Dogecoin's value has seen significant turbulence lately, plummeting sharply in tandem with a broader crypto market selloff. On February 3, the meme coin faced a steep decline, losing value in double-digit percentages. This decline was part of a larger liquidation trend affecting multiple cryptocurrencies.
Despite this crash, analysts suggest that this downturn might be a strategic component of a larger plan. They predict that Dogecoin could eventually reach an all-time high (ATH) above $1.5, signifying potential recovery and growth beyond its current value.