Dogecoin price prediction: Is a June rally likely?

According to the data from CoinMarketCap, Dogecoin (DOGE) performed well in the month of May, with its price increasing by over 28% over the past 30 days. However, the month didn't end on a bullish note, as its value dropped by over 4% in the last week. At the time of writing, DOGE was trading at $0.1592 with a market capitalization of $23 billion, making it the 8th largest crypto. Despite the drop in value, the social volume of DOGE remained high, reflecting its immense popularity.

At the time of the article, Dogecoin's market capitalization was $23 billion, and it was ranked as the 8th largest cryptocurrency.