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Top Trader Dumbfounded by Dogecoin's Underwhelming Rally

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Thu, 6/04/2023 - 18:24
Top Trader Dumbfounded by Dogecoin's Underwhelming Rally
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Top trader CryptoDonAlt recently expressed his surprise on Twitter over Dogecoin's lack of a second rally, questioning whether Elon Musk's supporters were too poor to pump the cryptocurrency or had already invested all they could.

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The trader went on to discuss his recent transactions, selling Dogecoin at $0.098 and buying back at $0.091, admitting he would continue to invest until proven wrong.

This conversation comes in the wake of a massive surge in Dogecoin Google searches, which spiked by nearly 2,000% after "Dogefather" Musk changed Twitter's iconic bird logo to that of the infamous Doge meme. 

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The logo change led to a relatively modest 30% for the Dogecoin price. The meme coin briefly surpassed Cardano (ADA), but it then fell back to its eighth spot.   

The canine coin is currently trading at $0.09 on major spot exchanges. The meme coin is up roughly 18% over the past week.  

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