Why Dogecoin Surged 3% Over This Past Weekend
As of 10:30 am ET, ultra-popular meme cryptocurrency Dogecoin (CRYPTO: DOGE) has surged 3.1% since 4 p.m. ET on Friday. This weekend move is one of the more notable among large-cap tokens, as many investors appear to be positioning their portfolios for a rebound after what could only be described as a horrid week in the digital assets space.
Dogecoin declined more than 11% this past week, making this recent uptick one worth watching. Much of this negative momentum appears to be driven by macroeconomic sentiment, with the entire market also declining over this period.
Let's dive into what's driving this recovery rally in Dogecoin today, and whether this top meme token is one investors may want to consider as a speculative way to gain exposure to a reversion rally in the digital asset space right now.
Source Fool.com
