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Dogecoin Slows Following Monster Gains—What Happened?
The post Dogecoin Slows Following Monster Gains—What Happened? appeared on BitcoinEthereumNews.com. Dogecoin is slowing down—at least for now—following a week of enormous gains. While other long-standing canine coins are down, there’s a new dog-themed token that’s picking up where DOGE left off, catapulting up the charts this week. The seventh biggest cryptocurrency by market cap is now trading for $0.38 per coin, CoinGecko data shows. That’s a 0.5% drop over 24 hours and a drop of 2.5% since last Wednesday. Granted, that’s a modest dip for a particularly volatile coin, but it’s also a dramatic shift from the last week of action. Just over a week ago, Dogecoin touched a three-year high price of $0.43 and returned to the $0.40 mark on Tuesday amid another Bitcoin all-time high push, but the last week has felt quiet compared to what had come before. Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) are also down on the day, with only BONK among those still in the green over the last seven days. Floki (FLOKI), however, is standing on its hind legs, up about 15% on the week following a Coinbase listing announcement on Wednesday. One newcomer in the meme dog pack is making waves despite the market dips. Just a Chill Guy (CHILLGUY), a Solana-based meme coin inspired by a viral TikTok of an anthropomorphic dog in casual attire, has surged 400% in the past day, reaching $0.41 with a market cap of $408 million. The token launched just this Monday. Why is DOGE down? Why has Dogecoin’s momentum slowed since last week? DOGE and other meme coins are notoriously volatile, making a pullback after a rally a typical occurrence. Dogecoin’s momentum is often driven by attention and hype. As the buzz around Donald Trump’s election win and speculation about Elon Musk’s proposed Department of Government Efficiency (D.O.G.E.) fades, the positive impact on…
The post Dogecoin Slows Following Monster Gains—What Happened? appeared on BitcoinEthereumNews.com.
Dogecoin is slowing down—at least for now—following a week of enormous gains. While other long-standing canine coins are down, there’s a new dog-themed token that’s picking up where DOGE left off, catapulting up the charts this week. The seventh biggest cryptocurrency by market cap is now trading for $0.38 per coin, CoinGecko data shows. That’s a 0.5% drop over 24 hours and a drop of 2.5% since last Wednesday. Granted, that’s a modest dip for a particularly volatile coin, but it’s also a dramatic shift from the last week of action. Just over a week ago, Dogecoin touched a three-year high price of $0.43 and returned to the $0.40 mark on Tuesday amid another Bitcoin all-time high push, but the last week has felt quiet compared to what had come before. Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) are also down on the day, with only BONK among those still in the green over the last seven days. Floki (FLOKI), however, is standing on its hind legs, up about 15% on the week following a Coinbase listing announcement on Wednesday. One newcomer in the meme dog pack is making waves despite the market dips. Just a Chill Guy (CHILLGUY), a Solana-based meme coin inspired by a viral TikTok of an anthropomorphic dog in casual attire, has surged 400% in the past day, reaching $0.41 with a market cap of $408 million. The token launched just this Monday. Why is DOGE down? Why has Dogecoin’s momentum slowed since last week? DOGE and other meme coins are notoriously volatile, making a pullback after a rally a typical occurrence. Dogecoin’s momentum is often driven by attention and hype. As the buzz around Donald Trump’s election win and speculation about Elon Musk’s proposed Department of Government Efficiency (D.O.G.E.) fades, the positive impact on…
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