A widely followed crypto analyst is issuing a warning to traders that Dogecoin (DOGE) is hinting at a possible reckoning for memecoins.
In a new video update, Nicholas Merten, the host of DataDash, tells his 511,000 YouTube subscribers that Dogecoin barely moving during the most recent meme token craze means that meme assets may be in danger.
According to Merten, Dogecoin losing the small gains it made last month could mean that the memecoin trend is “fake.”
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“What does that tell you when Dogecoin, the biggest memecoin out there, doesn’t even make a slight move to the upside during this meme craze?
It was up 3% last month, all the gains that it made faded. If Dogecoin doesn’t hold up, what does it tell
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