At the moment, the rate of Dogecoin (DOGE) is 0.208 USD. Over the past day, the value of the famous asset has increased slightly, by 0.9%. Within seven days, the price of DOGE has fallen by more than 33%. Such a fall is the deepest, in comparison to other cryptos. According to analysts, such a sharp decline in the value of Dogecoin has been caused by the general situation in the cryptocurrency market.
The news background is still unfavorable for all cryptocurrencies, and in relation to DOGE, ratings range from enthusiastic to extremely negative. So far, there is no serious support from the community and Elon Musk, who is not active in relation to Dogecoin, so the price of the cryptocurrency continues to fall.
According to experts, investors now do not pay attention to Dogecoin and similar currencies, and expect an increase in the value of the asset in the coming days is not worth it. The most likely scenario is that the price of DOGE will fall by a few more percent, and then there will be a correction phase and a small rise in the value of the cryptocurrency.
We continue to monitor the dynamics of Dogecoin exchange rate and the general situation in the cryptocurrency market.