Dogecoin (DOGE) has been emerging as the talk of the town. Sadly, the OG meme coin was in the news for its recent plummet. DOGE recorded a major drop contrary to the expectations set by the community following Donald Trump’s inauguration. While several linked this downfall to the exit of Vivek Ramaswamy from the Department of Government Efficiency (D.O.G.E), a few others saw this as a minor correction. As the market remains cautious, Dogecoin continues to exhibit volatility.
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Dogecoin Records Massive Downfall
At the time of writing, the OG meme coin was trading at $0.3885 following a 5.48% uptick throughout the last 24 hours. Dogecoin has certainly been the most volatile cryptocurrency over the past day. The asset went from trading at $0.379 down to a low of $0.3359 and has again surged to $0.3995.
It looks like the pressure on Dogecoin caused by Ramaswamy’s exit was easing as the asset was rising yet again. But the real question is if the asset will be able to carry this onto the next couple of days.
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Can The OG Meme Coin Reach $0.50?
It seems like Dogecoin will take a while to fully bounce back. Data from prominent platform CoinCodex revealed that DOGE will record a downfall throughout the next couple of days. On January 25, the asset is expected to trade at $ 0.343478. The highest price level that Dogecoin will trade at over the next couple of days is $0.346387.
It is quite evident that Dogecoin is far from reaching a high of $0.50. The community has to wait longer than expected. But Trump’s potential reforms regarding cryptocurrency and Elon Musk’s involvement in the space could eventually push the price of Dogecoin.
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