Dogecoin posts 20% October loss, erasing Q3 gains

Dogecoin , the largest meme cryptocurrency by market capitalization, has failed to meet bullish expectations in October, a month traditionally strong for leading digital assets. Market data indicates that Dogecoin is closing October with a notable loss, extending its disappointing performance from the previous year. CryptoRank reported that Dogecoin fell 20.1% during October 2024. This decline mirrored a similar 20% drop recorded in the same period last year, disappointing investors who had anticipated a recovery in what is often described as “Uptober.” The term has become popular among cryptocurrency communities to capture October’s reputation for driving bullish trends in major…

Source: CoinTurk News