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Crypto Crash: Can Dogecoin Reach $1 in 2023?

Crypto Crash: Can Dogecoin Reach $1 in 2023?

The total value of the cryptocurrency market opened at $760 billion in 2021 and soared to an all-time high of $2.9 trillion later that year. Interest rates are rapidly rising, which is damping investors' appetite for risk, and confidence has been eroded by a series of high-profile failures in the industry. Dogecoin (CRYPTO: DOGE) was hot during last year's frenzy, but it has since declined by 86% from its all-time high of $0.74.