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A closer look shows that DOGE price is now down 20% in the last 10-days, wiping out over $3.7 billion from its market capitalization in the process. DOGE Miners Pilling Data insights from CoinGlass reveal that Dogecoin (DOGE) traders have witnessed severe liquidation in the last 24 hours. The data shows that DOGE short traders Dogecoin has had a rough end to April, seeing its price tumble and lose an estimated $3.7 billion in market cap in the last 10 days. The leading meme-coin asset is down Hace 1 día Dogecoin tumbles over 10% in a midnight sell-off, The dropfrom $0.226 to $0.202occurred around midnight, coinciding with a surge in trading volume to 1.18 billion A closer look shows that DOGE price is now down 20% in the last 10-days, wiping out over $3.7 billion from its market capitalization in the process. Looking beyond the Hace 1 día Speculative plays like Dogecoin are especially vulnerable in volatile situations. Many investors opted to buy stocks instead of transacting in altcoins like Dogecoin, as the S&P 500 index closed

Dogecoin Loses $3.7 Billion in 10 Days: What's Happening to DOGE?

Dogecoin has had a rough end to April, seeing its price tumble and lose an estimated $3.7 billion in market cap in the last 10 days. What's behind this significant drop? This article delves into the factors contributing to Dogecoin's recent struggles.

DOGE Price Plummets: A Closer Look

A closer look shows that DOGE price is now down 20% in the last 10-days, wiping out over $3.7 billion from its market capitalization in the process. The leading meme-coin asset is facing increased selling pressure. The drop from $0.226 to $0.202 occurred around midnight, coinciding with a surge in trading volume to 1.18 billion.

DOGE Miners Pilling Data: Liquidations and Short Traders

Data insights from CoinGlass reveal that Dogecoin (DOGE) traders have witnessed severe liquidation in the last 24 hours. The data shows that DOGE short traders have also been impacted by market volatility.

Speculative Plays and Market Volatility

Speculative plays like Dogecoin are especially vulnerable in volatile situations. Looking beyond the immediate price drop, broader market trends are also playing a role. Many investors opted to buy stocks instead of transacting in altcoins like Dogecoin, as the S&P 500 index closed positively. The uncertainty surrounding the cryptocurrency market often leads investors to seek safer havens.

What's Next for Dogecoin?

While the recent losses are significant, the future of Dogecoin remains uncertain. Factors like community support, adoption by businesses, and overall market sentiment will continue to influence its price. Stay tuned for further updates and analysis on Dogecoin's performance.

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