Dogecoin Down 23% This Week as Bitcoin and XRP Stumble After Surges

From decrypt by Andrew Hayward

Dogecoin is a popular meme cryptocurrency. Image: Shutterstock

It's been a rough few days for crypto prices after several weeks of upward strides, with  Dogecoin  losing nearly a quarter of its value over the past seven days as the recently surging  Bitcoin  and  XRP  mark their own substantial—but less severe—declines.

Dogecoin, the original meme coin and still largest by market cap, is down a current price of $0.31, showing a nearly 5% dip on the day and 23% plunge over the last seven days, per data from  CoinGecko .

DOGE had ticked back up to nearly $0.35 early Saturday after plummeting as low as $0.267 on Friday—the lowest price marked in more than a month. However, that rebound faded over the course of the weekend.

The coin is still up 233% over the past year, but has lost substantial momentum since peaking at $0.48 earlier in December. That was a three-year high for Dogecoin.

Meme coins are famously volatile, and other major meme rivals have actually fallen harder than Dogecoin over the last week, with  Dogwifhat  (WIF) down 32%, and Floki (FLOKI) and  Pepe  (PEPE) falling 27%.  Shiba Inu  (SHIB) has mirrored Dogecoin's losses with a 23% dip this week.

Bitcoin, meanwhile, is showing a more than 7% dip this week at a current price of $95,140, though it has plunged by 12% in the last five days since hitting a new all-time high mark above $108,000. XRP has fallen by 9% in the last week to $2.21, down substantially since hitting a seven-year peak of $2.82 earlier this month.

No coin in the top 10 cryptocurrencies by market cap has fallen harder than Dogecoin this week, but a couple other contenders are close:  Ethereum  is down 16%,  Solana  has plunged 18%, and Cardano has shed 19% of its value during that span.