Dogecoin Hits 2-Year Price High But Faces Growth Headwinds From Unlimited Supply
• Dogecoin recently hit a 2-year price high of $0.20, but is still well below its all-time high of $0.68 from 2021
• There is potential for Dogecoin to go on a speculative run again if interest and demand increases like in 2021
• However, Dogecoin's unlimited supply works against long-term price appreciation as more coins enter circulation
• Investors should view Dogecoin as a volatile, speculative short-term play rather than a long-term investment
• It's wise to take profits if Dogecoin spikes in price again due to its lack of fundamentals and ever-increasing supply weighing down future growth