Dogecoin (CRYPTO: DOGE) has been on a remarkable journey since its launch in 2013. Initially created as a joke token, Dogecoin has experienced impressive growth and established itself as one of the most popular cryptocurrencies in circulation today. Its rise to fame has been attributed to not only its dog-inspired meme status in the community, but also its low fee structure, fast transaction times, and wide acceptance among merchants.
With these advantages, many may wonder if Dogecoin can reach $1 in 2023.
After hitting an all-time high of $0.682 per token on May 8, 2021, it's been mostly downhill for this Shiba Inu-inspired meme token. As of Feb. 6, Dogecoin trades just above $0.09, having lost more than 85% of its value from its peak.
Source Fool.com