The Dogecoin (DOGE) market made headlines for all the wrong reasons. According to recent updates, co-founder of the Bitcoin sidechain Sequentia, Andreas Kohl, recently revealed that he had brought down 69% of the Dogecoin network. Kohl carried it out in El Salvador using an outdated laptop. Before the vulnerability was exploited, Dogecoin had 647 active nodes. But the real question is if this hack impacted the price of the meme coin.
Also Read: How High Will Bitcoin Surge After Donald Trump Takes Office?
Dogecoin’s Recent Drop
The OG meme cryptocurrency has witnessed a slight drop. This could be linked to both the overall market sentiment and the latest exploit. At press time, Dogecoin was trading at $0.4017 following a 2.83% decline over the past 24 hours. It should be noted that DOGE surged all the way to a high of $0.4835 earlier this month.
DOGE has been a top performer throughout the year. The OG meme cryptocurrency has surged by around 335% during this period. About a year ago, the asset was trading at $0.07798. Despite this uptick, DOGE continues to trade 45% below its all-time high of $0.7376.
Also Read: Chainlink Outperforms Solana, XRP Amid $4.9M Whale Purchase
Potential Profits
According to data from CoinCodex, the price forecast for Dogecoin in 2026 is optimistic. According to forecasts, the DOGE cryptocurrency will peak at $0.504321 in February and fall to $0.379115 in May. In 2026, the average price of DOGE is predicted to be $0.422556.
Also Read: Trump’s Pick for CFTC Chair: Will Brian Quintenz Rewrite Crypto Rules?
While this may not be a major uptick, it is much higher than its current price level. If an investor pours in $1,000 at today’s price, they might garner a rather dainty gain in the year 2026. CoinCodex revealed that the investor could see a potential profit of $ 223.83. This further translated to a 22.38% rise over the next 437 days.
Credit: Source link