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Dogecoin's Profitability Spikes, Leaving Most of Market Behind: Crypto Market Review, Dec. 23

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$DOGE is showing a short-term reversal, ending the year on a high note, but we can't say the same about other cryptocurrencies

The last week before the New Year is not ending on a high note as the market ends the week with the majority of assets at a loss, showing the lack of any positivity among investors, which promises nothing but pain by the end of 2022.Despite the grim end of 2022, Dogecoin had a relatively successful year as the meme asset went through numerous triple-digit rallies, broke numerous resistance levels and turned out to be far more resilient than some"serious" assets.

As we mentioned previously, Solana's performance will not stabilize until the cryptocurrency finally gains any kind of trust among institutional investors. Due to its being the go-to holding off Bankman-Fried’s empire, Solana took the hit first, dropping to multi-year lows.

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