Dogecoin (DOGE) Whales Transactions Slump, What Can Revive DOGE Price?

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Dogecoin (DOGE) faces strong suppression despite growing trading volume

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Dogecoin has been on a downtrend for quite some time, but at the time of writing, its price is up by 0.66% to $0.06142, per data from CoinMarketCap. While this recovery is too faint to be trusted, the digital currency might have to flash more convincing fundamentals to help sustain its price surge.

At the moment, Dogecoin is exhibiting resistance in unique ways, a testament that it has a relatively stunted utility across the board.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.

 

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