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.
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Dogecoin Price Risks 12% Drop Amid Dwindling On-Chain Metrics
By
Henrik Lindqvist — Staff Reporter
About the author · Staff Reporter
Henrik Lindqvist
Henrik Lindqvist is our DeFi and on-chain reporter, splitting his time between Stockholm and London. A former software engineer at Klarna, he switched to journalism in 2021 and has since broken stories on MEV exploits, restaking risks and Layer-2 economics. Henrik writes the BTCNews weekly Layer-2 newsletter and has lectured on blockchain architecture at KTH Royal Institute of Technology.