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Dogecoin price: Why is dogecoin value going up? Analyst warns investors over 'steep drop'

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“Cryptocurrencies have been getting enormous PR due to the astronomical rise in Bitcoin, and people are already thinking about the next big crypto mover,” said ADL Estate Planning’s Mohammed Uz-Zaman.

He told Express.co.uk: “Couple that with Elon Musk’s tweets about dogecoin, it’s only going to attract further interest considering his influencer status.

Asked whether he anticipates a rise in dogecoin, he added: “Probably but for how long, who knows?

“Whether investors will see a steep drop at some point, wouldn’t be surprising either.



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