Dogecoin shows bullish momentum on daily chart. What’s next?
Dogecoin is a cryptocurrency that has become extremely popular, originating from internet memes. Despite starting off with modest beginnings and a relatively low value, it has gained a large following of enthusiastic supporters.
- Dogecoin has become very popular and has a passionate community of supporters.
- The value of Dogecoin has been influenced by celebrities endorsing it and it being adopted as a payment method on mainstream platforms.
- Other alternative coins, such as TCRV associated with Tradecurve, have also shown positive performance and growth trends.
DOGECOIN: Community, Endorsements, And Performance
The dedicated community has played a key role in driving the value of DOGE forward. Famous personalities, such as Elon Musk, CEO of Tesla, have shown their support for DOGE, contributing to its ongoing surge in popularity.
In addition, the adoption of DOGE as a payment method on mainstream platforms and the influx of celebrity endorsements have further boosted its growth.
As of June 17, 2023, the trading value of DOGE was $0.062569. Its value fluctuated throughout the previous week, dropping to as low as $0.059487 before climbing back up to $0.062845.
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Over the past 30 days, DOGE’s overall value has decreased by 15.7%.
However, in the weekly charts, it had a growth of 5.5%, marking a 1.8% increase compared to the previous trading day.
The volatility and expansion pattern seen in DOGE is not unique, as several other alternative cryptocurrencies have undergone similar processes.
Overall, Dogecoin’s recent positive performance has given investors greater confidence. However, it is important to acknowledge that other alternative coins have also shown comparable growth trajectories.
