DOGE: Can it replicate a 30,000% insane increase?
Do you remember the madness of Dogecoin in 2021? At that time, it soared, directly increasing by 30,000%, instantly doubling the pocket money of many people! Now, everyone is guessing whether this cryptocurrency named after a dog is about to start its crazy journey again.
Look at this price trend
Dogecoin is currently selling at $0.4075. Although it only rose by 1% yesterday, this steady upward momentum seems to be preparing for a bigger explosion. In the past year, it has increased by 320%, truly impressive!
Are people buying it?
Retail investors have been quietly increasing their holdings, buying 40 million Dogecoins from November until now. However, those big investors, known as 'whales,' have sold 290 million coins. Who is playing smarter? Well, only time will tell us. But in the world of cryptocurrency, there are plenty of stories where small investors come out on top.
What will happen to Dogecoin next?
$0.5: This is the first hurdle of the bull market. $0.6: If the momentum is stronger, this milestone will definitely be reached. $0.73: This is Dogecoin's historical high, and now it is back in everyone's sights. $1: This is a big dream; reaching this point would truly be legendary.
However, the market is not always this optimistic. If a bear market comes, Dogecoin could fall below $0.4. But don’t forget, Dogecoin is a master of rebounds—never underestimate it!
Will history repeat itself?
To be honest, no one can predict when the next 30,000% increase will come. But one thing is certain: Dogecoin always arouses people's curiosity and 'fear of missing out.' Whether you are a long-term holder or a beginner, if you miss this opportunity, you might always be thinking, 'I wish I had bought it back then!'
If you currently feel helpless and confused about trading, want to learn more about the cryptocurrency world and get first-hand cutting-edge information, click on my profile and follow me. $DOGE #BTC