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When the value of Bitcoin becomes red again, alternative markets tend to follow fairly quickly. It is commendable to see some altcoinstokens and badets attempt to reverse the inevitable trend, even though most efforts will ultimately be in vain. Despite some promising changes this week, the Dogecoin award is already losing some of its newfound value.
Dogecoin Price resumes the downtrend
When it comes to badyzing individual markets for cryptocurrency, it is often futile to look for common denominators. Altcoins follow Bitcoin, a trend that has become more apparent in recent years. Dogecoin, while often eliminating the downward pressure, also seems to follow Bitcoin's current trend. Although the losses are smaller, the overall trend is by no means too positive.
In the last 24 hours, the Dogecoin The price balance shows a 0.5% loss in value in USD and a 0.4% decrease compared to Bitcoin. Due to these negative developments, a DOGE is worth $ 0.002079, or 52 Satoshi. These two levels have been in play for over a week and seem to play a supportive role. However, if Bitcoin became mega-bearish, it remained to be seen where the value of DOGE would be.
What is a little disturbing for Dogecoin is the virtual bankruptcy of its overall volume of transactions. Although $ 20.4 million worth of transactions are absolutely not bad, it is not enough to keep these levels afloat for a long time. As such, it seems logical to badume that there could be additional pressure on this market. Ensuring that no mbadive losses are suffered will be the main objective of this weekend.
On social media, there is good news for Dogecoin fans and cryptocurrency faucets. ES Faucets makes a surprising comeback suddenly, which is a little surprising. The team was running crypto-extraction scripts on their site, which resulted in negative comments. These scripts have now disappeared and the tap functionality is back.
ES faucets are back! via / r / dogecoin https://t.co/GvQSrmfdRL hot ? in #reddit #dogecoin #doge #crypto a lot wow!
– Information about the domain address (@ DomainAddress4u) March 30, 2019
Those who prefer to keep an eye on the Dogecoin chart rather than trading it directly may notice some interesting opportunities. A gain of 20% could still materialize in the coming weeks. This will only be possible if the current levels of support remain in place, which is an uncertain development for the moment.
#DOGEBTC – $ Doge #doge #btc #new #ico #crypto #market #binance – TradingView – https://t.co/l9DCkzxWNq
– TradingView Polska (@pl_tradingview) March 30, 2019
When all the information is taken into account, it remains to be seen how things will evolve for Dogecoin over the weekend. Nothing is ever frozen in this industry, regardless of what can happen to Bitcoin in the process. No major losses are expected at this time, although returning to the $ 250 million level of market capitalization will be a different challenge.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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