ICYMI: despite $DOGE's weak price performance compared to $ZIL or $ADA, Dogecoin mining difficulty and hashrate remain at high levels DOGE
is the price of the mined asset. In the case of Dogecoin, the profitability of mining has been dropping for the last 120 days. The reason behind this is simple: the price performance of the first memecoin.Despite the short-term recovery of the market, Doge's performance on the market was far from being perfect in the last couple of months. Since January, it lost around 30%, even despite the 20% short-term recovery in March.
Compared to altcoins like Cardano, Solana or Zilliqa, Dogecoin's most recent uptrend cannot be considered a reversal rally as the only major resistance broken by the asset was the 50-day exponential moving average, which already acts as a support for
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