Its price is hedged against bitcoin. As bitcoin prices rise, doge prices will lower. If you can get 1 bitcoin for 1 million doges, and bitcoin prices raise 2x, you can only get 0.5 bitcoins for 1 million doges. If bitcoin prices lower, doge prices will rise. Profitability has stayed almost the same throughout this drop.
This makes sense but bitcoin has only increased at most $100? i.e. somewhere around 10%. Doge has dropped by 30-40%
+1 for the support. I would really like to see this coin come through.