Dogecoin

Elon Musk

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Dogecoin (DOGE), the meme-inspired cryptocurrency that once hit an all-time high of $0.73, is being eyed for a bullish return to $0.10 by renowned trader Kaleo.
In his recent <a href="https://twitter.com/CryptoKaleo/status/1676243702971342850">tweet</a>, Kaleo confidently suggested the altcoin's imminent rise, pointing out the crypto's current slow but steady upward creep.
Although DOGE is still down around 90.38% from its all-time high recorded on May 08, 2021, the meme coin is steadily holding its ground, trading around $0.069974. CoinGecko data indicates Dogecoin's market cap sits at approximately $9.85 billion, with a 24-hour trading volume nearing $442 million.
<a href="https://u.today/pepe-pepe-outperforms-shiba-inu-shib-and-dogecoin-doge-in-trading-volume">card</a>Dogecoin became an unexpected sensation in early 2021, driven in part by endorsements from Elon Musk and other celebrities, as well as retail traders inspired by the Reddit-fueled GameStop rally.
In May 2021, <a href="https://u.today/dogecoin-creator-billy-markus-makes-fun-of-airdrop-farmers">Dogecoin</a> reached its pinnacle, surging by over 12,000% since the start of the year, at its peak.
Interestingly, this surge in popularity was reflected in the adoption figures. John Paul Koning, a financial writer, cited a Nielsen Homescan survey stating that around 11% of American households owned crypto in 2021. Among these crypto-holding households, four out of ten held Dogecoin, indicating that approximately 6 million US households owned the meme coin.
With this potential base, the anticipated rally to $0.10 could be within reach if these users hold or if the crypto can tap into the new market participants.

Dogecoin to Reach a Dime? Top Trader Confident in Imminent Increase

U_Today

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