**WHAT IS DOGECOIN**

Angelic9

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Dogecoin is one of the oldest cryptocurrencies in the market. It started as a joke, and the developer team even abandoned it a few years ago. However, since 2020, Elon Musk started showing an interest in it, and this created excitement around Dogecoin.

Dogecoin’s price rose dramatically during the first months of 2021.
After gains of over 12,000%, the crypto seemed to have hit some resistance in the $0.50 to $0.60 price level. This was in tandem with the entire cryptocurrency market, which appeared to have plateaued after the recent rally. Since Bitcoin hit its highs of $64k and entered a range between $50k and $60k, the whole market followed suit. The crypto market correlation was evident in subsequent Dogecoin prices.
 
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