Dogecoin (CRYPTO: DOGE) may eventually stage another major rally, but traders are divided over how long investors will have to wait.
Is DOGE’s Next Run Uncertain?
In an X post on Aug. 12, pseudonymous trader Altcoin Sherpa questioned whether Dogecoin will see another “gigantic bid.” He pointed to its position as the largest meme coin by market capitalization which is both a strength and a potential limitation.
Sherpa said DOGE’s size and deep liquidity make it easier for traders to enter and exit large positions but also tend to translate into lower volatility compared with smaller meme coins.
That appears to be part of the problem for speculative traders, according to Sherpa. He believes Dogecoin hasn’t attracted much interest because it is perceived as “too expensive.”
