DOGE Ready for next expansion stage.

3 Jun

Happy Monday traders!

Today we are taking a look at the All Time History of DOGE coin. Before we look at eh price action of DOGE lets take a trip down memory lane and give you some history of this coin.

Doge: Much Coin, Very History

Doge, in internet meme culture, refers to a photo of a Shiba Inu dog with multicolored Comic Sans text captions representing the dog's thoughts. This meme became wildly popular in the early 2010s, inspiring. Yet, most have never looked up the true meaning of the word DOGE.

Dogecoin (DOGE), launched in December 2013 by software engineers Billy Markus and Jackson Palmer. It was created as a lighthearted parody of the seriousness surrounding Bitcoin and other cryptocurrencies at the time. They built Dogecoin using Litecoin's open-source code, which itself stemmed from Bitcoin.

Dogecoin quickly gained a loyal following, especially on sites like Reddit, where it became a popular tipping currency for content creators. Despite its comedic origins, DOGE achieved surprising success. Here are some milestones:

Instant popularity: Over a million visitors flocked to Dogecoin.com within the first month.
Community focus: Dogecoin fosters a fun and inclusive online community, a stark contrast to some other cryptocurrencies.

Elon Musk effect: Celebrity endorsements, particularly from Elon Musk, have caused the price of DOGE to fluctuate dramatically.

Highs and lows: In 2021, DOGE reached a peak market capitalization of over $85 billion, but its value remains volatile.

DOGE Definition: The chief magistrate in the former Italian republics of Venice and Genoa, known as the Doge (pronounced DOZH), held a complex and multifaceted role. Fun fact, Coins minted by the republic often featured the Doge's image or an abbreviation of their name. This served as a symbolic stamp of approval and helped ensure public trust in the currency.

Today, Dogecoin remains a prominent cryptocurrency, though its price is significantly lower than its 2021 highs it may be repeating its historical gains very soon. Whether it's intention was to be a serious contender in the future or a lasting internet joke, DOGE's place in crypto history is secure.

What do the charts say

Looking at the all time history of this coin we can see that the price action has created two previous run ups producing over 21,000% gains between 2015 and 2017 and again reaching for the sky and touching over 50,000% gains during the 2020/2021 crypto bull market.

Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period and eventually, a mind melting bull run. As you can see on the chart we have completed the bear market and are currently breaking out of accumulation.

My personal Targets for DOGE are $4.20, $10.10 and $12.00. If Doge did just half of the gains it did last run it would reach a total of over $12. With rumors shooting around the internet that Elon may add DOGE as the local currency for the X platform and this being a real possibility, I think it is counterproductive to think these type of gains are not in the cards.

Much profits,

Savvy