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⛓️ Crypto🔴 Bearish
Is It Time To Give Up On Dogecoin And Shiba Inu? On-Chain Metrics Has Answers
🤖AI Summary
Dogecoin and Shiba Inu are experiencing bearish sentiment as on-chain metrics reveal declining market participation during the current crypto downtrend. Santiment data shows negative Price Daily Active Addresses (DAA) divergence for Dogecoin, indicating weakening network activity relative to price movements.
Key Takeaways
- →Dogecoin and Shiba Inu face bearish sentiment amid broader crypto market downtrend
- →On-chain metrics indicate market participants are staying on the sidelines
- →Santiment data shows negative Price Daily Active Addresses divergence for Dogecoin
- →Network activity is weakening relative to current price levels
- →The metrics suggest questioning continued investment in these meme coins
#dogecoin#shiba-inu#meme-coins#on-chain-metrics#santiment#daa-divergence#crypto-sentiment#market-analysis
Read Original →via Bitcoinist
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