Dogecoin (DOGE) up 14% YTD, Here’s How High It May Soar
The post Dogecoin (DOGE) up 14% YTD, Here’s How High It May Soar appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin (DOGE), the first dog-themed meme coin, has recorded a 14% year-to-date (YTD) growth rate in January. This comes as the asset battles to sustain its rebound moves in its price journey to higher heights. DOGE is currently up by 14.8%, according to data from Cryptorank. DOGE’s historical January performance Interestingly, January has been the most profitable month for Dogecoin since its inception, boasting an average growth rate of 85.1%. However, since 2014, the growth trajectory has varied from year to year. Dogecoin registered the highest growth rate in January of 2021, when it soared by a staggering 771.5%. The second-highest growth occurred in 2014, with 269% recorded. The next year, 2015, saw DOGE unable to repeat the feat, as it suffered a 25.4% decline. Related The meme coin rebounded well in 2016 to hit close to its average growth level with a performance of 84.6%. DOGE witnessed a three-year streak of poor January performances from 2017 to 2019. The asset recorded negative growth figures of 7.95%, 33.4% and 18.2%, respectively. This represented the longest stretch of low performance in January for Dogecoin. DOGE Historical Chart. Source: Cryptorank The dog-themed coin posted green in January 2020 with 18%. However, starting in 2022, the token has alternated between positive and negative performance in the year’s first month. In…
Filed under: News - @ January 24, 2025 11:16 pm