Even though many speculators expected Dogecoin to go through a bull run, it hasn’t happened as of yet. In fact, the opposite is coming true, following declines in USD and BTC value. Even though the network remains very popular and suitable to transfer value, the current price level isn’t necessarily representing the appeal of Dogecoin right now.
In a somewhat surprising turn of events, the value per Dogecoin is not going up as most people had anticipated. In fact, it seems this popular altcoin cannot escape the gravity of the overall bear market affecting the cryptocurrency industry. When even Dogecoin begins to falter, things are not looking good heading into the weekend. Then again, weekends are usually very adverse when it comes to cryptocurrency trading momentum.