What is documented: Dogecoin worth $0.77 million changed hands on the Kraken exchange on Saturday up to the evening, spread across 2,582 trades. The October average was $3.96 million and 7,986 trades a day. Our assessment follows further below. For the price, this dried-up trading is the more important signal than the 0.5 percent gain that stood on the board the same day.
The price of Dogecoin stood at $0.0758 on Saturday evening, a gain of 0.52 percent within 24 hours according to CoinGecko data. Market capitalisation came to $11.86 billion, enough for rank 12 among all cryptocurrencies. More interesting than these figures this weekend is how little stands behind them.
Dogecoin price at $0.0758, turnover at the month's low
Saturday's daily range stayed narrow. Between the daily high at $0.076349 and the daily low at $0.074826 lay 2.04 percent. On October 29, only two days earlier, it was still 4.2 percent. The movement has therefore halved, and turnover has collapsed far more sharply.
The figures from the venue make that clear. On Kraken...
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