Dogecoin is Trading 78,000% Above its All-Time Lows Amidst the Crypto Bloodbath

Analysts recorded in April that within a period of three weeks the meme coin has risen by almost 40%. Dogecoin resurfaced from its all-time lows after Elon Musk re-assured that he would continue to support the crypto. DOGE is trading 78,000% above its lowest resistance and is experiencing a sharp rise and a renewed interest in whale activities is also massively aiding its price. The developers did not expect the coin to generate the mass appeal that it already has, nevertheless, DogeCoin’s future prospects are encouraging more investors to join the market. To some investors, the coin's intrinsic value largely determines its worth, which can produce short-term gains but is not a viable strategy for the long-term investment process Source