Dogecoin Network Activity Craters By 95%: What Is Going On?

Dogecoin’s (CRYPTO: DOGE) on-chain metrics and price are deteriorating, but bullish traders remain optimistic about a major move ahead.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Dogecoin (CRYPTO: DOGE)  $0.2064 $30.6 billion +0.08%   -18.8%
Shiba Inu (CRYPTO: SHIB)  $0.00001417 $8.4 billion +2.4%  -8% 
Pepe (CRYPTO: PEPE)  $0.058132 $3.4 billion +3.6%  -13.6% 

Trader Notes: Crypto trader Javon Marks believes that the recent pullback doesn’t alter Dogecoin’s historical price cycles.

He sees DOGE still in its third bull cycle, with a move beyond its all-time high of $0.73905—implying a 252% surge from current levels.

Trader Tardigrade compares DOGE’s price action to the 2017-2018 bull run, indicating it could be …

Full story available on Benzinga.com

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