Dogecoin collapsed by Almost 45% in a Week
Jun 22, 2021
The Dogecoin meme cryptocurrency, which is backed by Tesla and SpaceX founder Elon Musk, has lost nearly 45 percent of its value in the last seven days. During the day, it plummeted by 27%. Dogecoin has dropped to eighth place in terms of total capitalization among the top ten cryptocurrencies. One token now costs around $0.18. Despite the fact that the cryptocurrency was recently valued at nearly $0.40. The highest price was recorded on May 8 — $0.73 was requested for the coin. At the time, it ranked third in terms of total capitalization, trailing only cryptocurrency titans Bitcoin and Ethereum.
