Why DogeCoin Loses 70% against bitcoin during 6 months?

Dogecoin (DOGE) reaches its lowest against Bitcoin (BTC) by losing nearly 70% in over half a year.

Data from TheCoinInfo showed the trailing of DOGE against BTC at 412 satoshis (0.00000412 BTC) on Oct. 14 — getting low from as high as of 1,284 satoshis (0.00001284 BTC) in April.

As Bitcoin left altcoins behind this month, which was painful for the investors of Dogecoin after months of public campaigning held by Cuban and others, including the richest man in the world, Elon Musk.

Nothing has been able to go back to the fortunes of meme-based cryptocurrency, however, many commentators are demanding an explanation.

Cuban was in queue for penalty this week, with podcast host Preston Pysh in which he suggested that his commend of Dogecoin on U.S. national television is misguided.

The call was joined by Fellow pundit Peter McCormack for Cuban in order to speak up on the situation against the latter’s backdrop of criticism of Bitcoin.

Cuban’s claim was further evoked by the users of Twitter that he would rather own bananas than BTC, making fun of declining purchasing power of Dogecoin when measured in the fruit.

In August, it was stated by Cuban that he owned less than $500 of DOGE.

It was informed by CoinInfo that altcoins are tipped for a renaissance once Bitcoin hits its highest, which is currently slated for the beginning of 2022.

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