LIVEDogecoin ($DOGE ) often represents crypto market cycles well. Every 1100 days or so of correction from the previous peak, DOGE tends to increase in price.
This season, the community is wondering if Elon Musk will return to tweeting about DOGE. New memecoins like $PEPE and $WIF are emerging strongly and have the potential to dethrone DOGE. The current situation is quite ambiguous as prices have not increased clearly.
The current chart of DOGE is quite similar to the period when PEPE was flat almost a year before the price increase. The community doesn't seem to care much.
With the new memecoins, PEPE only needs to increase by x3 and WIF needs to increase by x8 to reach the same capitalization as DOGE now. This does not mean having to choose between PEPE and WIF versus DOGE. Portfolios can include PEPE, WIF, and DOGE for variety and fun.
My personal opinion is that DOGE will start to increase when a certain memecoin this season reaches a capitalization close to DOGE. At that time, DOGE will "love itself" and start running strongly.
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