DOGE Affected by Bitcoin BloodbathDOGE surged in value immediately after being listed on Binance earlier this July, prompting many to optimistically imagine that the next altcoin season was right in the corner. Today’s announcement, however, hasn’t had any major impact on the value of the asset thus far, which is understandable given that the move only changes things for Binance’s U.S. customers. On top of that, the cryptocurrency space is yet to recover from the Oct 23 bloodbath that saw Bitcoin plummet more than $500 in mere minutes, dragging the whole market down with it. Almost all major altcoins are dealing with the brunt of Bitcoin’s rapid devaluation on Wed, the exact cause of which is still unknown. But as BeInCrypto had previously pointed out, the possibility of large-scale manipulation of BTC price cannot be ruled out.
DOGE Could Still Kick Off an ‘Alt Season’Meanwhile, cryptocurrency trader and analyst @TraderLenny had reported earlier in the week that DOGE might have started on an upward trajectory after reaching a major support level.
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