Although the pioneering memecoin Dogecoin (DOGE) is recording losses on multiple charts, its community still holds a bullish attitude and expects the digital asset to conclude the third month of 2023 with a significant increase to its current price.Read Price Prediction for Dogecoin [DOGE] for 2023-24 In fact, for the greater part of 2022, DOGE/USD performed poorly except for when Elon Musk acquired Twitter.
The acquisition raised hopes in the Dogecoin community about increased cryptocurrency usage. Being Elon Musk’s favorite memecoin at one point, it was counted among the most popular cryptocurrencies.
However, the FTX saga was particularly bad for DOGE, as its price had reached around $0.15, the highest since the first crypto crash in May 2022 following the Terra stablecoin debacle.
Since its launch in around 2010, the cryptocurrency industry has come a long way. The vision of the cryptocurrency industry was an on-chain financial order that would not invite governmental intervention.
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