‘What a DOGE Do?’ Dogecoin Team Issues Fun Tweet Following Red Week

Most of the cryptocurrencies, including Dogecointhey are exchanged at the first session on Sunday.

At the time of writing, Dogecoin was down 1.41% in the last 24 hours to $0.16, extending a decline that saw Bitcoin close its worst week since March.

Dogecoin fell for four consecutive days from Tuesday to Friday to mark a red week, closing the week down 10.49%, according to TradingView data.

The crypto market remains subdued after $19 billion in liquidations in the Oct. 10 flash crash wiped more than $1 trillion from the total market value of all cryptocurrencies.

Liquidations in long positions have been significant, with open interest in crypto futures struggling to recover from the market crash in early October. The Fear and Greed Index is at 18, indicating “extreme fear,” which demonstrates growing expectations for more sales.

What does a DOGE do?

In the midst of the current sentiment in the market, Dogecoin in its usual way lightly thought to inject some fun as tweeted via its official X account: “It’s the week. What’s a DOGE to do?”

Dogecoin’s cheerful and humorous nature aligns perfectly with its ethos as a fun currency. Its playful nature and grassroots origins have endeared it to the crypto market, now ranked as the ninth largest cryptocurrency with a market capitalization of $24.4 billion.

A considerable buzz has lately revolved around Dogecoin; Elon Musk recently posted a photo of a Shiba Inu, Dogecoin’s mascot. In an X post, Musk posted a meme of a Shiba Inu playing a banjo.

House of Doge’s partner, 21Shares, recently launched two 10-index crypto ETFs that include DOGEwith potential Dogecoin news related to 21Shares to be announced in the days ahead.