Dogecoin Jumps to 3-Year High Price—Before Bitcoin Cools and Meme Coins Plunge
From decrypt by Andrew Hayward
Dogecoin got another leg up late Friday and into early Saturday, climbing to a price point not seen in over three years. But it has since fallen, with DOGE and other top meme coins among the biggest losers of the last 24 hours.
DOGE popped above the $0.475 mark on Saturday morning—the first time that the meme coin had risen that high since May 2021. Dogecoin has been on a torrid surge in recent weeks, starting before the election and becoming substantially more explosive in the days after.
Previously, in terms of recent moves, DOGE had previously popped as high as nearly $0.43 on November 13; at the time, it was a three-year high mark, but that local peak has since been topped. DOGE is now up 195% over the last 30 days, and 430% over the past year, per data from CoinGecko .
It was a short-lived peak, however, as is typical for such a volatile coin. DOGE is now down to about $0.41 as of this writing as the broader crypto market cools after last week's surge. Bitcoin , for example, has now dipped to a price of $96,725 after setting a new all-time high price of $99,645 on Friday and coming close to the $100,000 milestone mark .
Dogecoin is now down 12% over the past 24 hours, though it's not the biggest loser from the top 10 cryptocurrencies by market cap: XRP has dipped by 14% during the same span after pushing to its own three-year-high mark on Friday.
Zooming out, however, it is mostly meme coins that have fallen the hardest out of the top 100 coins over the past 24 hours. Brett (BRETT), Bonk (BONK), Popcat (POPCAT), Dogwifhat (WIF), Pepe (PEPE), and Floki (FLOKI) have all fallen by 10% or more during that span, alongside Dogecoin. Broadly, the crypto market is down by nearly 5% over the past day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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