Dogecoin (DOGE)’s price action has been quite interesting this year. It has had a consistent rise for the last 4 months or so, even as the rest of the market trades sideways. Relative to the rest of the market, Dogecoin (DOGE) has been one of the best performers so far. While there are multiple factors that have contributed to this, including the listing on Robinhood, Dogecoin’s main strength comes from its usage. Dogecoin (DOGE) is one of the most transacted cryptocurrencies in the market today.
Going into the future, the usage of Dogecoin will only get bigger. It will get bigger because the Dogecoin (DOGE) community is quite vibrant, and is getting better with time. This is a factor that will play a huge role in pushing up the value of Dogecoin (DOGE) in the next Bull Run. This is a coin that already has a use case and a community that also doubles up as a marketing force for this coin, a factor that will provide momentum going into the future.