The price of Dogecoin has fallen by 9% over the past seven days, trading at $0,313.
Dogecoin’s creator, known as @ BillyM2k on Twitter, tweeted this morning that there are only five days left before the Dogecoin car will participate in the race in Nashville.
This event is likely to attract more attention to the coin, which may affect its price once the event occurs.
Dogecoin is currently losing strength. Over the past seven days, its price has fallen from a high of $0.307261 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 slump a good opportunity?
After hitting a high of about $0.7 last month, Dogecoin’s price has been falling ever since, leading to accumulation opportunities for large whales.
The challenge for the ordinary investor is to try to time his purchases and sales so that they coincide with the movements of the big players.
Currently, it is unclear whether Doge will continue to fall before moving back up and targeting the $1 mark-so investors should be aware of the investment risk and invest only the amount they can handle the loss.