A volatile cryptocurrency market has taken a positive turn as of Monday morning, with several tokens making gains. However, meme token Dogecoin has not been able to keep pace. Over the past 7 days, the token has lost over 11%. Early Monday, it lost a fraction of a percent, sitting at 15 cents. Plus, it lost nearly a percent to Bitcoin and nearly 2% to Ethereum. Dogecoin lost some of its traction on social media, and it did not recover as the global market cap rose almost a percent. Even so, Dogecoin has dropped to 15 cents a few times since December, and it should recover once more. Interestingly, Dogecoin co-creator Billy Markus said that Dogecoin should focus on creating utility, usage cases, adoption, and positivity instead of hype. At press time, Dogecoin was down over 2%, sitting at 14.75 cents.
