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Over the last few years, the price of Dogecoin has hovered around $0.10 -- and even with its near-400% return so far in 2024, the crypto is still far off from prior highs.
As the crypto market’s recent selloff begins to slow, Dogecoin, the largest memecoin by market cap, has taken the hardest hit. Dogecoin tumbled 25% last week amid a Bitcoin and Ethereum ...
By 19 May, Bitcoin had dropped in value by 30% to $31,000, Ethereum by 40%, and Dogecoin by 45%. Nearly all cryptocurrencies were down by double-digit percentages. [40] Major cryptocurrency exchange Binance went down amid a market-wide price crash and traders are now seeking justice for their losses. [41]
A $100 investment in Dogecoin at the time of writing could buy 346.2604 DOGE, based on a price of $0.2888. If Dogecoin can return to all-time highs, the $100 investment today would be worth $255.40.
As of this writing in October 2023, Coin Price Forecast predicts that Dogecoin will hit a price of $0.1326. Changelly is significantly more optimistic, with a price prediction of $1.10 by the end ...
On April 15, 2021, the price of Dogecoin rose by more than 100% after Musk tweeted an image of Joan Miró's Dog Barking at the Moon painting captioned "Doge Barking at the Moon", [80] a message which was taken by some as a reference to the industry slang term "to the moon", [81] meaning a hoped-for increase in a cryptocurrency's value.
After a huge hype cycle, Dogecoin exploded in value before hitting $0.74 in May. By July, though, the hype cycle was over, and Dogecoin collapsed to just $0.20.
The price of Dogecoin (CRYPTO: DOGE) traded 3.2% lower, while XRP (CRYPTO: XRP) had fallen 3.1%. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
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