Dogecoin Can’t Seem to Break Through

Overnight, Dogecoin took another nosedive of around a percent, sinking back to 16 cents. In the past 7 days, the token has dropped over 4%, losing more than a percent to both Bitcoin and Ethereum. The token has refused to make any gains recently, losing over 3% in the past 30 days and more than 33% in the past 90 days after reaching an all-time high of 74 cents in May of last year. Unfortunately, DOGE did not move in tandem with major cryptocurrencies, remaining stagnant as Bitcoin and Ethereum rebounded. On the flip side, DOGE bull David Gokhshtein of Gokhshtein Media says DOGE going to $1 is an “easy call” while the Internet is calling for McDonald’s ($MCD@US) to accept Dogecoin as tender for purchases as Tesla ($TSLA@US) began accepting the meme coin for some merchandise on its website. Dogecoin co-creator Billy Markus even asked his followers to make sure McDonald’s gets high engagement on its Dogecoin tweet, hoping to push the fast-food chain across the line, as it were. At press time, Dogecoin was up nearly a percent, sitting at 16.62 cents on decreasing volume and an increasing market cap.