Dogecoin (DOGE) Price: Top Trader Reveals What to Expect from Leading Meme Coin

A top trader believes that Dogecoin's price action is about to get extremely boring

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According to data provided by CoinGecko, Dogecoin is in 10th place by market capitalization. The leading meme cryptocurrency is valued at $14.8 billion. that DOGE will be"leading the charge" in the near future since it tends to serve as a key signal for the entire cryptocurrency space. Still, the upcoming speech of Federal Reserve Chair Jerome Powell, which will take place at Jackson Hole on Friday, could bring more volatility. Powell is expected to indicate how fast the Fed is going to act when it comes to rate cuts. So far, the Fed is expected to settle for a 25 basis-point rate cut in September. Dogecoin experienced a massive price surge in 2021 when interest rates were at extremely low levels in the US. The leading meme coin reached its current all-time high of $0.

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