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From Surge to Decline: The 2021 Myth and Current Dilemma of Dogecoin
【Crypto World】Dogecoin’s official account recently reposted the 2021 viral hit “DOGE to the moon,” bringing back memories for many seasoned investors.
Do you remember how crazy it was? In 2021, Dogecoin surged nearly 6000%, reaching a historic high of $0.73. At that time, even the song was singing “Dogecoin can reach $1.” It was truly a magical moment.
Looking back now, the situation seems a bit melancholic. Currently, Dogecoin is trading at $0.1289, down 5.06% in just 24 hours, an 82% drop from the $0.73 peak. Even more painful is that since mid-September, the open interest has decreased by 77%, indicating a clear decline in market enthusiasm.
From the bold claim of “to the moon” to the current bear market dilemma, the story of this electronic dog is enough to make people reflect: those investment opportunities that skyrocket are often also the easiest to have dreams shattered.
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82%... I won't cry either, just get used to it
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As soon as this music starts playing, I know it's time to clear my positions
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The moon is unreachable, but the wallet hits rock bottom first
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I believed in these lyrics back then, now only tears and regret remain
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Is the official still commemorating? I’ve long since mourned my principal
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From 0.73 to 0.13, what a legendary decline
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Is the so-called "investment opportunity" just a chance to lose even more?
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Tears of the era, who hasn't been deceived before?
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82% decline... this is a reality check, brother
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The official nostalgia routine, I think it's just prolonging retail investors' lives
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From 0.73 to 0.13, really, some dreams should come to an end
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Just listening to music can pump the market? This trick is way too old