Dogecoin's hashrate had been increasing due to the popularity of DRC-20 tokens, but it has recently experienced a significant drop. This decline may be due to a decrease in investor interest in DRC-20 tokens, causing a decrease in transactions and workload on the network. Despite this, Dogecoin's trading volume remains healthy, but it is unlikely to move independently and may instead follow the movement patterns of Bitcoin or be influenced by a tweet from Elon Musk.
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Dogecoin Hashrate Drops as Interest in DRC-20 Tokens Wanes
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