Dogecoin (DOGE) price started its downfall as quick as its uptick began amid high retail euphoria stemming from the Twitter acquisition.
Meme tokens like Dogecoin and Shiba Inu (SHIB) have been volatile to larger market price changes. So, it should come as no surprise so see DOGE price depreciate by almost 50% in one week after charting a multi-month high.
DOGE price has been on a rollercoaster ride for traders and investors in the past month. As the Elon Musk-fueled meme coin rally finally ended, Dogecoin price started its downward spiral falling from a high of $0.158 on Nov. 1 to $0.087 at press time.
With price action still in disarray, here’s what on-chain metrics said about DOGE price.
Dogecoin Network Vibrancy Falls
Dogecoin has never been much into silent rallies, in fact, most DOGE price upticks have coincided with high retail euphoria and social volumes. When DOGE price tested the $0.158 level on Nov. 1,…
