The post Dogecoin Price Prediction For April 9 appeared first on Coinpedia Fintech News
As the Western financial markets radially opened on Wednesday, April 9, the overall crypto volatility has continued to surge in tandem with the global stock markets. The cryptocurrency market has not been spared in the ongoing bearish sentiment, despite not being directly included in the ongoing tariffs trade wars.
Since Donald Trump took office earlier this year, the total cryptocurrency market cap has dropped by more than $1.5 trillion. With the VIX index suggesting more volatility ahead, the memecoin sector, led by Dogecoin (DOGE), will experience more volatility.
Dogecoin Whales on the Move
According to on-chain data, the overall supply of stablecoins into exchanges has increased in the past few days. The sharp spike in stablecoins supply on crypto exchanges could mean bullish traders are protesting their positions from forced liquidation, especially perpetual contract markets, or h
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