Dogecoin has experienced a significant dip as the broader crypto market struggles, with many meme coins seeing even larger losses. Currently priced at $0.323, Dogecoin fell nearly 5% in the last 24 hours and has declined over 16% in the past week. The plunge coincided with a market downturn affecting Bitcoin, which is now trading around $91,500, following fears of sustained high interest rates. Other meme coins are also suffering, including Pepe, which dropped by nearly 8%, and Bonk, which fell by over 8%. Tokens like Shiba Inu and Wagmi also recorded losses of 6% and 9%, respectively. The volatility of meme coins, driven by online trends and culture, can result in rapid price fluctuations, reflecting both significant risks and potential rewards for investors in this niche of the cryptocurrency market.

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