Lightchain AI is generating excitement as it prepares to break its 2021 all-time high (ATH) and target $3, fueled by growing adoption and a loyal community.
Dogecoin (CRYPTO: DOGE) is rallying once again, and this time, it has its sights set on breaking its 2021 all-time high (ATH) and heading towards $3.
What Happened: The meme coin, favored by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, has seen a resurgence in 2023.
Dogecoin is currently trading at 38 cents, and if it were to reach $3, it would mark an increase of nearly 700%.
The last time Dogecoin traded at $3 was in May 2021, when Musk's appearance on "Saturday Night Live" sparked a buying frenzy in the meme coin.
Dogecoin's resurgence comes amid growing adoption and a loyal community, which has helped sustain the coin's value during market downturns.
A recent survey by payments firm TripleA showed that 44% of Americans would consider buying Dogecoin if they were to receive a tax refund of $3,000 or more.
Dogecoin is also seeing increased interest from institutional investors, with Grayscale recently adding the meme coin to its Grayscale Digital Large Cap Fund (NYSE:GDLC).
While Dogecoin's potential to reach $3 is certainly exciting, it's important to note that cryptocurrencies are highly volatile and can experience drastic price swings in either direction.
Investors should always conduct thorough research and consider their own risk tolerance before making any investment decisions.
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