CoinTelegraph
Dogecoin (DOGE) is underperforming most of the cryptocurrency market today, having fallen over 4% in the last 24 hours to trade at $0.163.DOGE/USD daily price chart. Source: Cointelegraph/TradingViewKey takeaways:Dogecoin price lost 20% between March 27 and March 31.DOGE drops after Elon Musk said the US government has no plans to use Dogecoin.DOGE’s recent downturn mirrors the continued panic across the memecoin sector.Price chart technicals hint at more losses ahead.DOGE falls alongside other memecoinsThe bearish sentiment was not only exclusive to Dogecoin as most other memecoins recorded significant losses across the board.Key takeaways:Shiba Inu (SHIB…
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Why is Dogecoin price down today?
Dogecoin (DOGE) is underperforming most of the cryptocurrency market today, having fallen over 4% in the last 24 hours to trade at $0.163.DOGE/USD daily price chart. Source: Cointelegraph/TradingViewKey takeaways:Dogecoin price lost 20% between March 27 and March 31.DOGE drops after Elon Musk said the US government has no plans to use Dogecoin.DOGE’s recent downturn mirrors