Dogecoin has risen by 7.55% in the early days of October, maintaining its historical trend of strong performance during this month, often referred to as 'Uptober.' Despite this initial surge, the cryptocurrency has experienced a 2.81% decline in the past 24 hours, reflecting a broader market slowdown and uncertainty surrounding a potential DOGE ETF, exacerbated by the recent government shutdown.
Analysts remain cautiously optimistic about Dogecoin's performance, citing historical data that shows an average return of 11.2% for the token in October since 2013. However, the current market conditions suggest that investors should remain vigilant as volatility persists.
Dogecoin Gains 7.55% in Early October Amid Market Volatility
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