{"id":40018,"date":"2025-04-22T03:35:08","date_gmt":"2025-04-22T03:35:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/40018\/"},"modified":"2025-04-22T03:35:08","modified_gmt":"2025-04-22T03:35:08","slug":"dogecoin-despite-2025s-losses-is-the-memecoin-trading-at-a-premium-right-now","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/40018\/","title":{"rendered":"Dogecoin &#8211; Despite 2025&#8217;s losses, is the memecoin trading at a premium right now?"},"content":{"rendered":"<ul>\n<li>Dogecoin has not broken out of its long-term downtrend<\/li>\n<li>Falling on-chain activity and the rising NVT Signal were discouraging signs for investors<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a>, at the time of writing, was slowly climbing back towards the $0.166-level that it began the month of April at. In fact, this level is still an active resistance level, with <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">DOGE<\/a> bulls facing rejection on 13 April.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-DOGE-price-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-484715\" class=\"wp-image-484715 size-full\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-DOGE-price-1.png\" alt=\"Dogecoin 1-day Chart\" width=\"1940\" height=\"1010\"  \/><\/a><\/p>\n<p id=\"caption-attachment-484715\" class=\"wp-caption-text\">Source: DOGE\/USDT on TradingView<\/p>\n<p>The <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">memecoin<\/a> has been on a sizeable downtrend over the past few months.<\/p>\n<p>The price bounce from the long-term support at $0.143 was a minor development. And yet, on-chain metrics suggested that DOGE might be overvalued already.<\/p>\n<p>Signs that Dogecoin may be trading at a premium<br \/>\n<a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-DOGE-NVT-comp.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-484714\" class=\"wp-image-484714 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin NVT Signal\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-DOGE-NVT-comp.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-484714\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/studio.glassnode.com\/charts\/indicators.Nvts?a=DOGE&amp;s=1594290541&amp;u=1745107200&amp;zoom=\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Glassnode<\/a><\/p>\n<p>The Network Value to Transactions Signal (NVTS) is a modified version of the NVT metric that uses the 90-day moving average of the transaction volume, instead of the daily transfer volume.<\/p>\n<p>The idea is to make the ratio more responsive to an overextended asset when its market cap growth rapidly eclipses the asset\u2019s utility (the 90-day transfer volume). Hence, an uptrend in the NVTS means that investors may be valuing DOGE at a premium.<\/p>\n<p>In the past four years, there have been periods when the price has trended south or sideways, and the NVTS trended higher. It reflected depressed on-chain activity for Dogecoin at press time. To put it simply, it is not something investors would want to see during a price downtrend.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-DOGE-santiment-comp-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-484716\" class=\"wp-image-484716 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin Santiment\" width=\"2560\" height=\"867\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-DOGE-santiment-comp-1.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-484716\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\/s\/0loUwv0X\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Santiment<\/a><\/p>\n<p>At press time, the 180-day MVRV was deeply negative too, showing holders of the past six months at a sizeable loss. Over the past six weeks, both the transaction count and the daily active addresses count dropped slightly too.<\/p>\n<p>The falling transaction count might also help explain the rising NVTS. The dormant circulation saw a couple of spikes on 9 and 15 April, showing a flurry of token movement near the local DOGE lows. This likely hinted at capitulation from holders.<\/p>\n<p>The rising NVTS and falling transfer volume and count, together, are a bearish sign for long-term investors. Reduced demand for the memecoin and holders at a high loss reflected the deep bearish sentiment behind DOGE. Even as it tried to break past its local resistance levels.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/om-whale-dumps-17m-to-spur-warning-bells-impact-on-market\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">OM whale dumps $17M to spur warning bells \u2013 Impact on market?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Dogecoin has not broken out of its long-term downtrend Falling on-chain activity and the rising NVT Signal were&hellip;\n","protected":false},"author":2,"featured_media":40019,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-40018","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114379523651968219","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/40018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=40018"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/40018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/40019"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=40018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=40018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=40018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}