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HomeCrypto NewsMarketDogecoin Founder Billy Marcus Says DOGE Might Never Reach Previous ATH of $0.74 

Dogecoin Founder Billy Marcus Says DOGE Might Never Reach Previous ATH of $0.74 

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Billy Marcus does not believe Dogecoin will ever rally to its previous all-time high.


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In light of the ongoing turbulence in the crypto market, many investors wish they could experience last year’s massive rally, when all coins and tokens, including Dogecoin (DOGE), recorded a new all-time high (ATH).

DOGE Investors Hoping for Another Rally

Reminiscing about the good old days, a Twitter user who goes by the username @cocochaneladair, shared the previous chart of Dogecoin when the cryptocurrency peaked to $0.74.

“Can’t wait to see this again #Dogecoin #DogecoinToTheMoon,” the Twitter user noted in a tweet.

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Responding to the tweet, Billy Marcus, the co-founder of Dogecoin, indicated that there is a possibility DOGE enthusiasts will not see the cryptocurrency at its all-time high again.

According to Marcus, Dogecoin had an amazing year that resulted in lots of achievements for the cryptocurrency, including massive adoption among retail and institutional investors.

“Might never see [DOGE at $0.74] again. 2021 was a weird f.cking year, and dogecoin was swept up in the dystopia,” Marcus said.

 

Is Marcus Right?  

The Dogecoin co-creator could be right to a large extent. To date, Dogecoin does not have a fixed supply like other digital currencies in the market.

Despite calls from Dogecoin enthusiasts, project developers have ignored these calls because any effort to correct the issue may jeopardize the coin’s security.

In addition, Dogecoin was able to surge as high as $0.74 last year due to the massive support the cryptocurrency got from popular tech mogul Elon Musk.

The founder of Tesla had, on several occasions before the coin hit its peak, made positive tweets about the memecoin, which bolstered its price.

At the moment, Musk’s actions toward Dogecoin have earned him a $258 billion lawsuit, with the plaintiff alleging that he promoted a pyramid scheme in the form of DOGE.

Docgecoin’s Fall From Grace

Recall that in May 2021, Dogecoin surged to a high of $0.74 in what was considered the greatest rally of all time for cryptocurrency.

Many investors believed the cryptocurrency would soar to $1. However, their wishes never saw the light of day as the popular meme coin dipped tremendously months after hitting an all-time high of $0.74.

Things have gone from bad to worse since the beginning of the year, which has further plunged the token to 6 cents, representing a 92% fall from ATH.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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