🔥💥Dogecoin Will Lead the Meme Coin Bull Run This May
While the cryptocurrency market in general is showing an upward trend after a long decline, most Dogecoin wallets are seeing profits for the first time in a long time. The price of #DOGE is gradually rising and has reached the limit of $ 0.16, on Monday it also rose to $ 0.17. The coin has not seen levels above $ 0.20 for almost a month, but recent indicators indicate that the asset may be on the rise again.
Despite the decline, Dogecoin remains the largest meme coin asset by market capitalization with $22.43 billion. As the leading asset, DOGE was one of the biggest decliners in the meme Sunday, so he could be one of the biggest climbers along with BONK and PEPE in an upswing. The last two meme coins are the only coins that remain in green color within the first seven during this decline period.
Dogecoin's 16.55% rise last week is a strong indication that the asset could lead the meme-coin bull run this May. The biggest question surrounding the coin at the moment is not whether it will recover, because it is currently doing so. Instead, investors are wondering how long DOGE will be able to maintain this current momentum.
The expectations of the Dogecoin community are as high as ever, and it is optimistic that DOGE will continue to rise in the short term. Its peak is open for discussion, and some analysts predict that the DOGE will soon rise as high as $ 0.50. However, in order to achieve such achievements, the coin will need to demonstrate consistent fundamentals and high volatility to overcome certain resistance barriers. The next step for DOGE will be to go above $0.20, and if he does, the rest of May will be quite bullish for Dogecoin.
