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Dogecoin trading volume hits October low despite slight price gain at $0.0758

Market News
01 Nov 2026, 03:32 WIB
CryptoTicker
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Neutral
Dogecoin trading volume hits October low despite slight price gain at $0.0758

Dogecoin's trading volume on Kraken dropped sharply to $0.77 million with only 2,582 trades on October 31, far below the October daily average of $3.96 million and 7,986 trades. Despite a modest 0.52% price increase to $0.0758, the low turnover signals weak market participation, making price moves less reliable. The turnover ratio of 2.56% is lower than Bitcoin and Litecoin, indicating thinner liquidity and higher price impact for large trades. Investors should watch for a breakout above $0.0814 or a drop below $0.0748, but rising volume is needed to confirm any strong move. Tax implications for losses on Dogecoin sales within a year are also highlighted.

Dogecoin trades at Rp1.371 on Pluang with a 0.80% decline as of Nov 01, 2026 07:51 WIB, showing a modest pullback despite the article noting a slight price rise on Kraken. The 24-hour trading volume on Pluang is Rp5,92 trillion, indicating significantly higher liquidity than the thin turnover reported on Kraken. Pluang data also shows a market cap of Rp214,8 trillion and a typical hold time of 111 days, highlighting steady investor interest despite low daily trade counts elsewhere.

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