Dogecoin: David Gokhshtein predicts an unusual price comeback $DOGE DOGE Crypto
, the top meme coin, Dogecoin , is currently trading at about $0.0593, down 0.28% for the day.
The popular dog-themed coin's lackluster price movement coincides with the general decline in the crypto market, which saw the total valuation decline somewhat over the day to its current level of $920 billion. Taking a broader view, it has been more than a year since the historic meme coin craze caused the asset to reach record highs. In May 2021, Dogecoin reached an all-time high of $0.73, just before Tesla CEO Elon Musk's appearance on"Saturday Night Live."To the dismay of investors, Dogecoin is currently trading down 92% from its record high and down about 75.9% since the start of the year, following bearish market conditions.David Gokhshtein has been bullish on Dogecoin all along.
The meme coin saw some positive price action earlier in October, after the news surfaced that the Tesla CEO had agreed to purchase Twitter on the deal's original terms.