Dogecoin, the world’s largest meme coin, has experienced significant selling pressure, plummeting 16% over the past week and over 33% in the last month. As of this publication, Dogecoin trades at $0.1262, reflecting a 3.61% decline in its value, with its market capitalization standing at $18.164 billion.
DOGE/USD 24-Hour Chart (Source: CoinStats)
While Dogecoin’s price has seen a significant downturn, its trading volume presents a contrasting narrative. Recent data from Coinmarketcap reveals a noteworthy increase in trading activity, with a 49.63% surge compared to the previous day.
This boost has elevated Dogecoin’s trading volume to $2.116 billion. This indicates that despite recent price declines, investors remain actively engaged in trading Dogecoin, demonstrating sustained interest in the cryptocurrency market.
Despite recent declines in its market value, analysts remain bullish ab…
The post Dogecoin’s DOGE Trips 16% in a Week, Analysts Eye Mega Bull Run appeared first on Coin Edition.
Dogecoin, the world’s largest meme coin, has experienced significant selling pressure, plummeting 16% over the past week and over 33% in the last month. As of this publication, Dogecoin trades at $0.1262, reflecting a 3.61% decline in its value, with its market capitalization standing at $18.164 billion.
DOGE/USD 24-Hour Chart (Source: CoinStats)
While Dogecoin’s price has seen a significant downturn, its trading volume presents a contrasting narrative. Recent data from Coinmarketcap reveals a noteworthy increase in trading activity, with a 49.63% surge compared to the previous day.
This boost has elevated Dogecoin’s trading volume to $2.116 billion. This indicates that despite recent price declines, investors remain actively engaged in trading Dogecoin, demonstrating sustained interest in the cryptocurrency market.
Despite recent declines in its market value, analysts remain bullish ab…
The post Dogecoin’s DOGE Trips 16% in a Week, Analysts Eye Mega Bull Run appeared first on Coin Edition.