Could Dogecoin’s Price Rally Spark a Broader Altcoin Boom?

Despite recent dips, Dogecoin (DOGE) continues to hold the attention of cryptocurrency investors. A 3% decline to $0.166 in the past 24 hours brings DOGE’s weekly price down by 6.8%. However, a report from CCN reveals that its funding rate is now negative, signaling investor pessimism. High Network Value to Transactions (NVT) ratios further indicate skepticism surrounding genuine usage. Analysts warn of potential price drops below $0.10 if short-term interest doesn’t rise. However, a surge above the $0.18 mark could signal a significant recovery for the memecoin.