Dogecoin [DOGE] and the probability of trend exhaustion coming | https://t.me/Doge_ShibaInu

Dogecoin [DOGE] and the probability of trend exhaustion coming its way

Dogecoin’s ‘incy wincy spider’ approach on the price chart is well-known to the community. Even though DOGE is 89.50% down from its all-time high (ATH), the token is 12.78% up from its cycle low of $0.07. Clearly, undeterred by the moist setback.

However, a recently published report by the crypto market data aggregation and analytics platform CryptoRank may not impress long-term investors. As per the report, Dogecoin’s mining revenue has massively dropped in the last year. One-year miner revenue change for DOGE stood at -76.2%. This puts the meme token into the first spot among the top five most unprofitable mining options. A more than 70% drop in Dogecoin’s mining profitability is certainly not making miners carefree.

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