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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-misses-out-on-potential-million-dollar-dogecoin-profit/" data-wpel-link="internal">Investor Misses Out on Potential Million-Dollar Dogecoin Profit</a><br></p>
<p style="text-align: justify">A DOGE investor, who owned one of the largest Dogecoin wallets, missed out on a potential million-dollar profit by selling his coins at an unfortunate time. According to data, this investor started accumulating DOGE in late 2013, initially investing only $146.87 and accumulating over 274,000 coins just 21 days after Dogecoin’s launch. Over the years, the wallet continued to invest heavily, and by early 2015, the total <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investment</a> reached approximately $5,000.</p> 
<h2 style="text-align: justify" id="missed-out-on-thousands-of-dollars">Missed Out on Thousands of Dollars</h2> 
<p style="text-align: justify">From 2016 to 2023, the wallet remained inactive, while Dogecoin’s price surged due to high social media interest and support from figures like Elon <a href="https://newslinker.co/" data-wpel-link="exclude">Musk</a>. At its peak in 2021, the wallet’s investment exceeded $4 million. Despite this, the wallet owner chose not to sell, and as the <a href="https://en.coin-turk.com/why-are-cryptocurrencies-falling/" data-wpel-link="internal">cryptocurrency market</a> rapidly lost value in 2022 and 2023, DOGE’s price also fell.</p> 
<p style="text-align: justify">The wallet owner finally decided to sell all his coins at the end of 2023 as DOGE showed signs of recovery. However, this sale occurred before DOGE experienced a significant resurgence, resulting in missed potential gains. Ironically, shortly after the sale, memecoins, especially DOGE, saw a price increase, with the altcoin’s price rising by approximately 120% since the sale.</p> 
<p style="text-align: justify">At its peak in 2024, DOGE reached a price of $0.23, a 235% increase from the sale price. Had the wallet owner held onto his coins, his total would have increased by an additional $870,000. The timing of the sale highlights the difficulty of achieving optimal profit in a volatile market like cryptocurrency.</p> 
<h2 style="text-align: justify" id="strong-doge-under-selling-pressure-strong"><strong>DOGE Under Selling Pressure</strong></h2> 
<p style="text-align: justify">Currently, DOGE is facing a correction in its price trajectory and is struggling to stay above $0.15. The altcoin’s trading volume has decreased in the last 24 hours, and derivative <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> are reducing their bets on DOGE futures. It is also noted that long liquidations are dominant in DOGE futures as investors try to minimize losses from the decline.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-351663" src="https://coin-turk.com/wp-content/uploads/2024/05/Altcoin-DOGE-Yatirim.jpg" alt="" width="806" height="393"></p> 
<p style="text-align: justify">Nevertheless, the altcoin’s Relative Strength Index (RSI) indicates that it is neither overbought nor oversold. However, DOGE is currently trading below its 50-day Exponential Moving Average (EMA), indicating a short-term bearish trend for the altcoin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investor-misses-out-on-potential-million-dollar-dogecoin-profit/" data-wpel-link="internal">Investor Misses Out on Potential Million-Dollar Dogecoin Profit</a></h5>

Investor Misses Out on Potential Million-Dollar Dogecoin Profit

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