The post Should You Keep DOGE and What About BTC Bull Token? appeared on BitcoinEthereumNews.com.

While the meme coin supercycle is kicking into high gear with thousands of new token launches daily, some of the biggest coins in this sector are falling behind. Dogecoin ($DOGE), the leading meme coin by market cap, is down 18% in the past week and has seen trading volume slow to a trickle. That begs the question, where is Dogecoin headed for this bull run, and should investors focus their attention and capital on emerging meme coins with possibly more potential? Some experts suggest the latter, indicating that it might be time to check out a new meme coin with explosive potential: BTC Bull. Dogecoin Falters as Investors Lose Interest in $DOGE Dogecoin’s price woes haven’t been the result of a specific catalyst. Instead, they represent a more worrying trend—long-term $DOGE holders and whales are simply losing interest in the Dogecoin network. Analysis indicates that open interest in Dogecoin has fallen from $5.41 billion earlier this year to just $2.21 billion in late February, a decline of 60%. At the same time, there have only been 66 whale transactions over $1 million during the month of February, the lowest since November 2024. Trading volume, which peaked at over $11.5 billion in early February, is down to $1.8 billion today—an 85% decline. This looks even worse when considering Dogecoin’s performance on longer timescales. Just last November, during the excitement around President Trump’s election, $DOGE trading volume was approaching $40 billion per day. Analysts are also eyeing the Dogecoin price chart with caution. The token has been falling with December, and it’s still far from a strong support level. From its current price level of $0.21, it looks like $DOGE could fall all the way to $0.14 before hitting bottom—a potential loss of 33%. As one analyst on X, @StrongHedge, put it,…

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Filed under: News - @ February 27, 2025 9:22 pm