September, 2021

Dogecoin Hype is Flatlining ($DOGE)

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Dogecoin Hype is Flatlining ($DOGE)

As the popular “meme” cryptocurrency, what Dogecoin ($DOGE) lacks in terms of a clear use case it makes up for with mainstream appeal…But, investor mentions show that hype for this meme is fading relative to the broader market.

Crypto-specific mentions regarding DOGE have fallen -41% QoQ and -51% vs, the prior month on a 7-day moving average.

DOGE still maintains the #8 rank in terms of market cap, with more than $33B invested and has gained by an impressive +2650% YTD

In recent months, it’s performance has fallen behind many other top-10 standouts like Cardano (ADA) and Solana (SOL), both of which are desirable due to their functionality.

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