Dogecoin's Low Social Activity Could Be a Buying Signal
The Dogecoin (DOGE) market has been on a downtrend for a while now. Despite surging by over 300% throughout 2024, the OG meme coin struggled to keep up this year. The asset started 2024 on a rather challenging note as it dipped by nearly 5% since the beginning of January. Along with its price DOGE’s social activity also plummeted. The chatter around the meme coin seems to be depleting but analysts reveal that this might be bullish. Also Read: Trump’s NFTs Make History: First-Ever Launch on Bitcoin Network! Dogecoin Endures Massive Dip Source: Watcher Guru During the time of writing, Dogecoin was trading at $0.3344. This comes after a staggering 5% dip over the past 24 hours. The latest drop pushed DOGE further away from its all-time high of $0.7376. The meme coin is currently 54% below this peak. Source: CoinMarketCap The trading volume of the asset also recorded a drop. Dogecoin’s 24-hour volume was at $3.72 billion after witnessing a 36% plunge. According to prominent firm...