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Why is Dogecoin Struggling?

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Why is Dogecoin Struggling?

Benzinga

17 Views • Nov 22, 2021

Description

Dogecoin was down 3.3% or about 22 cents lower on Monday morning. The token has lost 0.57% against Bitcoin, but it rose 0.89% against Ether over the past 24 hours. In the last 30 days, the token has dropped 9 and a half percent, and 29.8% over the past 90 days. DOGE is now the 11th-largest token by market cap after it was overtaken by Avalanche. Dogecoin was not among the top 10 mentions on Twitter ($TWTR@US), but interest in the token is still strong due to its low price per token. It’s also staying in the news as co-creator Billy Markus took to Twitter once again to ask Doge enthusiasts not to take the coin too seriously. Despite all the negatives, the token is still up over 3804% since the beginning of 2021, reaching an all-time high of 74 cents in May, with many analysts believing it will break $1 by the end of the year.

Keywords & Tags

#bitcoin #crypto #cryptocurrency #nft #non-fungible token #finance #business #crypto news #blockchain #tech #all-time high #analysts #Twitter #Elon Musk #altcoins #token #economic recovery #digital asset #crypto broker #crypto mining #Billy Markus #co-creator #economic growth #virtual currency #Ether #economic outlook #Avalanche #DOGE Drops #Dogecoin Struggling #Doge enthusiasts

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