As the Entire Crypto Market Suffers from Bearish Sentiment, the Dogecoin (DOGE) Price Has Also Fallen Considerably

Meme coins seem to be in freefall, and as the entire crypto market suffers from bearish sentiment, the Dogecoin price has also fallen considerably.

The era of meme coins seems to be nearing its end as investors want to transfer their holdings to less speculative assets built on real-world utility instead of community and internet hype. The cryptocurrency market has suffered from bearish sentiment throughout 2023, and the entire market is struggling for pushback.

As the crypto market continues to plummet, meme coins have also fallen considerably. Among the most affected meme coins is Dogecoin, which is famous for being created as a joke. The meme coin has fallen to $0.20, and there is a chance that the coin price will fall further as the market struggles for pushback.

The meme coins and the broader crypto market are heating up as the FTX fallout continues to affect the industry. The macroeconomic conditions and the broader crypto market might be to blame for the meme coin downtrend.

The meme coin market cap has dropped to $58 Billion, and if traders consolidate the meme coin tokens, there could be a chance for recovery. However, given the current volatility, there is little chance for the meme coin prices to improve.

Among the most popular meme coins is Dogecoin, which started as a joke on the internet. The Dogecoin price is currently $0.2092, and a breakdown is expected that will risk a fall to $0.1716.

The meme coin price is in a steeper correction than Bitcoin, which might also fall to lower levels. The Bitcoin price can correct to $10,000, whereas a steeper correction to $0.060 can be expected for the Dogecoin price.

The long-term outlook is grim unless Dogecoin can attract significant retail and institutional investment. The meme coin price continues to face further challenges against growing negative market sentiment.

Dogecoin is heating up as the FTX fallout continues to affect the industry. The macroeconomic conditions and the broader crypto market might be to blame for the Dogecoin downtrend.

However, investors and traders are generally losing interest in volatile, speculative assets like Dogecoin with growing selling pressure. With the meme coin price falling rapidly, the price will fall further unless significant buying volume enters to reverse the trend.

The DTX Exchange token is currently priced at $0.18, doubling to exactly $0.36 once the token lists and the platform goes mainstream. While the Dogecoin price is falling along with the rest of the market, DTX Exchange is promising a 200% ROR. These returns are unmatched in the volatile crypto space and signify the high growth potential of DTX Exchange.

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