Floki Inu Soars to New Heights in the Cryptocurrency Market
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2022-05-07 | Selina Mathew
Dogecoin, Elon Musk's favourite crypto currency, is rapidly losing popularity. Dogecoin's popularity in the cryptocurrency market has been declining in recent months. The falling $DOGE price over the last several months demonstrates this. In reality, research suggests that Dogecoin has been plummeting for a year straight.
The Dogecoin bullish growth hit $0.68 in the first week of May after exploding in Q2 2021. To date, this is still the Dogecoin ATH. From this ATH, the currency has dropped to $0.13 today. Over the last 12 months, the price has dropped by over 80%.
The Dogecoin price has been fluctuating during this time. Despite the widespread popularity of Dogecoin, there have been no bull runs thus yet. Elon Musk's Tesla has begun accepting Dogecoin as payment for products.
Following news of Elon Musk's purchase of Twitter, Dogecoin jumped 20% before reversing. When Bitgert (BRISE), a formidable Dogecoin opponent, has been increasing tremendously, the Dogecoin trend has been plummeting.
For the previous nine months that the project has been active, the Bitgert price has been quickly increasing. When Dogecoin was falling, Bitgert managed to reach many ATHs. When Dogecoin was in free decline in early March 2022, the new Bitgert ATH was achieved.
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