Dogecoin price plunges 9% as crypto markets flash red
Among the market’s top 10 largest cryptocurrencies, Dogecoin price has led losses overnight, dropping about 9% in the last 24 hours.
The crypto industry’s largest “meme coin” by market capitalization, Dogecoin, has plummeted over 9% overnight.
Dogecoin price is now trading at around $0.088 following the latest drop. Bears have been in control of the token for the past week, too; in the past seven days, Dogecoin has fallen almost 16%, per CoinGecko.
After Ethereum and Bitcoin, DOGE generated the third-most liquidations in the past 24 hours.
Coinglass reports a total of $6.34 million in DOGE liquidations, the majority of which occurred on crypto exchange Binance. Roughly half of those liquidations ($3.79 million) were liquidated in the last 12 hours.
Losses accumulated have yet to eat into the hefty gains earned at the end of November, following continued speculation that Elon Musk would incorporate the cryptocurrency into Twitter.
In a recent presentation, the new Twitter CEO shared user metrics for the site as well as several new updates, including encrypted messaging and long-form tweets. The final box next to “Payments” is blank, churning the rumor mill that Musk had big plans for introducing a cryptocurrency.
However, there is little indication that he will actually move forward with such a plan.
LUNA Classic Burn: Will LUNC Burn Its Supply?
Luna Classic Burn: Can the Program Really Pump LUNC Price to $1.00?
Terra LUNA 2.0 vs. Luna Classic (LUNC): What Are the Differences?
Luna Classic Price Prediction: Will Luna Classic Reach $1?
Is Pi Network Legit Or Scam: Pi Coin Real Or Fake?
When Will Pi Coin Launch: Pi Network Phase 4 Release Date
Hooked Protocol Price Prediction: How High Will HOOK Coin Go?
Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK
Hooked Protocol: Everything You Need to Know
Gasoline Price Prediction 2022,2030: What Will It Be In Next Five Years?
XLM Price Prediction: How High Can XLM Go in 2030?
ADA Cardano Price Prediction 2025, 2030
Metamask Airdrop – To Get $MASK Token For Free?
What Exactly Is Toon Finance and How to BUY TFT?
What Is PoW Ethereum (ETHW)? Your Ultimate Guide
Best Bitcoin Casino Free Spins No Deposit 2022
HBAR Price Prediction 2022, 2025, 2030
A Beginner’s Guide to NFT Staking
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Scan to download