Dogecoin spikes 300% in ONE week – why is cryptocurrency Dogecoin rallying?

Loyal DOGE followers have taken to Twitter in their droves to show their support for the growth in Dogecoin, with social media another catalyst for the increasing prices.

One Twitter thread which was titled “Dogecoin is the next GME/Bitcoin” (GME is GameStop), said getting Dogecoin to $1 a coin would be "an incredible achievement".

The thread added it would "completely change the crypto market… Dogecoin to the moon."

Many have set a target to push Dogecoin to reach $1 in the coming days, urging others to invest.

And Twitter users have said they are eagerly watching the price of DOGE, with some regretting selling their coins early.

One tweeted: "Me checking the Dogecoin price every second and seeing how much money I lost out on by selling it a day early is like stalking an ex girlfriends social media and seeing them dating @TheRock."

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