Dogecoin will never reach $0.69 again

Dogecoin the original memecoin will not surpass it's previous all time high price of $0.73 in the next bull run.

Lets look at the charts of eight cryptocurrencies including DOGE

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https://preview.redd.it/kbij5mktxasa1.png?735&format=png&auto=webp&s=1c0e09a2225758793e7e07f0bf23231ae501aa21

It's already failed to do it once

2021 had two runs - one around May and the other around November. Most cryptocurrencies surpassed their previous high from May in November except Dogecoin, Monero and Litecoin.

Inflation, Inflation, Inflation

Every time a new block of transactions is added to the Dogecoin blockchain, 10,000 DOGE are mined. That’s about 14.4 million DOGE added per day, or about 5.26 billion per year. There are now roughly Ten billion more DOGE since it hit it's previous high of $0.73, that means it would need to reach a marketcap 7.2 billion dollars higher than May of 2021.

There is always another Dog Coin

New comers into the crypto space are looking to repeat the success stories they heard about with DOGE or Shiba investors and will probably buy another random shitcoin that has a much lower marketcap.

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https://i.redd.it/2log1bzt1bsa1.gif

^{None of this should be taken as financial advice and I'm probably wrong about all of it, DOGE will probably become the next world reserve currency.}