$DOGE today: Will it maintain its heat?
Current price: $0.2254
Previous peak price: ~$0.73 (May 2021)
Percentage drop from peak: -69%
Dogecoin continues to be one of the most prominent meme coins in the market. Although it no longer experiences the shocking increases like in the early days, DOGE still maintains a high trading volume and a strong loyal community.
What is attracting investors?
The continuous support from Elon Musk, although he is "teasing" less, remains an important psychological driver.
Dogecoin is accepted for payments at some stores and online services.
The FOMO mentality from meme coin rallies has never disappeared.
Price expectations:
Short term: $0.24 - $0.26
Medium term: If it exceeds $0.30, the upward trend could clearly return.
Long term: Need to monitor macro factors and the flow of money into meme coins.
Risks:
DOGE is still heavily dependent on market sentiment and news.
It does not have superior technological fundamentals like many new altcoins.
Disclaimer: This article is not investment advice. Always DYOR (do your own research) before making decisions.