Dogecoin
Why Dogecoin is down 2.4% today
Analysis
Dogecoin fell 2.4% over the past 24 hours as attention shifted toward Litecoin’s stronger on-chain activity, which may have made DOGE look relatively weaker on a usage basis. U.Today reported that Litecoin surpassed Dogecoin (along with Bitcoin and Dash) in active addresses, topping 237,000, a data point that can weigh on sentiment toward DOGE in the near term.
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
Moderate confidence. Multiple factors may be contributing.