#DOGE看涨情绪飙升 Friends holding Dogecoin must be the happiest these days. Looking at this period, the positive news in the cryptocurrency circle has been continuous, first with the US interest rate cut in October, then Trump's victory in the presidential election, and the recent interest rate cut, plus Musk's continuous advocacy for Dogecoin, undoubtedly increasing market enthusiasm and inflow of funds into the cryptocurrency circle. Bitcoin has broken 80,000, and even Ethereum, which has been criticized the most, has performed well. But the one with the largest rise and the highest impact is undoubtedly Dogecoin.
Today is November 11th, and Dogecoin has reached a new high since 2021, reaching 0.303 USD. It's worth noting that a month ago, on October 11th, the price of Doge was only around 0.105 USD, a terrifying increase of 190% in just one month. In the cryptocurrency circle, there are not many that can achieve such an increase.
Doge, due to its memorable name and lower price, is a digital currency that many friends in the cryptocurrency circle are enthusiastic about. Of course, it can also be considered the leader of the meme world and the Bitcoin of altcoins.
The cryptocurrency circle is so magical, a coin that mocks Bitcoin, directly copying Bitcoin's code and making minor changes, and many letters of BTC in the code were not even changed before being released.
This is such an experimental coin, created just to see if it would disappear and go to zero, that after surviving the test of time, it has ended up under Musk's endorsement, spawning a bunch of Shiba Inu dogs, and becoming the meme king with a market value of 28 billion USD, ranking eighth among over 30,000 cryptocurrencies.
Dogecoin was born on December 12, 2013, authored by an Australian branding and marketing expert, Jackson Palmer, and an American programmer from Portland, Oregon, Palmer.
Dogecoin has its own core culture, a good cultural background - tipping culture, a good humanistic background - charitable culture, and a good popularity prospect - grassroots culture. Dogecoin mined 100 billion in its first year, and then 5 billion every year, with no upper limit.
The highest point of Dogecoin was 0.73995 USD in May 2021. A year later in May, it dropped to a low of 0.0689 USD, a drop of over 9000%. I believe many friends also bought Dogecoin near the highest point and got stuck. So, is there still a possibility to return to 0.73? Will it break 1 USD?
Maybe before, you might not even believe that Dogecoin could return to 1 USD, but now it seems that returning to 1 USD is not impossible. Because the bull market may have just begun. After Bitcoin strongly breaks new highs, Ethereum starts to rise. In another sense, except for Bitcoin, everything else is considered an altcoin. Based on previous trends and situations, it's always been Bitcoin first, then Ethereum.
On May 26th, Bitcoin is 67000 USD, ETH is 3800 USD.
On July 30th, Bitcoin is 67000 USD, ETH is 3200 USD.
On September 28th, Bitcoin is 67000 USD, ETH is 2600 USD.
On October 27th, Bitcoin is 67000 USD, ETH is 2500 USD.
Next, Ethereum is very likely to break through 4000 in a short time. At that time, all altcoins led by ETH will surge. When altcoins rise, that is when the real bull market arrives!
Of course, Dogecoin can maintain its long-term strength, which can also be attributed to its strong backing, Elon Musk. Musk's influence on Trump may push the cryptocurrency market into a bullish phase. This move could lead to a strong rise in Bitcoin and Dogecoin, and other altcoins may follow suit. Musk will continue to advocate for Dogecoin, and the higher Dogecoin rises and the more popular it becomes, the more Musk's net worth will increase!
Some institutions and analysts mentioned that Dogecoin could reach 4 USD. I think that's not reliable, after all, Dogecoin has unlimited issuance, and the number of Dogecoins and holders is huge. If Dogecoin really rises to 4 USD, how many millionaires, multi-millionaires, and even billionaires will be created in the world?
In previous articles, I have mentioned multiple times that 0.1 and 0.2 are very good entry points. Now at 0.3, I still have a positive outlook on Dogecoin, and I believe it still has investment value and entry opportunities.
Investing always comes with risks. If you want to reduce risks, you might as well follow the blogger's namesake public account and Weibo to communicate and discuss together! I am Brother Lei, code name Stable! Focused on the cryptocurrency circle for seven years. Deeply researching primary projects and secondary markets. Learn more about quality primary project information and secondary trading point recommendations. Just to ensure your investment in the cryptocurrency circle!
