Worried About Your Dogecoin Holdings? Here's What To Know
Dogecoin (DOGE) has experienced a massive rebound over the last week. The original memecoin is up 3.4% in the daily charts, 15.7% in the weekly charts, 23.6% in the 14-day charts, 12% over the previous month, and 58.3% since July 2024, as CoinGecko reveals. While the rally is commendable, DOGE’s price is still down by nearly 73% from its all-time high of $0.7316. Many investors continue to hold the memecoin at a loss. Let’s discuss what you should know before selling. Source: CoinGecko Also Read: Dogecoin Faces 7% Correction: Should You Buy The Dip Or Wait? What Dogecoin Holders Should Know Source: Forbes Historically, DOGE and Bitcoin (BTC) have shared a strong correlation. This means that BTC’s price movements often dictate DOGE’s rally. This pattern is evident from the latest upswing as well. Bitcoin (BTC) hit a new all-time high of $122,838 on July 14. BTC’s rally triggered a rally for DOGE as well. We could see DOGE follow BTC’s trajectory for th...