Dogecoin price has dipped by 9% over the last seven days to trade at $0.313.
Dogecoin’s creator, known as @BillyM2k on Twitter, tweeted this morning that it is just five days to go until the Dogecoin car will be entering a race in Nashville.
This event is likely to bring greater exposure to the coin, which may have an impact on its price when the event takes place.
Dogecoin is currently experiencing a dip in price. Over the last seven days, its price has declined from a high of $0.307261 down to $0.329430.
This weekend, Dogecar 2.0 will be racing again in Nashville!
Dogecoin and NASCAR, aww yiss https://t.co/2lduMMJGrB
— Shibetoshi Nakamoto (@BillyM2k) June 17, 2021
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Why is Dogecoin’s price dip a good opportunity?
After reaching a high of around $0.7 last month, Dogecoin’s price has since declined, leading to accumulation opportunities for big whales.
The task for normal investors is to try and time their buying and selling to coincide with the moves made from big players.
Currently, it is unclear if Doge will decline further before moving back to the upside and aiming for the $1 mark – so investors should be aware of the risk of investing anything they cannot afford to lose.
This post was originally published on Coinjournal.
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