$DOGE recently became extremely popular, especially after those whales bought 550 million coins in one go, spending over 200 million dollars, which caught the attention of investors all over the world. This wave of operations has added a lot of confidence to the future of Dogecoin.
The rapid rise of Dogecoin is not just due to a favorable market trend, but more importantly, the story behind it. For example, this big shot, Elon Musk, has brought a lot of attention to Dogecoin with some of his actions. He created a role for the "DOGE" Government Efficiency Department and even made a podcast called "Dogecast" with another person, making Dogecoin a hot topic.
Let’s talk about those wealthy individuals; they are not just buying casually, they really believe in Dogecoin. They see potential in Dogecoin as a payment tool, as well as in its ecosystem. Therefore, their massive purchases have also put a lot of pressure on the market, causing the price of Dogecoin to rise.
Now everyone is guessing whether Dogecoin can rise another 9000%. No one dares to say for sure, but looking at historical data, Dogecoin has had similar large rises and falls before. So, if it really can rise this much, it might have to go through several major corrections in between, just like before.
That said, Dogecoin's recent performance is indeed quite tempting, having risen 173% in just a month. Although the price is a bit volatile, investors are still full of expectations for it.
Recently, I plan to lay low with a potential coin that is ready to explode; doubling is quite simple, and I am also looking for some potential coins to hold until the end of the year, with an expected growth of over 10 times being no problem, but spots are limited! If you want to keep up, please like and comment.
