Dogecoin Celebrates 12th Anniversary Amid Weak Market Sentiment

Dogecoin's 12th Anniversary

Dogecoin, initially created as a joke in 2013, has reached its 12th anniversary.
Despite current bearish market conditions, Dogecoin remains among the top 10 cryptocurrencies with a market cap of approximately $22.5 billion and trading near $0.14.
The coin's all-time high was $0.73 on May 8, 2021, with a market cap close to $88.7 billion.

Market and Investor Sentiment

On its anniversary, Dogecoin experienced a 3.1% price drop, more significant than the general market decline.
Major financial institutions are now considering Dogecoin for structured investment, evidenced by the introduction of a Spot Dogecoin ETF.

Future Prospects

Dogecoin's longevity is notable in a volatile crypto market, with large wallets beginning to accumulate again after a period of low activity.
Rumors suggest Tesla's internal code may incorporate deeper Dogecoin payment mechanisms, possibly linked to the XMoney system on the X platform.
Elon Musk continues to influence Dogecoin's public profile through social media and potential business integrations.
Analyst predictions for Dogecoin's price range from $0.75 to as high as $10.