Insights

THIS is how Dogecoin can lead the memecoin market comeback The orders imbalance was skewed toward the buyers in the 10% space, pointing to a bullish short-term reversal. Dogecoin is the most popular memecoin- and its price action could dictate the sector’s trends. On-chain metrics showed a buy signal for long-term DOGE investors. The memecoin market has shed 39.4% in market cap since the 9th of December. Over the past month, the price charts of most memecoins have been pointed downward only. Bitcoin ’s [BTC ] volatility around the $100k mark has affected the altcoin market, and in turn, the memes as well. $BTC $DOGE