It has been a very interesting day for all cryptocurrencies, tokens, and assets yesterday. Although it seemed there would be some positive price momentum waiting to materialize, the end result is rather disappointing. Further bearish pressure has brought the Dogecoin price down again. At this rate, the popular altcoin may very well drop below $0.002 in the coming days.
For those people involved in cryptocurrency for more than five years, the current bearish trend makes some sense. It is evident all markets are being kept down after a mega bullish year 2017. Most of those gains have now been completely eroded, yet the situation will remain in place until Bitcoin effectively notes sold gains. For now, that seems incredibly unlikely to happen, as the world’s leading cryptocurrency struggles badly.