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Why Dogecoin Is Slipping Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is going through a modest valuation pullback in Tuesday's trading. The cryptocurrency's token price was down 2.1% as of 6:45 p.m. ET. Meanwhile, Bitcoin was up 2%, and Ethereum was down 1.5%.

Following a recent surge in bullish activity for the crypto market, investors are wavering on whether to back the market-leading Bitcoin or to put their money into riskier altcoins. Even though Dogecoin's recent valuation run-up appears to be taking a bit of a breather, its token price is still up roughly 70.5% over the last three months.

Image source: Getty Images.

Source Fool.com

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