Why is Dogecoin Falling?

Why is Dogecoin Falling?

Dogecoin is doing more than falling in value, forcing investors to wait for the bottom to fall out before it can recover. However, a fandom battle is brewing among proponents of Shiba Inu, Safemoon, and Dogecoin. Recently, Dogecoin has been losing on every front, dropping 2.2 in the last 24 hours, losing over 20 in the past 7 days, falling over 28 in 30 days, and dumping over 21 year-to-date. As Dogecoin fell, it lost value with Bitcoin and Ethereum. Meanwhile, Fantom jumped to the 3rd-most mentioned token on Twitter ($TWTR@US). Crypto analysts are noting that this is not the same as other downturns in the crypto market because these tokens can regain their value in the forthcoming months. A recent poll from CoinMarketCap showed that investors are most confident in Shiba Inu and Safemoon, outpacing Dogecoin by nearly 10. Finally, Dogecoin co-founder Billy Markus a key signal of a bear market, ”people start talking about the tech again.” At press time, Dogecoin was sitting at 12.83, down nearly 8 on rising volume and a slight drop in its market cap.


User: Benzinga

Views: 1.8K

Uploaded: 2022-01-24

Duration: 01:03

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