Dogecoin, a cryptocurrency based on the Shibu Inu meme and often an important health indicator of the a joke based on a meme. The TikTok Dogecoin Pump Purveyors Experience Their First Crypto Dump
TikTok users attempted to pump Dogecoin over the summer months to $1 per token but failed to realize the mathematics and capital involved to achieve such a figure.
The pump did result in some upside, but it was short-lived, and the DOGEBTC just set a new all-time low on cryptocurrency exchange Binance.
Dogecoin drops to new all-time lows on Binance | Source: DOGEBTC on TradingView.com
Altcoins Prepare For Much “Ow” While Bitcoin Readies Bull Market Breakout
It is worth noting, that Dogecoin has traded lower in terms of BTC value, but this is the lowest price to ever trade since Dogecoin’s BTC pair made its way on Binance.
Dogecoin is often used as a barometer to measure if and when an altcoin season could be near. The fact that the Five Signs Bitcoin Dominance Has Bottomed: Are Altcoins Headed To Zero?
Coinciding with Dogecoin – a leading indicator for alts – BTC dominance has reversed and appears poised to target as high as 83% market share.
If this happens, altcoins could be in serious trouble. With Dogecoin already setting new lows on Binance across the Bitcoin trading pair, if BTC dominance does spike, the meme-based