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 tokens. Despite robust optimism around October’s historical trends, Dogecoin deviated from expectations by breaking its brief two-month streak of gains.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.