Dogecoin’s Four-Legged Fall — DOGE Slides to 9th Market Cap Position Dropping...
The infamous dogecoin was one of the first meme-based digital currencies and it’s safe to say that the coin inspired a myriad of meme-focused or joke tokens meant to be used for fun. However, while dogecoin has had a phenomenal 2021 rising 8,515% in 12 months, during the last month dogecoin prices have stagnated a great deal. At one time, dogecoin held the fourth largest market capitalization but today, the original meme-coin’s overall market valuation has slid to the ninth position. Dogecoin Slips to the Ninth Largest Market Position After Price Highs Subside, 67% Down From....
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Since the beginning of this year, Dogecoin, the largest meme coin, has been riding the bearish wave, dropping from its yearly high of $0.48 to as low as $0.15. DOGE’s persistent descent is a testament to the highly volatile nature of the cryptocurrency market. Nonetheless, this substantial drop might be nearing its end as analysts […]
The Shiba Inu price has closely followed Dogecoin, considering that the two are the largest meme coins by market cap. This has led to talks of what SHIB’s price would be if it reached Dogecoin’s market cap. What The Shiba Inu Price Will Be If It Reaches Dogecoin’s Market Cap MarketCapOf data shows that the […]
Dogecoin’s rebound from recent lows has carried the memecoin into a dense resistance area, with crypto analyst Kevin of Kev Capital TA warning that the move remains a “counter trend rally” unless Bitcoin confirms a broader market reversal. In a May 6 market update, Kevin said Dogecoin’s recovery has so far played out in line with his prior view that the asset was likely to see a rebound from deeply oversold levels. He noted that he entered a DOGE position around $0.09 and that the trade was up roughly 26.6% at the time of recording. But he framed the rally as tactical rather than decisive,....