The value of Dogecoin DOGE/USD has been plummeting because it hit its peak in 2021. On the time of writing, it was buying and selling at $0.08531, dropping virtually 4% within the final seven days.
Dogecoin has skilled one of many worst declines within the crypto’s historical past, falling by virtually 90% from its all-time excessive of $0.7376 set on Might 8, 2021.
Additionally Learn: After Jeff Bezos, Elon Musk Calls Dogecoin Creator ‘Wise’
Nonetheless, a majority of traders within the meme coin nonetheless have their heads above water. In line with IntoTheBlock information, 53% of all traders are nonetheless in revenue.
IntoTheBlock additionally signifies that Onchain indicators are bearish for DOGE, together with web community progress and huge transactions. In the meantime, derivatives exercise is exhibiting a bullish signal, with optimistic futures market momentum.
In comparison with this, solely 51% of Bitcoin BTC/USD traders are in revenue. However, Ethereum ETH/USD continues to be seeing 59% of traders in revenue.
