Krutika Adani
The entire crypto market has been bearish recently. However, amid the sea of red, Dogecoin has managed to remain relatively stable, with only a price decline of 0.66% on the daily and 3% on the weekly.
Recently, Andrew Kang, an analyst, predicted that the memecoin market will outperform every other sector, and investors should consider pivoting towards this asset class or risk getting left behind.
This week, though, Dogecoin might be facing some downward pressure, considering a recent dumping of 108 million $DOGE on Robinhood by a whale, according to Whale Alert.