I decided to buy Dogecoin in May during the hype of Elon Musk’s appearance in the SNL show. Dogecoin was just slightly above $0.7 and there was this hype of Dogecoin getting to $1. I was so excited and I bought it. But ever since that day till today, the price has been declining.
Personally speaking, I will be lying if I said am not bothered, I am extremely bothered because I had lots of hope on Dogecoin. One reason was because of the massive hype from Elon Musk. I bought it based on FOMO, and the price of Dogecoin has been going really down for weeks now. Just like the meme, that’s how I feel the Dogecoin price is doing. Getting lower and lower and lower every time. And looking like something that would go much lower.
Currently the price of Dogecoin is down by 19% ,$0.18,getting to the price that was last seen since April 23 when it hit $0.16. Although still currently the eight biggest cryptocurrency according to market cap.
