The popular bust coin Dogecoin (DOGE) is having a tough time in the bear market. However, David Gokhshtein, who is also a famous politician, sees significant potential in DOGE. So he is waiting for it to break its all-time high.
“DOGE has to break his previous ATH!”
The original chest coin, Dogecoin (DOGE), has not been getting enough electricity from its promoter Elon Musk lately. However, there are also those who believe in him. David Gokhshtein, founder of Gokhshtein Media, has some promising and pleasant intentions for Dogecoin. In this context, Gokhshtein shared the following on Twitter:
I was actually thinking of DOGE today. Will he break his previous ATH? Must.
DOGE continues to maintain its position as the 10th largest cryptocurrency by market cap. It currently has a market cap of $7.87 billion. According to data from CoinMarketCap, the largest chest coin Dogecoin (DOGE) is currently trading around $0.05975, up 0.47% on the day.
However, the price action of the popular dog-themed coin is rather lackluster. However, the general situations in the cryptocurrency market are parallel. In the harsh winter conditions, the crypto market is a long way from its heyday. DOGE’s weak price action also coincides with the general decline in the crypto market.
More broadly, it’s been more than a year since the historic chest cryptocurrency frenzy caused the asset to hit record highs. Koindeks.com As you follow, Tesla CEO Elon Musk introduced Dogecoin on the ‘Saturday Night Live’ program in May 2021. Just before that, DOGE hit an all-time high of $0.73. Dogecoin slumped 92% from record level in the wake of bearish market conditions. In addition, it has fallen by about 75.9% since the beginning of the year.
Gokhshtein claims potential in Dogecoin (DOGE)
David Gokhshtein has been bullish on Dogecoin since the beginning. As the next bull run in the cryptocurrency market begins, he sees it possible for chest coins like Dogecoin to experience a parabolic rise. Additionally, he is convinced that such assets will eventually “drive new individual buyers into the crypto industry.”
Currently waiting for a positive catalyst for Dogecoin price. Attention is focused on Tesla CEO Elon Musk’s Twitter consensus, which will make a clear return on October 28. Elon Musk has previously come up with the idea of using Dogecoin as payment on social media if this happens. In the midst of this, DOGE saw some positive price action in early October after it was revealed that Musk had agreed to buy Twitter under the original rules of the agreement.