Why Is Dogecoin Failling Sharply Today

Dogecoin (CRYPTO: DOGE) dropped 5.3% lower at $0.13 over 24 hours leading up to Friday morning.

DOGE dropped sharply lower alongside other major coins as the global cryptocurrency market cap decreased 7.2% to $1.7 trillion at press time.

Dogecoin Price Performance

Time-frame
% Change (+/-)

24-hour
-5.3%

24-hour against Bitcoin
2.9%

24-hour against Ethereum
1.7%

7-day
-6.8%

30-day
-21.8%

YTD performance

-25.8%

See Also: How To Get Free Crypto

The DOGE Factors

DOGE was among the most mentioned coins on Twitter. It attracted 984 tweets at press time, according to Cointrendz data. The three most mentioned coins were Bitcoin, KuCoin and Ethereum at press time.
The 24-hour trading volume for DOGE rose 25.95% to $1.2 billion, according to data from CoinMarketCap.
Coinglass data indicated that …

Full story available on Benzinga.com

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