Dogecoin price: Analyst warns 'you may regret taking a punt' if DOGE bubble bursts

He was joined by the likes of rapper Snoop Dogg, KISS bassist Gene Simmons and TV chef Guy Fieri.

Consequently, DOGE investments made one year ago have already yielded more than 6,000 percent returns.

And some speculate the token is only going to go higher, possibly hitting £0.72 ($1) by the year 2025.

But not everyone has jumped on the DOGE bandwagon and despite the overall bullish sentiment, some analysts have warned foul play may be afoot.

According to David Kimberley, an analyst at Freetrade, there is a strong possibility dogecoin is being inflated by a small number of traders before a massive sell-off.

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