The cost of Dogecoin cryptocurrency will return to the price of 2017

According to Gokhshtein Media CEO David Hochstein on Twitter, Dogecoin (DOGE) is heading towards its peak level in May last year (the price was almost $ 0.7)

At the time of writing, the price of DOGE is $ 0.079, which is 10 times less than ATN. According to CoinMarketCap, a crypto asset price tracking website, Dogecoin is the 10th most popular cryptocurrency with a market value of ~$ 10.5 billion.

The first increase in the price of Dogecoin occurred in 2017, when retail investments in the cryptocurrency market increased, which led to the popularity of altcoins (alternative cryptocurrencies). At that time, the value of DOGE increased by 1890% within 70 days, rising from the initial levels of $ 0.21 to $ 0.0042.

Due to the high volatility and speculative nature of the asset, Dogecoin co-founder Jackson Palmer said in a recent interview that he dreams of the end of the cryptocurrency era: «People do nothing, they make money without putting any effort into it.» The Dogecoin co-founder emphasized that he considers cryptocurrency to be a technology of capitalism created to enrich its supporters. This is achieved through tax evasion, reduced regulatory oversight, and the creation of artificial scarcity.