This could be just for the next little while, of course. If the markets end up taking everyone by surprise and correcting more deeply DOGE could fall further vs BTC.
The coins were more or less falling at the same pace vs. the US dollar, until today when Dogecoin spiked.
The coins were more or less falling at the same pace vs. the US dollar, until today when Dogecoin spiked.
Note
To make it clear, I think there's a good chance that the markets could fall further given the severity of the recent drop, and that what we're seeing now could just be a bull trap. The main purpose of this post is to show that (so far) the drops made by DOGE have been caused by the falling price of BTC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.