Dogecoin rose by 9,470%, and fell twice in the middle, 40% and 84%. In 2021, Dogecoin rose by 30,700% again, and fell twice, 46% and 53%."
Ali also said that the momentum of Dogecoin is the same now. As soon as Trump won the election, Dogecoin followed suit. The current price is $0.39, and it has risen by 8% in the past 24 hours.
Experts say that the rise and fall of Dogecoin are normal, so don't panic. These declines are part of Dogecoin's rise.
"Dogecoin seems to be starting to rise again. Remember, declines are also part of the process. Now it has fallen by 13%, don't be afraid; patience and confidence are the key to becoming a 'Dogecoin millionaire'."
Dogecoin price prediction in November 2024
According to CoinCodex data, Dogecoin may fall by 7%, and the price will fall to $0.35.
"According to current forecasts, by December 13, 2024, the price of Dogecoin may fall by 7.60% to $0.351329. Our technical indicators show that the current sentiment is very optimistic, with a greed index of 84 (extreme greed). Dogecoin has risen in 20 of the past 30 days (67%), and the price volatility is 32.95%. If you want to buy Dogecoin, now is a good time."
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