Can Dogecoin (DOGE) welcome a big surge this Christmas in December $DOGE 12?
· Historical trends suggest that the rise at the beginning of December may indicate a significant Christmas surge, making DOGE the focus of the holiday.
· Although past performances in December have fluctuated, the recent momentum is strong, but traders still need to maintain their composure.
This December, Dogecoin (DOGE) might be on fire, and traders are hoping for a 'Christmas rebound' in the crypto market. As CNF mentioned before, after Dogecoin breaks the $1 barrier, the gains will be substantial.
Speaking of the Christmas rebound, it refers to the price increase in the last week of December and the first few days of January in the traditional financial market. A community leader also mentioned that if Dogecoin can reach $1 before December 3rd, he will reward a lucky winner who interacts with him a gift of $5000 in DOGE!
Historically, this kind of surge has a 76% probability of occurring, and everyone is guessing whether Dogecoin can keep up this time. Dogecoin's performance in December can sometimes be enviable with significant gains, while at other times, it can be painful with drops. For example, it rose by 337.5% in 2017, 32.4% in 2020, and 7.01% last year. However, in December 2022, it dropped by 34.7%, making this cryptocurrency quite unpredictable. Now traders are keeping a close watch to see if this small spark at the beginning of December can ignite.
Although no one can say for sure about the Christmas rebound, Dogecoin's historical trends and recent surges have made it a star coin of the holiday season this year. Dogecoin is still 75% away from its historical high, with a price around $0.42, and investors are hoping for some festive cheer.
In November, Dogecoin surged by 161.5%, and everyone is watching, hoping this momentum can continue. At the time of writing this article, Dogecoin's price on CoinMarketCap is $0.4525, with a daily increase of 6.48% and a weekly increase of 6.85%.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, where an expected return of over 10 times is not a problem. If you want to make big money in a bull market, like and leave a comment, and I'll take you through the entire bull market!
