Why Dogecoin Is Plummeting Today
Dogecoin (CRYPTO: DOGE) is falling on Monday. The coin is down 7.1% from 4 p.m. ET on Sunday, as of 12:51 p.m. The move comes as the S 500 is up 0.3% and the Nasdaq Composite has gained 0.7%.
Dogecoin is feeling pressure as investors digest news from the broader economy. Some signs of slowed consumer spending could spell trouble for the meme coin.
's quarterly report failed to meet Wall Street's targets across the board. CEO Scott Boatwright said his company is facing "consistent macroeconomic pressures," and that younger customers, a core group for the company, are tightening their belts and visiting Chipotle less often.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€27.08
-1.420%
With 67 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
As a result the target price of 52 € shows a very positive potential of 92.02% compared to the current price of 27.08 € for Chipotle Mexican Grill Inc..
