Analysis and Price Prediction for Dogecoin: Here are the key targets to consider in May.
The recent surge of Bitcoin (BTC) above $103,000 has triggered the re-emergence of FOMO traders, particularly in the memecoin space led by Dogecoin (DOGE). According to the latest market data at the time of writing, the total cryptocurrency market capitalization has increased by more than 24 percent in the past 24 hours and is hovering around $70 billion. The deep liquidity of memecoins along with the robust DeFi and CeFi infrastructure established over the past few years has played a key role in attracting more speculative traders.