Dogecoin and Meme Coins Face Major Decline as Bitcoin Retreats

Reported 1 day ago

Dogecoin's price has fallen to $0.31, reflecting a nearly 25% drop from last week, while Bitcoin has decreased to around $95,000 after hitting an all-time high of $108,000. Despite this decline, Dogecoin is still up 233% year-over-year. The meme coin market has surged to a capitalization exceeding $66 billion since Trump's election, raising speculation about its future performance, especially with Elon Musk's recent appointment to a government efficiency role associated with 'DOGE'. Experts suggest meme coins could attract younger investors but emphasize the need for them to transition to projects with real utility.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis