Why Dogecoin Is Sinking Today
After enjoying rally momentum recently, the crypto market is pulling back in today's trading, and Dogecoin (CRYPTO: DOGE) is participating in the sell-off. The popular meme-themed token was down roughly 5.1% over the previous 24-hour period as of 12:15 p.m. ET Tuesday.
Most of the top 15 largest cryptocurrencies were also down over the last day of trading, but the volatility is hardly outside the norm, and investors probably shouldn't read too much into the sell-offs. Following steep valuation declines through much of December and January, the crypto market has generally been on a recovery trend early in February. Even with today's sell-off, Dogecoin is still up roughly 7.7% over the last week of trading.
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Source Fool.com
