Earlier last month, Dogecoin (DOGE) became the craze of the crypto community as it set an incredible record with its total value rising to $ 10 billion.
Without hype from world celebrities and millionaires such as US rock singer, Gene Simmons and Snoop Dogg, including Elon Musk, it may be difficult for DOGE to rocket near $ 0.10 from $ 0.01 in early 2021.
Not sure where that went wrong, dogecoin prices have dropped almost half since the peak recorded in early February despite Musk as usual, uploading a DOGE-related tweet.
Latest from Musk: "Doge meme shield (legendary item)", along with a picture illustration of soldiers protecting DOGE from depreciation. Similarly last week, the figure uploaded a picture of shiba inu on the moon - showing the price is able to soar high.
Doge meme shield (legendary item) pic.twitter.com/CeomU9q84c
- Elon Musk (@elonmusk) March 1, 2021
Literally pic.twitter.com/XBAUqiVsPH
- Elon Musk (@elonmusk) February 24, 2021
Unfortunately the price of DOGE failed to show an increase, instead recording a decline of about 40% from its highest level last month, $ 0.08.
One thing is for sure, this cryptocurrency may be considered a meme however, it is actually secretly filled with strong support from its large community.
The rise of Dogecoin is also unlikely to attract interest among developers and entrepreneurs to contribute to its project, thus increasing its popularity.
