The cryptocurrency markets were back in the red in the past 24 hours. Dogecoin was not spared in the onslaught. The coin has taken a beating in the past few days, dropping by 8.3% in the past 24 hours. Despite the bearish momentum, the Dogecoin community is optimistic of a brighter future. According to a statement by Chris Bell, Bitcoin and Dogecoin are the only true decentralized blockchain. Experts have argued that the coin has a lot of potential and a price rally is expected very soon