It's been a tough few days for crypto prices after several weeks of strong gains, with recently rising Bitcoin and XRP suffering their own significant – but less severe – declines, with Dogecoin losing nearly a quarter of its value over the past seven days.
Dogecoin, the original meme coin and still the largest by market cap, is currently trading at $0.31, down nearly 5% on the day and 23% over the past seven days, according to CoinGecko data.
DOGE fell to $0.267 on Friday – its lowest in more than a month – after falling to $0.35 early on Saturday. However, that rebound faded over the weekend.
The coin is still up 233% over the past year, but has lost much of its momentum since peaking at $0.48 in early December. This was a three-year high for Dogecoin.
Meme coins are notoriously volatile, and other major meme rivals have fallen more than Dogecoin in the past week, with Dogwifhat (WIF) down 32%, and Floki (FLOKI) and Pepe (PEPE) down 27%. Shiba Inu (SHIB) has mirrored Dogecoin's losses by plunging 23% this week.
Bitcoin, meanwhile, is down more than 7% this week at $95,140, although it has fallen 12% over the past five days after hitting a new all-time high above $108,000. XRP fell 9% to $2.21 last week, down sharply after hitting a seven-year high of $2.82 earlier this month.
No coin in the top 10 cryptocurrencies fell more than Dogecoin this week, but other contenders are close: Ethereum is down 16 percent, Solana is down 18 percent, and Cardano has lost 19 percent of its value over that period. .
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