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Dogecoin (DOGE) has been a fascinating topic lately as its recent price action suggests it may be following a bullish pattern. With many experts predicting that Dogecoin could reach new heights, we’re taking a closer look at the potential and risks involved.
As Bitcoin’s value surged, the markets responded in kind, with most cryptocurrencies experiencing a significant upswing. While some altcoins have seen major gains, DOGE has been somewhat stagnant until recently. Despite this, the cryptocurrency is still primed for a substantial price increase as it’s not ruled out that a new ATH at $5 could be possible.
Dogecoin gained widespread attention during its 2021 bull run, where it saw an incredible surge from consolidation around $0.0045 to reach highs of $0.7376. A similar price action has been observed since the start of Q4 this year.
Source: coinpedia.org
