Dogecoin (DOGE) is a very famous cryptocurrency that gained massive popularity through social media hype and celebrity support, especially from Elon Musk, but it has also experienced a major downfall after its peak. Dogecoin was created in 2013 as a joke coin (meme coin) and had very low value for many years, until it suddenly surged in 2021 and gave huge short-term profits to some investors. However, after the hype faded, Dogecoin’s price dropped heavily, and many traders faced losses because it lacks strong real-world utility compared to coins like Bitcoin or Ethereum. Many crypto analysts believe that Dogecoin’s downfall happened due to overhype, unlimited supply, and weak development, making it a high-risk investment that mostly depends on market sentiment and trends rather than solid technology.$DOGE #downtrend #CryptoLife

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