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Want to understand Dogecoin's temperament over the years? Today, let’s take a look at this mischievous coin’s volatility history.
**Early Stage (2013-2019): Small Fluctuations**
When DOGE was first launched, its volatility ranged between 60% and 170%, reaching a high of 151% in 2013. At that time, market attention was limited, and these fluctuations mainly stemmed from market sentiment and supply-demand changes—typical of early-stage cryptocurrencies. Prices would occasionally spike, but nowhere near as extreme as later on.
**Celebration Era (2020-2021): Crazy Dance**
Things started to change in 2020. That year's volatility averaged around 100%, and by 2021, this number doubled to 204%. Especially in early 2021, DOGE was like riding a rocket—surging nearly 30 times in a short period, with prices reaching around $0.07. But don’t celebrate too early; after May, it started to decline. From May to September, prices plummeted like a cliff dive, dropping to about $0.002. Compared to the peak at the beginning of the year, that’s a decline of over 97%. During this period, the turbulence caused by mainstream cryptocurrencies like Bitcoin, along with influencers like Elon Musk, pushed market sentiment into chaos, resulting in unprecedented price swings.
**Return to Rationality (2022-2025): Stabilizing**
In the past two years, DOGE has finally calmed down a bit. In 2022, volatility dropped to 106%, and in 2023, it further decreased to 53%. The market’s perception of this "joke coin" has become more rational; it no longer experiences the wild surges and crashes like before. However, entering 2025, some analysts are still watching it. Some believe that from a weekly chart perspective, DOGE’s pattern resembles classic signals seen before major rallies in history, suggesting it might experience some volatility again. But as for another extreme run like in 2021, there are no signs yet.
**Final Reminder:** The cryptocurrency market itself is inherently high-risk and uncertain. These historical data are only for reference; do not use them to directly predict the future. If you really want to play with DOGE, make sure to fully understand the risks and don’t let past stories dictate your decisions.