Dogecoin (CRYPTO: DOGE) tanked 26.29% over 24 hours resulting in press time at $0.20. The Shiba Inu-themed coin has shrunk 39.5% over the past seven days.
What Occurred: The joke cryptocurrency’s market capitalization declined 25.68% to $25.73 billion. Buying and selling volumes rose 235.85% to $7.37 billion over 24 hours.
See Additionally: How To Purchase Dogecoin (DOGE)
Since hitting an all-time excessive of 0$.74 final month, DOGE has fallen 73.19%. Even the presence of a Dogecoin on the NASCAR circuit didn’t change the fortunes of the meme coin. DOGE slipped after the automobile bearing the Shiba Inu mascot crashed right into a wall on Monday.
Why It Issues: DOGE’s decline comes within the wake of a broader rout within the cryptocurrency market that additionally tanked cryptocurrencies with bigger market capitalization like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
In the meantime, the president of the Federal Reserve Financial institution of