Dogecoin price forecast: DOGE, a leading meme-based cryptocurrency, recently experienced a significant drop in value. Over the past day, the Dogecoin price has fallen sharply by more than 6%, settling at $0.1491. This downtrend reflects growing concerns among investors about the asset’s volatility.
In the last 24 hours, Dogecoin’s trading activity surged significantly, witnessing a 10% uptick in volume, totaling a whopping $1.38 billion, despite a dip in its price. As the 8th largest cryptocurrency by market capitalization, Dogecoin now boasts a market value of around $21.53 billion.
Over the previous week, Dogecoin value displayed considerable volatility, fluctuating between $0.14 and $0.16, ultimately resulting in a nearly 2% increase.
Dogecoin Price Forecast: What’s Next for the Meme Coin?
Most digital currencies are experiencing a downturn, with nearly all top 100 tokens showing declines. Bitcoin has dropped 4% over the last day, a trend mirrored by other cryptocurrencies.
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