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The Dogecoin (DOGE) market started the week poorly. The OG meme cryptocurrency dipped by more than 5% over the past 24 hours. The bears disrupted the asset’s surge to $0.13. At press time, DOGE was trading at $0.12.
This, however, comes as a surprise to the market, considering its prominent price surge over the past week. DOGE was up by over 12% throughout the last seven days.
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Dogecoin’s Recent Performance And Community Expectations
The asset’s latest surge was acknowledged by its co-founder. In 2013, Billy Markus and Jackson Palmer rolled out the world’s first meme coin. Markus, however, has been vocal in the cryptocurrency market. In a recent tweet, the creator of DOGE provided his fans with a clever response to the issue of why Dogecoin was soaring.
Co-Founder’s Response To DOGE Surge
This wasn’t all. The Dogecoin co-founder replied to comments as well. When someone noted that Markus’ response was brief for such a significant query, he said, “That’s pretty much my answer to everything crypto price related.” In addition, he noted how people kept asking him what he thought about the fluctuations in cryptocurrency prices and what causes them.
Community’s Expectations For October
While the asset has currently experienced a setback, the community is expecting a change in trend during the month of October.
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Dogecoin October Prediction
Prediction websites believe that DOGE might have a fairly positive month in October. Changelly noted that the OG meme coin will surge to $0.128 in the coming month. In addition, the lowest that DOGE might trade at is $0.107. Dogecoin’s average trading price was set at $0.117 for October 2024.
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