As 2023 is drawing towards its end, some assets in the cryptocurrency market are still increasing their prices while others are slowing down their gains from previous weeks, including Dogecoin (DOGE), leaving investors to wonder whether it would manage to rally to the coveted level at $1 in 2024.
Indeed, Dogecoin started to improve its price in late November, steadily climbing from $0.073 to the psychologically important zone at $0.10 zone, at which it peaked several times in early December, only to slow down and consolidate at $0.093, where it is changing hands at press time on December 26.
Dogecoin 30-day price chart. Source: Finbold
Can DOGE surpass its ATH?
That said, DOGE reached its all-time high (ATH) at $0.73 back on May 8, 2021, which means that the famous dog-themed meme cryptocurrency could get rather close to the $1 price mark again. However, reaching $0.73 again would require an increase of 685%, or 975%, for the $1 level, albeit this is not impossible.
As it happens, the
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