Will Dogecoin Bounce Back? 3 Things to Know

Dogecoin (CRYPTO: DOGE) has experienced a phenomenal run over the past few months. Its price is up by more than 5,500% since the beginning of the year. Over the past 12 months, it has shot up by more than 12,800%.

That type of growth is unmatched by Dogecoin's competitors. Since the beginning of the year, Bitcoin is up by around 37%, and Ether's price has increased by around 250%.

Despite its monumental gains, however, Dogecoin has had a rough month. It has lost nearly half its value in a matter of weeks, with its price sinking by nearly 44% since reaching its peak on May 10.

Source Fool.com