In the cryptocurrency world, there is always some sort of market momentum to take note of. As more and more markets start to turn a bit bearish right now, there will be some alternatives which bleed value. When looking at the current Dogecoin price, it would appear there is a lot of gained value being obliterated in quick succession. This massive retrace is not entirely surprising either, but few people expected it to be this violent.
Dogecoin Price Returns to Normal Levels
It is not entirely abnormal to see a cryptocurrency market lose most of its recent gains in quick succession. While this usually takes a few days to materialize, it seems things are heading in the wrong direction where Dogecoin is concerned. More specifically, the meme currency of the internet had recently risen to a rather high level in both USD and BTC value, butt hat no longer appears to be the case.
To put this in perspective, the Dogecoin price has dropped by over 13% across the board in rather quick succession. This rather violent setback has put a…