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Dogecoin: Will History Repeat Itself? What This 3-Year Pattern Means

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Dogecoin: Will History Repeat Itself? What This 3-Year Pattern Means - NewsBTC

Quick Summary:

I anticipate a similar pattern this cycle, potentially starting as… pic.twitter.com/7JkYs7rUDn — Ðima James Potts (@DimaPotts36) August 26, 2024 In the first cycle, which started in 2016, Dogecoin’s price hiked 1.5 times at the end of the year.

Some analysts do point out that while Dogecoin has made huge leaps — including amassing a market capitalization of over $90 billion — its inflationary supply status and weakening cultural importance may weaken its hold on the meme coin market at a later date.

Combined market capitalization for DOGE and SHIB, according to CoinGecko, now makes up only 57% of the total market capitalization of all meme coins, which is well retracted from its highs.2025: The Wild Card Year?

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 10:00:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 617 words

Reading Time: 4 minutes read

Sentences: 83 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22278877

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

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Publisher ID: #102

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