With the price of Dogecoin (DOGE) declining and on track to test its recent lows, its investors are turning their attention to the initial offering (ICO) of a new Bitcoin-inspired coin, 99Bitcoins (99BTC), whose price some expect to rise 10-fold.

DOGE was recently trading at $0.14, down nearly 4% on the day, so the market's leading meme coin has fallen about 20% from its highs in late May at $0.175, but Dogecoin is still considered a great bet for those looking to make gains. It doubles or triples during this bull market.

However, in the foreseeable future, the possibility of it retesting its recent lowest levels at $0.12 seems stronger than the possibility of its price rising, especially after it formed on its price chart a bearish flag pattern in recent weeks, which means the possibility of the price breaching this pattern downward to fall below the $0.10 level.

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