The OG Meme Cryptocurrency Dogecoin (Doge) appears to be running in sync with other markets. The asset has been seen struggling over the past few days. Doge recorded a downfall of almost 8% last week. At the time of writing, the asset priced at $0.1669. This occurs after a 1.88% drop in the last 24 hours. The latest DIP is a major setback for Doge investors who were hoping to witness the rise in May.
Among these, significant development was underway in the DogeCoin network. To enhance the ability to create applications on the DogeCoin blockchain, Dogeos has raised $6.9 million in investment, with poly-completed capital serving as a major investor. This money will boost the Dogecoin ecosystem and its decentralized finance services by enabling DoGeos to support a variety of consumer apps.
It should be noted that DoGeos attempts to connect the Dogecoin community with on-chain innovation by offering new use cases and incorporating Doge into additional apps. However, this bullish news had little impact on the price of cryptocurrency in OG memes.
Dogecoin price forecast
The asset appears to slow it down in the next few days. The world’s largest meme coin will drop even further from its current price in mid-May. According to Concodex, Dogecoin is priced at $0.159,001. This indicates a significant downfall from current price levels. Meme Coin will continue to take on current trends throughout the month. The community could see the meme coins rise to a notable level at the end of May.
