Dogecoin may not achieve such great success again anytime soon. the market will slowly decline until it reaches a fairly stable price value. For the current price, there is still the possibility of a price reduction to a certain level.
We cannot continue to hope that Dogecoin will always increase and provide profits for its holders. however, dogecoin is one of the popular altcoins in the crypto market. Hopefully, the Dogecoin situation doesn't get worse this year.
I mentioned a price for this coin in my previous post and today the price of the coin has dropped further from there.Today I saw that the price of Bitcoin has dropped to $41,221 dollars in the crypto currency market, maybe its effect is starting to fall on the alt coins.
As far as I know from my experience if the price of Bitcoin doesn't go up then the price of alt coins doesn't go up either. Similarly, the price of Doge Coin has decreased today compared to yesterday.
What I know is that Bitcoin can initiate a move in the crypto space, and altcoin can do the same as well, it is not all about Bitcoin, but just that Bitcoin is more symbolic and has more news to cause the movement than that of altcoins. I've seen many times that Bitcoin was sluggish on movement but some altcoins move so well and the lucky ones to have purchased them made their money, such will always continue to happen in the market as it is not about Bitcoin alone. As for Dogecoin, I do not have so much trust in this coin anymore, it seems that it has served its time, we should give room for others now. Then, the much of focus on Dogecoin helped it so well, and the same thing goes for Shiba Inu, but now, there are many alternatives in their cadre and many more crypto that need money to be spread in them, so do not expect that much inflow of money on Dogecoin like before, and for this I believe it will disappoint the expectation of many in the next bull run just as it did in the recent one witnessed where most major coins moved at least two times their price, but Dogecoin and Shiba Inu reduces to do. That've served their meme's time in my opinion.