The past week has been rather interesting for Dogecoin community members. Not necessarily because a lot of things happened, but rather because of the Dogecoin price rising significantly. Although an out-of-hand April Fool’s Joke is the main reason for the recent price gains, it seems all of that momentum has come to an end. It is one of the first top markets to show worrisome signs of a trend reversal.
Dogecoin Price Uptrend Collapses
For most cryptocurrency enthusiasts, Dogecoin is a bit of an unusual market. Its momentum often makes very little sense compare dot Bitcoin and other top markets. Moreover, there are plenty of people who feel this currency shouldn’t even exist. Even so, there is always some money to be made where DOGE is concerned, which allows this market to thrive under most circumstances. Today, however, the positive momentum has disappeared completely.
To put the current DOGE trend into perspective, there is a net 4.5% Dogecoin price loss. As such, one DOGE is now valued at $0.003297, which is still…