Cryptocurrency prices have had difficult days after several weeks of increases, with Dogecoin losing almost a quarter of its value in the last seven days due to the recent rise Bitcoin And XRP mark their own substantial, but less severe, declines.
Dogecoin, the original and still largest meme coin by market capitalization, is down from a current price of $0.31, showing a nearly 5% drop on the day and a 23% drop in price of the last seven days, according to data from CoinGecko.
DOGE had rallied to near $0.35 early Saturday after falling as low as $0.267 on Friday – the lowest price recorded in over a month. This rebound, however, attenuated over the weekend.
The coin is still up 233% over the past year, but has lost considerable momentum since peaking at $0.48 earlier in December. This was a three-year high for Dogecoin.
Meme coins are notoriously volatile, and other major meme rivals have actually fallen harder than Dogecoin over the past week, with Dogwifhat (WIF) down 32%, and Floki (FLOKI) and Pepe (PEPE) down 27%. Shiba Inu (SHIB) mirrored Dogecoin’s losses with a 23% decline this week.
Bitcoin, meanwhile, is down more than 7% this week at the current price of $95,140, although it has plunged 12% over the past five days since hitting a new all-time high at above $108,000. XRP fell 9% last week to $2.21, down substantially since hitting a seven-year high of $2.82 earlier this month.
No coin among the top 10 cryptocurrencies by market cap fell harder than Dogecoin this week, but a few other contenders are close: Ethereum is down 16%, Solana plunged 18% and Cardano lost 19% of its value during this period.
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