As CoinDesk analyst Glenn Williams wrote, DOGE’s price fluctuations seem to stem from the power of Musk’s personality and a passionate dogecoin community than the macroeconomic indicators that have been influencing bitcoin, ether and other major cryptos for months. DOGE’s rise may correlate with excessive liquidations and a likely short squeeze, and the token may offer a shorting opportunity, Williams wrote.
Source: https://www.coindesk.com/markets/2022/10/31/market-wrap-dogecoins-october-finale-trumps-all-other-major-cryptos/?utm_medium=referral&utm_source=rss&utm_campaign=headlines