Dogecoin’s flows and fluctuation
In a very short time, Dogecoin achieved internet meme coin status (especially on Twitter) and thus its prices started going to the moon based on its social popularity and hype rather than any solid fundamentals.
Since its inception in 2013, the price of Dogecoin remained quite flat for seven consecutive years. Then, finally the world’s largest meme coin witnessed a price change in December 2020. After that, it showed major upside in the first half of the 2021 bull run when almost all the tokens have marked their all-time highs. However, much before when again the crypto markets started bleeding red in the later half of 2021, the DOGE price lost its grip over the market, and this downside even continued in the end of 2021 and throughout the year 2022.
