DOGE Marketcap Increases by $600 Million as Coin Rallies by 10%

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DOGE Marketcap Increases by $600 Million as Coin Rallies by 10%
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ICYMI: $DOGE's YTD performance remains positive with an approximately 100% increase since March 2021 Dogecoin DOGE DOGEArmy

In the long term, Dogecoin is remaining in a short downtrend movement and losing over 80% of its value from the ATH. But despite the extremely negative performance in the last 300 days, DOGE still has a positive YTD performance with an approximately 100% increase since March 2021.Since its creation, Dogecoin has been a social asset, which relies heavily on the sentiment on the market and the support of the asset from various influencers in the space.

But as the community around the coin calmed down, Tesla's Dogecoin payment implementation and further support of the first memecoin did not have the same effect, which caused more panic among investors and aggravated the asset's condition on the

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