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DOGE Trades Lower

00:00:51

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On Wednesday, Dogecoin was trading 4% lower over the previous 24 hours. While the token sits at around 24 cents, it’s in a downward trend that’s lasted for a week, with its value falling 12.23%. Dogecoin is also losing against both Bitcoin and Ethereum in the past 24 hours, dropping 2.98% and 1.56% respectively. Over 30 days, it’s fallen 0.77%, and over 90 days it’s lost 20.97%. While DOGE made the top ten on Twitter, investors have been spooked by new crypto tax reporting requirements and the ongoing crackdown in China. The only thing that could lift DOGE out of the doldrums might be the Anheuser-Busch Pupweiser content. The beverage firm even took to Twitter (TWTR@US) saying, “We know the #DogeArmy will put their paws on RT.” Plus, YouTuber Matt Wallace thinks Dogecoin could reach $1 by the end of the year. Only time will tell.

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