When the Bitcoin value goes in the red again, the alternative markets tend to follow suit pretty quickly. It is commendable to see some altcoins, tokens, and assets attempt to buck the inevitable trend, albeit most effort will ultimately be in vain. Despite some promising changes this week, the Dogecoin price is losing some of its regained value already.
Dogecoin Price Resumes the Downtrend
When it comes to analyzing individual cryptocurrency markets, it is often futile to look for common denominators. Altcoins follow Bitcoin, a trend that has become more than apparent in the past few years. Dogecoin, while often successful in terms of negating bearish pressure, appears to follow Bitcoin’s trend today as well. Although the losses are less steep, the overall trend isn’t too positive by any means.
Over the past 24 hours, the Dogecoin price balance shows a 0.5% loss in USD value and a 0.4% setback over Bitcoin. Because of these negative developments, one DOGE is worth $0.002079, or 52 Satoshi. Both of these levels have…