Dogecoin falls 16.1% in October, undercutting the 'strong month' narrative
- —26 of 28 October closes for DOGE came in below the October 1 level
- —Monthly high $0.0979 on October 2, low $0.0747 on October 24 — a 23.7% range
- —24-hour volume $531 million; market cap $12.39 billion, ranking 12th
- —Roughly 5.2 billion DOGE issued yearly, so a flat price still lifts market cap
Why it matters: The seasonal 'strong October' thesis fails on the data, so traders should watch ETF flows, funding rates and Bitcoin's direction instead of the calendar.
Source: CryptoTicker