Dogecoin fell 23% this week with Bitcoin and XRP stumbling after rallies


It has been a tough few days for cryptocurrency prices after several weeks of bullish steps Dogecoin It has lost nearly a quarter of its value over the past seven days while rising recently Bitcoin and XRP This indicates significant - but less severe - declines.

The price of Dogecoin, the original meme and still the largest by market cap, has fallen at the current price by $0.31, showing a decline of approximately 5% on the day and a decline of 23% over the past seven days, according to data from Queen Gekko.

DOGE returned to nearly $0.35 early Saturday after falling to $0.267 on Friday — the lowest price recorded in more than a month. However, this bounce faded over the weekend.

The coin is still up 233% over the past year, but has lost significant momentum since peaking at $0.48 earlier in December. This was the highest level for Dogecoin in three years.

Meme coins are known to be volatile, and other major meme competitors have fallen further than Dogecoin over the past week, with Dujoyvat (WIF), down 32%, and (FLOKI). baby (Baby) decreases 27%. Shiba Inu (SHIB) reversed Dogecoin losses with a 23% decline this week.

Meanwhile, Bitcoin is showing a decline of more than 7% this week at the current price of $95,140, ​​despite falling 12% in the past five days since hitting a new all-time high above $108,000. XRP fell 9% last week to $2.21, a significant drop since it reached a seven-year high of $2.82 earlier this month.

No coin in the top 10 cryptocurrencies by market cap has fallen more than Dogecoin this week, but there are a couple of other contenders close behind: Ethereum decreased by 16% Solana It fell by 18%, and Cardano lost 19% of its value during that period.

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