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Dogecoin Price Risks 12% Drop Amid Dwindling On-Chain Metrics

Dogecoin value has taken a hit following the broader cryptocurrency market crash triggered by geopolitical tensions in the Middle East. While Bitcoin is showing signs of recovery at $61,200, alternative coins like DOGE are witnessing a rally. Nevertheless, the on-chain metrics for Dogecoin indicate a potential decline of around 12% in its price.