Famous Bitcoin Trader’s Call for 1 Dollar for Dogecoin Made a Great Response!

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AngeloBTC, a Bitcoin trader closely followed by the community, published a recent post about the meme-inspired cryptocurrency. dogecoin He put forward an optimistic forecast for . Angelo says price target is $1 with estimate It made a big impact.

Dogecoin explodes at the beginning of 2021 cryptocurrency It has become one of the most talked about topics in the world. The price also managed to be affected by this trend and recorded a big rise.

As Koinfinans.com reported, celebrity endorsements from influential figures like Elon Musk and an increase in retail investor interest played a major role in its meteoric rise.

Additionally, the widespread adoption of cryptocurrencies and subsequent bullish market sentiment acted as a catalyst, pushing Dogecoin to all-time highs. However, this rapid rise did not last long. As the months pass DOGE experienced a sharp correction. Its current value is 91% behind its peak price.

There are several reasons for Dogecoin’s sharp correction, including early investors taking profits, concerns about the coin’s fundamental value and utility, and a broader cryptocurrency market pullback.

DOGE is trading at $0.063073 after a 2.7% rise in the last 24 hours. With a market value approaching $9 billion and a 24-hour transaction volume of over $296 million, Dogecoin continues to be a cryptocurrency that attracts great interest from investors. In fact, it is among the top 10 coins by market cap.


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