Like seriously, what is happening today? Dogecoin of all cryptocurrencies, had 6% growth while Bitcoin price fell by 4%??
The past few days have been like a train wreck for most of the Big coins and the trend seems to be continuing and as the weekend continues, we are likely to see more negative growth and little positive movements. However, there is no need for panic as the market will definitely re-bounce once the weather is calm.
Here is Dogecoin market data and i am not surprised that Poloniex has majority of trade volume for Dogecoin.
Unfortunately, this positive trend for Dogecoin may not probably go far or last long enough to see the coin grow to $1 price tag as the circulating supply is so huge at 110,035,421,995 DOGE . The only solution would be to reduce the circulating supply and creating artificial scarcity.
I am very hopeful of Bitcoin growing to $5000 onces this issue of Hard Fork is over and the network becomes more scalable and flexible.
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