The recent downturn in the DOGS coin market can be attributed to several factors.
First, the broader cryptocurrency market has been experiencing a general decline, with Bitcoin and other major coins also facing price drops. This overall bearish sentiment has negatively impacted the performance of smaller altcoins like DOGS. Additionally, the lack of significant utility or real-world applications for DOGS has limited its appeal to investors. While it was initially popular as a meme coin, its lack of fundamental value has made it vulnerable to market fluctuations and investor sentiment.
