Can December $DOGE 12 welcome a super rebound? Historical trends spark market discussion!
This December, DOGE may once again stage a seasonal price surge, attracting many traders who are looking forward to a "Santa Claus rally." Simply put, everyone hopes that the market will give Dogecoin a big rise during the end of the year and the beginning of the new year.
There are reports that after a previous surge, Dogecoin's target is aimed at the 1 dollar mark. A friend from the community even stated that if Dogecoin can reach 1 dollar before December 3rd, he will gift 5000 dollars worth of Dogecoin to a lucky fan who interacts with him, which is truly enticing.
Historically, Dogecoin has indeed had some impressive performances in December, such as more than tripling in 2017 and rising over 30% in 2020. However, it's not always so strong; last year it dropped by more than 30%, making it quite unpredictable. Therefore, although Dogecoin has started to rise again recently, traders still need to be cautious and not too optimistic.
However, Dogecoin still has many fans, as it is still far from its historical high, with the price around 0.42 dollars. Everyone hopes to see Dogecoin bring some joy during the Christmas season.
It must be said that Dogecoin's performance in November was indeed impressive, more than doubling, which has made people full of expectations for its upcoming trends. So far, Dogecoin's price has risen to around 0.45 dollars, increasing by more than 6% in one day and more than 6% in a week, which is truly enticing the more you look at it.
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