Dogecoin (DOGE) has dropped 8% in the last 24 hours, marking the steepest loss among top cryptocurrencies. As Bitcoin slides to approximately 71,000 USD after nearing 74,000 USD yesterday, the entire meme coin category faces a downturn.
Analyst Danny Nelson clarifies that DOGE’s brief uptick does not indicate a sustainable meme coin rally. Currently, DOGE is down 87% from its all-time high of 0.73 USD in 2021.
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