Dogecoin Averages +24% in Asian Hours but -15% During US Hours
It is a preconceived notion that the West plays the most critical role in determining the directional bias of the price of crypto assets. However, when it comes to Dogecoin , that narrative has been changing of late. As depicted in the chart below, the East’s transaction share has overshadowed the West’s share a handful of times in the past fortnight. In fact, on one particular day, the East/West ratio stood at 67/33. Source: IntoTheBlock Also Read: When Will Shiba Inu Reach 1 Cent? Dogecoin Cumulative ROI: Region-Wide Analysis On the Year-to-Date front, Dogecoin is currently down 5.6%. Velo Data’s numbers pointed out that DOGE’s cumulative ROI during Europe’s trading hours [purple] has been in negative territory for most of 2023. In fact, the state has only worsened in H2. Source: Velo Data During the first few months, when DOGE rallied along with Bitcoin, the market predominately had buyers from the U.S. [blue] and Asia Pacific [yellow] reg...