Close Menu
Cryprovideos
    What's Hot

    Why is Bitcoin value up at the moment?

    June 10, 2025

    QFSCOIN Trusted Finest Free Crypto Cloud Mining Permits Crypto Buyers to Earn $6500 in Bitcoin (BTC) Each Day in 2025

    June 10, 2025

    Bitcoin ETFs Warmth Up With $386 Million Inflows After Worth Spike | ETF Information

    June 10, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Dogecoin Sees Social Sentiment Crash To New Lows, Why This Could possibly be A Good Factor For Its Value | Bitcoinist.com
    Dogecoin Sees Social Sentiment Crash To New Lows, Why This Could possibly be A Good Factor For Its Value | Bitcoinist.com
    Markets

    Dogecoin Sees Social Sentiment Crash To New Lows, Why This Could possibly be A Good Factor For Its Value | Bitcoinist.com

    By Crypto EditorJanuary 10, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Dogecoin, some of the standard cryptocurrencies and the primary meme coin, has skilled a crash in social sentiment and market cap in latest weeks. In keeping with a brand new report by crypto analytics agency Santiment, the general public’s consideration on DOGE is dwindling, pushed by its 26% drop in worth since its worth excessive one month in the past. Regardless of this bearish pattern, Santiment analysts imagine that this decline in sentiment might be a superb signal for Dogecoin’s future development. 

    Dogecoin Sentiment Hits New Low

    Dogecoin has struggled to reclaim previous earlier highs following its transient surge in November 2024. Curiously, the meme coin additionally noticed a slight uptick at first of the 12 months when Elon Musk quickly modified his X social media profile title to ”Kekius Maximus,” a brand new frog-themed meme coin. 

    After Musk’s sudden title change, Dogecoin skilled a pointy worth surge, but it surely was short-lived. The meme coin finally erased 28% of its market capitalization whereas experiencing a dramatic decline in social media exercise and common public curiosity. 

    In keeping with Santiment crypto analyst Brainq, Dogecoin’s crowd sentiment is at its lowest level over the previous 12 months. The analyst charges Dogecoin’s crowd sentiment at simply 1 out of 5, signaling a scarcity of enthusiasm and engagement from traders and merchants. Dogecoin’s social sentiment outcomes additionally distinction considerably with the extra optimistic rankings of different standard cryptocurrencies like XRP and Solana (SOL), which scored 4 out of 5. 

    Dogecoin Sees Social Sentiment Crash To New Lows, Why This Could possibly be A Good Factor For Its Value | Bitcoinist.com
    Supply: Santiment

    Fluctuations in social sentiment is just not uncommon for meme cash, that are primarily pushed by market developments and social exercise. Earlier in 2024, DOGE’s reputation throughout social media grew considerably following information of Musk’s Division of Authorities Effectivity (D.O.G.E) proposal and Donald Trump’s victory within the U.S. presidential elections. 

    On the time, the meme coin’s rising reputation had coincided with a pointy rise in its worth, pushing it nicely above the $0.4 degree. Nonetheless, with social sentiment now at a notable low level, it appears probably that DOGE might face additional worth declines and elevated volatility. Opposite to this outlook, Santiment means that Dogecoin’s social sentiment crash might function a springboard to a main worth rebound.  

    Why DOGE Sentiment Crash Would possibly Sign An Alternative 

    Whereas Dogecoin’s declining sentiment could look like a bearish sign, Santiment argues it might current a possibility for risk-tolerant traders. Brianq notes that low crowd sentiment typically coincides with durations of undervaluation, probably creating an opportunity to accumulate tokens earlier than the worth rebounds. 

    The Santiment analyst predicts that if the broader crypto market developments upwards once more, DOGE might expertise a big reversal, pushing its worth away from bearish developments to the upside. Basically, the analyst’s report means that the decline in Dogecoin’s social curiosity might be a traditional case of ‘purchase low, promote excessive’ for traders keen to take a calculated threat. 

    Dogecoin price chart from Tradingview.com
    DOGE worth struggles to ascertain help | Supply: DOGEUSDT on Tradingview.com

    Featured picture created with Dall.E, chart from Tradingview.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dogecoin’s Consumer Surge: Almost 8 Million Holders and Climbing – BlockNews

    June 10, 2025

    Nvidia CEO Urges UK to Spend money on AI Infrastructure or Threat Falling Behind

    June 10, 2025

    $947,000 Allegedly Stolen From Wells Fargo ATM Machines As Worker Scrambles To Cowl Buying and selling Losses: Report – The Each day Hodl

    June 10, 2025

    BlackRock’s IBIT rockets to $70B in 341 days, 5x sooner than earlier file

    June 10, 2025
    Latest Posts

    Why is Bitcoin value up at the moment?

    June 10, 2025

    QFSCOIN Trusted Finest Free Crypto Cloud Mining Permits Crypto Buyers to Earn $6500 in Bitcoin (BTC) Each Day in 2025

    June 10, 2025

    Bitcoin ETFs Warmth Up With $386 Million Inflows After Worth Spike | ETF Information

    June 10, 2025

    Finest Crypto to Purchase Now as Bitcoin Reignites Bullish Momentum

    June 10, 2025

    Bitcoin Worth Reclaims $110,000. Is ATH Subsequent?

    June 10, 2025

    Bitcoin Naming Debate Resurfaces with Introduction of BIP177

    June 10, 2025

    BitMine Immersion Applied sciences Buys 100 Bitcoin In First Treasury Acquisition

    June 10, 2025

    Bitcoin lacks robust catalyst to beat its $112K ATH: Analyst

    June 10, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Layer-2 Tokens Outperform As Solaxy Races Previous $7 Million In Presale – Finest Crypto To Purchase Now?

    December 30, 2024

    Mantra Introduces $108M Ecosystem Fund to Energy RWA and DeFi Tasks

    April 8, 2025

    Is It Too Late To Purchase LINK? Chainlink Value Jumps 2% And This May Be The Subsequent Crypto To Explode

    December 13, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.