Dogecoin Price Growth Might Not be as Expected – Says Crypto Analyst

Dogecoin

The biggest factor pushing the price to drop further is the growing number of Dogecoin whales selling

Key Points:

  • Dogecoin might plunge further
  • Dogecoin adoption might slow down
  • Bitgert competition shall slow Dogecoin’s growth

Expectations were high that Dogecoin might do very well immediately after the crypto market starts recovering from the bear condition. But the crypto analysts have said that Dogecoin investors might get discouraged. There is so much that is going on around the Dogecoin that might make the coin growth go opposite of the investors’ expectations.

Dogecoin is among many other coins trying to shed off the meme coin tag, which crypto experts say is the reason the coin is performing badly. Note that from the Dogecoin ATH, the coin has been plummeting. The Dogecoin ATH was reached in the first week of May 2021, and from then, the price has been plunging non-stop.

The biggest factor pushing the price to drop further is the growing number of Dogecoin whales selling. The Dogecoin whales have been selling, especially during the bear market. Crypto analysts say that the Dogecoin whale might continue to sell because the coin seems to be on a free fall.

If Dogecoin whales don’t stop selling, there will be a massive drop, and the cascading effect might collapse the Dogecoin coin. But there has also been the issue of the Dogecoin competition, especially projects with real utility or use cases. Projects like Bitgert (BRISE) are gaining a lot of attention and getting a lot of meme coins’ holders.

Bitgert might be the Dogecoin, and many other meme coins killer, according to crypto analysts. Apart from being a crypto coin with real utility, Bitgert is a project with the fastest-growing ecosystems. The Bitgert team is delivering the project faster than Dogecoin or any other crypto project out there.

Unlike Dogecoin, Bitgert has its own blockchain, BRC20, which is now the fastest chain and has the lowest gas fee. In fact, Bitgert BRC20 is the first zero gas fee chain in the crypto industry. The massive adoption of the Bitgert chain is the reason Bitgert has been bullish while Dogecoin has been plummeting. This has caused many Dogecoin investors to join Bitgert.

The upcoming developments, which include disruptive products in the Bitgert roadmap V2, and the many projects from the Bitgert startup studio, also make Bitgert an attractive crypto project to Dogecoin and other crypto investors.

Therefore, Bitgert is among the crypto projects that crypto experts have cited as the biggest threat to Dogecoin. Bitgert is among many other factors that might slow down the projected Dogecoin growth this year.

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