#ETHBreaks3700
The price of Dogecoin could enter a strong phase of volatility.
$DOGE 🐶🐶🐶🐶✨✨
If Dogecoin investors do not find a new catalyst to reactivate retail interest, they are likely to begin withdrawing. This could lead to a phase of high volatility, making the token a high-risk investment for those entering at the current level.
However, there is also the possibility that the rally gains a second wind, which would be favorable for investors. For now, the market shows signs of profit-taking, and the evolution of the coming days will be key to defining the trend.
From an optimistic viewpoint, it can be pointed out that the crypto ecosystem is just beginning its journey towards mass adoption. The conversion of GENIUS into law represents a first step towards the integration of stablecoins into the daily commerce of millions of people. For its part, CLARITY still requires Senate approval.
In summary, the race towards the massification of cryptocurrencies is advancing strongly. In this context, it can be said that the price of Dogecoin and other memecoins remains relatively low despite the recent spike. This statement is based on a comparison with the peaks reached at the beginning of the year, which are still approximately 40% away, according to MarketVector's memecoins index.