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Signs of a 90% Dogecoin Daily Turnover (DOGE).

The blockchain data analysis platform has been identified in the latest published information. Dogecoin (DOGE) turnover after touching its highest level again in three months on October 29. It has decreased significantly. One of the main reasons for this decrease in daily turnover can be considered the behavior and sharp fluctuations in the recent prices of Dogecoin (DOGE).

Recently, despite the high volume of transactions in the Dogecoin network (DOGE), we have witnessed a 43% increase in the price of this mem coin. We also saw the Dogecoin (DOGE) corrective behavior of 12% when it reached its highest level in the last three months. Another 5% decrease followed this.

When market fluctuations increase dramatically, and there is no controllable by traders. Many traders transfer their assets from wallets to their exchange accounts. The opposite is also true. With prices stabilizing and volatility steadily declining, market participants tend to leave their funds unchanged in exchange offices or wallets, reducing daily turnover.

 Dogecoin (DOGE
Dogecoin (DOGE

As you are well aware, significant price fluctuations and movements in financial markets are, in most cases, related to the increase in the value of digital assets also, since the daily turnover is measured in terms of volume instead of the number of transactions. When the addresses of cryptocurrency whales, such as DOGE, move their assets. Traders and financial market participants, and cryptocurrencies were expected to expect sharp price fluctuations.

At this time, it can be seen that. The Dogecoin is trading at $ 0.28 with a 1.4 percent drop in value. The last volume numbers in Binance have now reached an average of 1.5 billion.

Source: u.today

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