Extreme Fear Grips Dogecoin
Dogecoin has been falling for the past few weeks with the global market cap, but the crypto market is struggling even more than normal after the Federal Open Market Committee released its minutes and caused a selloff that only made liquidations from Wednesday and Thursday that much worse. As investors are struck by what some have called “extreme fear”, it is clear that Dogecoin is suffering more than most. At press time, Dogecoin was sitting at a key level around 15 cents, which could be a bearish sign. Interestingly, certain crypto analysts are waiting for Dogecoin to fall even farther before going all in, with Kaleo claiming the token would need to fall almost 1800% before buying in. At press time, Dogecoin was trading at 15.58 cents on a 37% drop in volume.