Leading crypto trader Kaleo, dogecoin price reaching $1 is not speculation, but rather possible in the current cycle stated.
Currently trading at $0.1678, Dogecoin has recently recorded a notable increase of 8.8%. The price increase has increased the potential to reach the highly anticipated $1.
However, its rise suddenly stopped and Elon MuskIt suffered a significant decline after Jokingly referred to Dogecoin as a “hustle” on “Saturday Night Live.” The decline in price resulted in the 2021 peak not being regained.
According to CoinGecko data, DOGE is still down 77% from its all-time high.
According to IntoTheBlock’s latest data, Dogecoin exhibits a high price correlation with Bitcoin of 0.95. This means that Dogecoin’s market movements are wider. cryptocurrency shows that it is significantly affected by trends.
Meme coin came to the fore last week with significant transactions exceeding 100 thousand dollars and reaching a total of 4.46 billion dollars. Activity on the stock exchanges recorded an inflow of $593.32 million compared to an outflow of $463.24 million.
As we reported as Koinfinans.com, 57.62% of investors make a profit, while 34.15% make a loss.
