The overall market of encrypted money market is not good, and the price trend of Dogecoin has also been adjusted. Even so, the price of Dogecoin coins will be set to a new high.
Everything will depend on the specific moods in the market, but the likelihood that the price will go up is very high. This project takes off or falls at regular intervals. The only question is when this happens.
I agree with you, there were many situations in the previous year that even coins that did not mean much in terms of their usability, were growing in value like crazy for no apparent reason whatsoever.
The question is when will new money start coming to the market? Many investors are already desperate and have withdrawn all their tokens to bitcoin. Of course, dogecoin has many advantages in the Arsenal, but it has a very large number of coins and a large capitalization unfortunately
This is squeezing phase.Big players are squeezing market to the maximum,making havoc and panic,until the pain from losses becomes unbearable to the common investors,especially greedy margin traders.
DOGE has been known for the longest pump/dump cycle on market,a year or more.Squeezing is going slower than on other markets, but it last much more longer,making significant psyhological effect on common traders which cant look their investment to going down for such long time. Successful DOGE investor has to have a lot of patience and be prepared that his/her money will be tied up for a very long time.
If you dont have much patience and trading experience,dont buy DOGE above 30 sat.