Dogecoin
Why Dogecoin is down 1.2% in the last hour
Analysis
Dogecoin slipped 1.2% over the past hour as attention shifted toward Litecoin after data showed LTC overtaking DOGE (along with Bitcoin and Dash) in active addresses, reaching over 237,000. This relative strength narrative for Litecoin may have weighed on DOGE in the very short term as traders rotated focus away from Dogecoin.
Contributing Factors (1)
Litecoin Flips Bitcoin, Dogecoin and Dash as Active Addresses Top 237,000
Litecoin is leading BTC, DOGE and other altcoins, with its active address dominance hitting 56%.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.