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From meme coin to market dominator, Dogecoin took crypto by storm in 2021 as it went on an insane price rally! However, since it broke the 70-cent barrier in May 2021, the iconic dog-themed coin has been in a downtrend and has pulled back more than 90% from its all-time high (ATH). So, is DOGE dead, or will Dogecoin reach $1 in the next bull market? Read on as we address these questions and determine if Dogecoin is gearing up for a comeback!
Those keeping an eye on the altcoin markets will know that the internet has been abuzz with Dogecoin lately. So, what is all the fuss about? Dogecoin originally started out as a satirical commentary on the rapidly growing altcoin sector, all the way back in 2013. However, the concept of fast payments with a fun and friendly community based around a popular Shiba Inu "doge" meme actually caught on and garnered a following. And now, approximately seven years later, what started as a joke coin has pumped roughly 600% just in the last week! Who would have predicted that?
