Hey there, I'm Rezzy and this post is based on Dogecoin and it's story so far.
Dogecoin, a cryptocurrency, which was created in the year 2013 which features the Shiba Inu dog and started as a memecoin/parody coin (joke), gained quite impressive and shocking momentum in the last quarter of 2020 and also the first quarter of 2021.

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The cryptocurrency skyrocketed an average of 9,000% through 2021 and this is mainly because of its support and frequent endorsements from celebrities such as Elon Musk(Tesla and SpaceX Owner) "the DogeFather" as he calls himself,

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An Example of A recent Tweet by Elon Musk

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• Mark Cuban(Dallas Mavericks Owner),

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• Lil Yachty(Artists),
• Snoop Dogg and the many people on social media whose trendy posts causes surge in price of the cryptocurrency.
  Despite the immense support from the celebrities and the people, Dogeecoin's price took a drastic turn around along with other currencies in the past months and it's recovery and dream price of 1Doge=$1 is a thing of speculation between the holders and experts at the moment.
  According to many Crypto Experts, Dogecoin is a quick money setup and investors are going to be wrecked if they don't get out quickly.

SOME REASONS FOR DOGECOIN'S DOWNFALL

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Dogeecoin's downtrend could be easily pointed out to the fact that we're In a bear market, but is that really the only reason? Here's a list of few causes of it's recent drop in price:

• The fact that Dogecoin is a meme coin and it has stayed that way since 2013
• The fact that it has no Intrinsic Value
• The fact that it hasn't been globally used as a Reliable Payment System, although minor populations of the Dogecoin community have introduced Dogecoin as a means of payment, it needs a major upgrade in the overall global acceptibility as a Payment System.
• Some investors secretly following the back door, yes, this is a fact that has to be known by all Dogecoin holders. Other holders might be reducing their total holdings while still keeping up the hype on the social media and you might be the one of the last holders and keeping you in the top position of getting burned!
• Elon Musk's recent posts on other coins such as Shiba Inu and Baby Doge which has given the other investors the impression that their "DogeFather" might have switched Allegiances.
• The General crypto Market slump: yes, Dogecoin holders can still keep their hand over the sea level while holding(hope), the recent dips might just be the cause and when the General crypto Market recovers, I'm pretty sure that Doge will also bounce back!

Some Popular statements on Dogecoin

"My guess is that the rally won't last, especially for something like dogecoin which was never meant to be a payment system or a store of value,"-Adam Zadikoff

Zadikoff also recommends that instead of Dogecoin, investors who don't have much money to lose put their funds in bitcoin or ethereum, saying that despite their volatility, they have proven themselves to be "the smarter, safer bet" in crypto.-Source

"You risk loosing nearly all the money you put in"-James Ledbetter

" The Parody currency often appeals to investors due to its status and popularity on social media with celebrities"- Michael Kamerman

Closing Remark

Despite all these remarks, the Popular cryptocurrency could rally and be a thing of shock just as it did early 2021.

• I'm still new to cryptocurrency so pardon me if my presentation isn't well detailed enough to you.
  Thanks for Your Time🤝🏽

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