# Dogecoin; Why Dogecoin Is Facing Volatility? And How It Can Surge? Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/dogecoin-why-dogecoin-is-facing-volatility-and-how-it-can-surge Last modified: 2021-09-20 --- By Shayne Heffernan · 2021-09-20 Tags: Shayne Heffernan on Investments, Headline News, Top Stories, Crypto, Todays Trade Ideas, Knightsbridge Insights, Dogecoin, Must Read, Most Popular Signed: no (published before platform launch). Nothing in this article is investment advice. *Dogecoin is facing volatility as a cryptocurrency, but it can surge if the following points are considered* ### *Dogecoin* [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) is a cryptocurrency just like bitcoin, Ethereum, Tether, and others. However, it is less competitive than the others due to specific reasons. Although Dogecoin became a topic of many popular [memes](https://www.merriam-webster.com/dictionary/meme), it is considered the fifth-largest cryptocurrency by the market cap. ### *Dogecoin During the Past Few Months* Dogecoin has seen phenomenal progress during the past few months. This progress can be determined by its price, up approximately 5,600% since the beginning of the year 2021. Remarkably, [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) has a significant shot up by more than 12,900%. However, the type of progress and growth of [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) remained comparatively unmatched, primarily Bitcoin increased by 37.0% and [Ethereum](https://ethereum.org/en/), whose price has tremendously increased by around 251% since the start of 2021/. During May June 2021, Ethereum has faced a significant fall as it lost half of its value in just a few weeks as its prices sunk by around 45.0% since reaching their peak during May 2021. Notably, fluctuation and volatility are considered a normal phenomenon in the stock markets, and most of the investments are quickly receiver even after the fall of value. Still, the rates of cryptocurrency are an uncharted phenomenon. Now the question is whether the [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) will recover or the collapse remain constant? There are three essential things you should take under consideration: ### *Why Is Dogecoin Gushed but Declined?* First, it is essential to remember that, Dogecoin emerged a few months right after the growth of the cryptocurrency, and many investors took a particular interest in it. However, as compared to its competitors, investors artificially inflated its price to make quick money. Lacking the potential fundaments, [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) does not have any utility. Yet, inexpensive investment in [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) will help the investors to generate more profit once its price rises. *Unsustainable Price Surgence *Due to a lack of alignment with the fundamentals, [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/) does not have any sustainable growth. Due to this reason, we expect consistent volatility in the Dogecoin. Also, the lack of interest and investments in Dogecoin is another primary reason behind its volatility. However, the price of Dogecoin can bounce back if the investors and retailers start investing in it, indicating a possible rise in its value. ### *Need for a Competitive Advantage* Doge is weak and under less consideration as compared to it competes. For example, bitcoin and Ethereum due to their open source blockchain technology. However, Dogecoin does not have any unique side to attract potential investors. In other words, Dogecoin lacks any [competitive advantage](https://www.fool.com/investing/how-to-invest/stocks/competitive-advantage/)/. Adding a competitive advantage can help to surge the Dogecoin’s value in the best possible manner. ### *Conclusion:* According to [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/), Dogecoin price on September 14, 2021, remained $0.242671 with a twenty-four-hours trading volume of USD 894,914,477. It remained up 2.03% during the last 24 hours with the recent[ CoinMarketCap](https://coinmarketcap.com/currencies/dogecoin/) ranking #9. However, if you want to make investments in Dogecoin, you should keep the discussed risks under consideration. You cannot predict the future, so you have to remain cautious while making any investments in [Dogecoin](https://coinmarketcap.com/currencies/dogecoin/). --- This Markdown mirrors https://www.livetradingnews.com/dogecoin-why-dogecoin-is-facing-volatility-and-how-it-can-surge. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt