Dogecoin Dives 10%—But These Meme Coins Are Down Even Worse
Dogecoin has dropped 10% in value over the past 24 hours, reacting sharply to mixed U.S. economic reports. This decline makes it the biggest loser among the top 10 cryptocurrencies by market cap, surpassing notable currencies like Bitcoin and Ethereum. However, other meme coins have experienced even greater losses, with Solana-based coins Bonk and Dogwifhat both down about 11%. More drastic are recent losses by AI16Z, which has seen a nearly 15% drop today. Other failing tokens include Floki, Brett, and Gigachad, all down approximately 11%, while Popcat has fallen almost 16%. Contrarily, Akuma Inu stands out as the only meme coin in the top 250 seeing gains, up 55% today, primarily fueled by a significant weekly surge. Currently, Dogecoin's price is around $0.35, down nearly 10% but still up 11% for the week, influenced by earlier price increases. Despite this recent downturn, future projections remain optimistic for Dogecoin, although volatility remains a challenge for meme coins in general.
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