The current fall of Doge. Where will it go this time?

By j0key | j0keys doge and cryptos | 11 May 2021


It's not a surprise that the price of Dogecoin was toned down by Elon Musk's appearance on SNL. As of currently, the price has been reduced as much as -25%. Even so, Dogecoin has increased by more than 20,000% in just six months! The crypto market as of now is experiencing a noticeable downtrend. Popular cryptocurrencies such as Bitcoin and Ethereum are also experiencing this significant downtrend along with Dogecoin and many other cryptos, with Dogecoin dropping from 0.74 all the way to around 0.45 - 0.40 cents.


What will happen to Dogecoin?

Dogecoin is experiencing bearish as of now. However, Forbes predicts that Doge has a 40% chance of reaching that 1$ dream. When SNL hits, the price of Dogecoin went up to 0.74 before plummeting down to around 0.45 as of now. So, the question remains. Will Dogecoin reach that 1$ dream? The answer?

Yes!

This is further backed up by the fact that the Dogecoin whales, the individuals who has the majority of all the Dogecoins have recently bought more of it. The price of Dogecoin is predicted to rise to about 1.25$ in 2 weeks time. 


Conclusion

Hold your Dogecoins as of now, even if you have experienced some loss like I have. Its price will increase in due time and we shall wait to see that day come to fruition. 

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j0key
j0key

Let's see what the world will become


j0keys doge and cryptos
j0keys doge and cryptos

Contains crypto discussions (i.e BTC, ETH, etc) while mostly focusing on the now trending crypto of all time, Dogecoin!

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