During Q4 of 2023, Dogecoin ($DOGE )experienced a notable double-digit increase in value.
Earlier in the year, the Dogecoin Foundation had taken steps to trademark the name "Dogecoin" with the aim of establishing it as a patented asset.
The application for trademark registration was submitted to the United States Patent and Trademark Office (USPTO).
However, a leaked email from the USPTO dated December 13 disclosed that the application was abandoned due to a lack of action and follow-up by the Dogecoin Foundation.
Despite this setback, DOGE managed to maintain its market strength throughout Q4 of 2023.
On November 16, the value of DOGE stood at $0.07928. Over the subsequent weeks, it surged by 19.10%, reaching a value of $0.09422.
Analysts foresee a potential overall bull run in the cryptocurrency market in Q1 of 2024, primarily driven by the potential approval of spot Bitcoin ETFs.
It is expected that DOGE, alongside other leading altcoins, will likely experience a surge in value, potentially reaching $0.14550 next year.
PS: This is not a Financial Advice
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