Dogecoin Drops 6%: Why Is It Going Down?
Posted On June 12, 2025
Dogecoin (CRYPTO: DOGE) is down 6% on Thursday but remains on traders’ watchlists for a potential breakout.
What Happened: Market commentator Investing Haven modeled the potential returns of a $1,000 investment in DOGE over one year.
In a stable or modestly bullish market, the potential return would be $1,050 to $1,400; in a hype-driven rally $1,500 to $2,000.
The commentator pointed out that Dogecoin is trading around $0.18 levels with strong volume and a valuation of $27.5 billion, backed by a loyal community. Still, it remains highly speculative due to its inflationary supply (5 billion new coins annually) and …
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