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Solana's 60% Trading Volume Drop and Dogecoin Price Analysis

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by Giorgi Kostiuk

a day ago

Solana's trading volume decreased following the memecoin interest decline, while Dogecoin shows signs of potential recovery.

Decline in Solana Trading Volume

Solana's trading volume dropped sharply by 60%, reaching $102.4 billion, following a decline in memecoin interest that led to a 95% plunge in LIBRA token value.

Dogecoin Price Analysis

Dogecoin price analysis shows a decline from $0.2195 to $0.1900, with a subsequent recovery to $0.1989. Technical indicators such as RSI and MACD suggest potential for continued price increase.

BlockDAG Presale

The BlockDAG project successfully raised over $205 million during its presale, offering a 400% bonus on BDAG coin purchases. This offer attracted attention from traders and large investors, driving active growth.

Despite the drop in Solana's trading volume, the cryptocurrency market remains dynamic, with potential recovery for Dogecoin and a successful BlockDAG presale.

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