The origin and background of Dogecoin (DOGE),
☝️First major consolidation (after the launch ~ the 2017 bull market)
Time: 2014 — 2017, nearly 3 years
Price range: $0.0001 ~ $0.002
Characteristics: Almost nobody paid attention; it traded back and forth around a few cents in RMB for a long time—this is a deeply unpopular sideways range.
After Elon Musk studied cryptocurrencies during this stage, he reportedly started buying—supposedly 36 billion to 40 billion DOGE, which would make him the biggest holder, a giant whale 🐳.
☝️Second major consolidation (after the 2018 bear-market peak fell, before Musk became wildly famous)
Time: early 2018 ~ end of 2020, nearly 3 years
Characteristics: After the 2017 bull run surged to $0.018 and crashed, it stayed pinned in this narrow range and moved very little.
It wasn’t until early 2021, when Musk began steadily tweeting, that this long 3-year consolidation was finally broken—and it then rallied all the way to the high of $0.73.
In one sentence
In DOGE’s history, there were two long consolidations lasting nearly 3 years,
with prices oscillating in low sub-cent dollar ranges;
once the consolidation breaks, you get a massive run.
Many people, when entering the crypto world, buy their first coin: Dogecoin $DOGE
Right now, it’s fallen into the “valley” and is grinding between 0.06–0.09—about to take off! 🚀🚀🚀, about to take off! 🚀🚀🚀
Investing involves risk; enter the market with caution! Wishing you good luck—get rich and become unbelievably wealthy!
☝️First major consolidation (after the launch ~ the 2017 bull market)
Time: 2014 — 2017, nearly 3 years
Price range: $0.0001 ~ $0.002
Characteristics: Almost nobody paid attention; it traded back and forth around a few cents in RMB for a long time—this is a deeply unpopular sideways range.
After Elon Musk studied cryptocurrencies during this stage, he reportedly started buying—supposedly 36 billion to 40 billion DOGE, which would make him the biggest holder, a giant whale 🐳.
☝️Second major consolidation (after the 2018 bear-market peak fell, before Musk became wildly famous)
Time: early 2018 ~ end of 2020, nearly 3 years
Characteristics: After the 2017 bull run surged to $0.018 and crashed, it stayed pinned in this narrow range and moved very little.
It wasn’t until early 2021, when Musk began steadily tweeting, that this long 3-year consolidation was finally broken—and it then rallied all the way to the high of $0.73.
In one sentence
In DOGE’s history, there were two long consolidations lasting nearly 3 years,
with prices oscillating in low sub-cent dollar ranges;
once the consolidation breaks, you get a massive run.
Many people, when entering the crypto world, buy their first coin: Dogecoin $DOGE
Right now, it’s fallen into the “valley” and is grinding between 0.06–0.09—about to take off! 🚀🚀🚀, about to take off! 🚀🚀🚀
Investing involves risk; enter the market with caution! Wishing you good luck—get rich and become unbelievably wealthy!
