Dogecoin news: 37 percent fewer DOGE are moving on the blockchain than in October

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Between November 6 and 8, an average of 7.96 billion DOGE a day moved across the Dogecoin blockchain, against 12.6 billion in mid-October. What lies behind the decline, why miners are earning less than $1 million a day for the first time in this period, and what investors can take from it.Far less is being moved on the Dogecoin blockchain than in mid-October.Add as a preferred source on GoogleFollow on Google NewsNoticeably less is moving on the Dogecoin blockchain. The record shows that from November 6 to 8, an average of 7.96 billion DOGE a day passed across the network, against 12.62 billion in the week of October 10 to 16. That is a 37 percent decline, measured in coins and therefore independent of the price. Our assessment follows further down: the figures point to fading interest rather than an imminent sell-off. The analysis is based on block data for all 42,351 blocks produced between October 10 and the evening of November 9, retrieved from the blockchain datab...