Despite the general decline trend of the crypto money market, Dogecoin attracted attention by gaining approximately 1 %in the last 24 hours. The price of $ 0.157 points to the fact that investors began to show interest again, while the significant decrease in the transaction volume caused different interpretations. According to the latest data, a total of 6.96 billion Dge Token changed hands, while a decrease of up to 45 %in the daily transaction volume was recorded. These developments reveal that market sensitivity is still fragile.
Price fluctuation and volume warning
Dogecoin’s price movement during the day fluctuated in the range of $ 0.1494 to $ 0.158. Although this limited rise compensated for short -term losses, a depreciation of more than 6 %in the weekly graph did not escape the attention of investors. This reminds us that Dogecoin is still a crypto currency with high volatility. Especially for those who do short -term transactions, these price movements require a cautious approach.
The decrease in the transaction volume by 45 %is considered a more critical signal for market participants. The decrease in volume is usually interpreted as a harbinger of large price movements, but also shows that there are not enough support levels in the market. This decrease suggests that some of the investors are indecisive, and some of them are partially distant from the market. In other words, although there are rise signals, volume data indicate that this movement is not based on solid foundations.
Spot Dogecoin ETF application is on the agenda
It is seen that the investment interest in Dogecoin continues on the corporate wing. Swiss -based asset management firm 21shares, US Securities and Stock Exchange Commission (SEC) applied for DOGE ETF. This application was recorded as the third official application after Grayscale and Bitwise, who made similar initiatives. If the approval process is successful, individual and corporate investors will be able to invest indirectly to Dogecoin.
With this move, Dogecoin aims to become more visible among corporate investment products. In addition, 21shares’ plan to establish a partnership in the European market with an initiative called “House of Dogge ı is considered a new step to keep the interest of investors alive. This cooperation can bring new opportunities, especially for crypto currency investors in Europe.
The general recession in the market continues
The short -term mobility observed in Dogecoin contrasts with pessimistic air observed throughout the crypto money market. The losses in the leading crypto currencies such as Ethereum reveal that the market still cannot draw a clear direction. This shows that investors are more cautious against sudden price movements and prefer to stay in safe zones.
Fluctuation and decreases in transaction volumes increase uncertainties for crypto currency investors. For this reason, experts suggest that risk management strategies should be reviewed, especially in short -term investments. As a result, although the limited rise of Dogecoin draws attention, the atmosphere of uneasiness that dominates throughout the market is still not distributed.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
