The cryptocurrency market has recently experienced a period of continuous decline. Amidst a slight rebound and a significant decline, investors have expressed concerns about their investments
The cryptocurrency market has recently experienced a period of continuous decline. Amidst a slight rebound and a significant decline, investors have expressed concerns about their investments. Even memes such as Doggy Coin and Chaigou Coin have followed the overall market trend. Due to the expected improvement in the community, this trend is likely to continue until September.
Gougou coin fell by 22.1% in August. The annual revenue of Meme coin also reached 1%. As of the time of publication, the transaction price of OGmeme coin is 0.062530 US dollars. Earlier today, the asset rose to a high of $0.063634. According to Changelly's data, the asset may hover around the same level.
According to the Changelly blog, Dogcoin is expected to rise by more than 2% and close at $0.064078 in August. According to cryptocurrency experts on the platform, the minimum expected transaction price may be $0.0540. This month's maximum is likely to reach $0.0643. On average, the value of dog coins is expected to hover around $0.0591.
It is expected that the value of Meme coins will remain above $0.0600 by September 8th. Subsequently, it is expected that Dog Coin will remain within the range of $0.0580 to $0.0540 for the remaining period of this month.
Dog Coin Holders Trapped in Losses
According to IntoTheBlock, only 41% of token holders receive benefits, while 56% face losses. In addition, the new adoption rate of the token has sharply decreased. This indicator reflects the proportion of newly created addresses that initiate transactions among all active addresses on a specific date.
The path forward for dog themed cryptocurrencies seems to be full of challenges. However, a tweet or endorsement by Elon Musk may change the fate of Dogcoin.
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