2024 is already halfway through, but DOGE, the popular online digital currency, is still unknown in the market. Its value continues to decline, and there is no sign of a sharp rise. However, we are still full of expectations for the future of DOGE!
It is undeniable that DOGE lacks appeal in the eyes of some people. For nine and a half years, the price trend has either fallen or stagnated. But looking back at history, DOGE has also been glorious, with an increase of more than 30,000% and a rebound of 6,000% from the low point!
So, what will be the future trend of DOGE? Can it achieve a potential breakthrough?
Historically, DOGE tends to rise significantly eight to nine months after Bitcoin halving. The most recent Bitcoin halving was just two months ago, so a major DOGE breakout could appear in December this year or early February next year!
Currently, the DOGE upward trend may turn around and the price may drop to 8 to 10 cents. This turning point also occurred before DOGE exploded into popularity and rose significantly in August 2020. At that time, the price fell by about 30% and then pulled back.
Despite the muted market reaction, DOGE still has the potential to achieve a major breakthrough and reach $1 or even $2! It has been keeping up with the market trends of the hot network coins, and looking back at past cycles also provides important clues.
Therefore, it is crucial to keep a close eye on the overall market and the meme coin sector! Whenever a meme becomes popular again, DOGE price will rise. If this trend continues, we can expect to see another big rise in DOGE!
