Dogecoin Just Plunged Below a Very Important Level, and It Spells Bad News for Investors
Key takeaways
- DOGE-USD NVDA ^GSPC Dogecoin (CRYPTO: DOGE) is the cryptocurrency industry's original meme token, and it has taken investors on an extremely volatile journey since its creation in 2013.
- In fact, Dogecoin plummeted to just $0.073 last week, a level not seen since 2023.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
DOGE-USD NVDA ^GSPC Dogecoin (CRYPTO: DOGE) is the cryptocurrency industry's original meme token, and it has taken investors on an extremely volatile journey since its creation in 2013. It peaked at $0.73 per token in 2021, when its market capitalization of more than $90 billion made it more valuable than most companies in the S&P 500.
But it has mostly trended lower since then. In fact, Dogecoin plummeted to just $0.073 last week, a level not seen since 2023. It means the meme token has officially given up all its gains since 2024, the year Donald Trump won the U.S. presidential election for the second time.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »