Bitcoin and Ethereum Rise This Week as Dogecoin Falls

Popular cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are on the verge of closing out a good week. As of this writing on Thursday afternoon, the cryptocurrencies are up 5.6% and 4.2% respectively since last Friday afternoon, according to data from S&P Global Market Intelligence.

But not all popular cryptocurrencies are up. For its part, Dogecoin (CRYPTO: DOGE) is down 6.5% over this time frame. And perhaps these divergent trends are best explained by why these cryptocurrencies are popular. It's not the same in each case.

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Source Fool.com