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Why Dogecoin Is Sinking Today

TheMotleyFool

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Why Dogecoin Is Sinking Today: https://g.foolcdn.com/editorial/images/677153/a-shiba-inu-lying-down-in-the-sand.jpg

Dogecoin (CRYPTO: DOGE) is losing ground in today's trading. The cryptocurrency's price was down roughly 3.3% over the previous 24-hour period as of 12:30 p.m. ET Saturday.

There doesn't seem to be any coin-specific news driving the pullback for Dogecoin, but the vast majority of top-100 tokens have seen significant sell-offs over the last day of trading. Without any fresh, positive catalysts to help it buck crypto-market trends, the popular meme token is participating in the broader pullback.

Image source: Getty Images.

Source Fool.com

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