Dogecoin's Price Volatility: A High-Risk Opportunity

Dogecoin has been at the center of attention in the cryptocurrency market, with its price volatility largely driven by social media narratives. The Elon Musk factor continues to play a significant role in shaping the cryptocurrency's price movements, as his tweets and likes can trigger explosive moves in DOGE.

The memecoin cycle theory suggests that Dogecoin is positioned as the flagship memecoin that benefits from retail participation. With its massive brand recognition and meme power, Dogecoin often sets the tone for the broader memecoin supercycle.