The overall cryptocurrency market momentum remains rather bearish for the time being. Bitcoin is still on the decline, which usually doesn’t bode well for alternative currencies on the market. The Dogecoin price is also feeling a bit of pressure, which is only normal after several small bull runs over the past two weeks.
Dogecoin Price vs Community Spirit
The past few weeks have been spectacular for the Dogecoin price. After remaining nearly flat for over two months, the value per DOGE suddenly started shooting up in the past 14 days. Several strong uptrends were noted, and there hasn’t been a major correction ever since. As of right now, there is no real correction to speak of either, despite a small Dogecoin price dip forming on the charts.