Bitcoin's recent sell-off has affected many cryptocurrencies, with Dogecoin experiencing a 21% crash. Despite this downturn, many analysts are optimistic about Dogecoin's long-term prospects. They believe that the price could possibly retest the $1 mark within this year if the bullish trend continues.
Dogecoin's current price stands at $0.3787, substantially lower than its peak. However, market sentiment appears favorable, fueling hope and discussions among investors and analysts about its potential to surge to $1 as market conditions stabilize.