• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

DOGE has dropped over $70 billion in market capitalization: Save your puppy Musk!

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

DOGE is down 70 percent from its all-time large as one dealer reiterated it’s one of those “bottomless” altcoins.

Related articles

Solana up 7% despite market decline: What's next for SOL?

Solana up seven% regardless of industry decline: What&#39s up coming for SOL?

March 16, 2024
Trends and forecasts

XRP: Market evaluation, trends and perspectives for traders

December 17, 2023
DOGE has lost over $70 billion in market capitalization: Save your dog Musk!
DOGE has dropped over $70 billion in market capitalization: Save your puppy Musk!

Dogecoin (DOGE), Elon Musk’s favorite cryptocurrency, has dropped tens of billions of dollars in value because he held the token on mainstream TV.

As sources mentioned this week, the market capitalization of this meme-based altcoin is currently $69 billion down from if the Tesla and SpaceX CEO hosted Saturday Night Live.

Dogecoin: 6 months, 70% reduction

Dogecoin saw a gigantic rally in ancient May and its peak had a market cap of $95 billion. When Musk went on air on May 8, contrary to expectations, DOGE/USD then started to plummet and has lasted to this day.

At the time of writing, the market capitalization of Dogecoin is only $26.5 billion — 72% reduced. The token is trading at $0.20, a far cry from its all-time high of $0.73.

The token itself started out as a joke, Dogecoin can get little actual criticism because of its ups and downs, this is just for the viral advertising of the likes of Musk and many others.

However, Musk himself has generated a backlash, with many claiming that those who purchased DOGE based on his attempts have lost money – something for those who might have significant consequences.

Others continued to joke about the general area of the market’s damage for many weeks. Former Bitrefill CEO John Carvalho joked.

“Say something, Elon Musk. PLEASE SAY IT.”

Last week, an analyst cautioned that Dogecoin could fall another 60 percent because of present losses.

Did the dog have a fantastic day?

The Bitcoin (BTC) price retracement is now difficult for altcoins generally.

While some have bucked the trend, most large-cap tokens have dropped in value significantly from their current highs. Data shows that this week, DeFi coins are 75% under their own peaks. However, as dealers notice, alts continue to be in a different area from where they were last year. For instance, Dogecoin was trading in 0.002 ISD in June 2020.

“A lot of altcoins are down 50%-70% but still up like 2000% less than a year ago. Just remember that there is no bottom when it comes to altcoins.”

Bitcoin has been attempting to recover some of its market cap share from altcoins within the last couple of weeks, reaching over 47%.

Synthetic

Maybe you’re interested:

Join the chat group Coinlive Chats Now let us discuss hot topics of DeFi market with Coinlive admins!!!

.

[ad_2]

Tags: billioncapitalizationdogDOGELostmarketMuskNews Altcoinssave
Share76Tweet48

Related Posts

Coinbase Adds Fartcoin and Subsquid to Listing Roadmap

by shark
June 6, 2025
0

Coinbase lists Fartcoin and Subsquid, boosting their market visibility and trading volumes.

Elon Musk Supports Trump’s Impeachment, Favors JD Vance

by shark
June 6, 2025
0

Elon Musk backs Trump impeachment, hints at replacing him with JD Vance. SpaceX Dragon decommissioning impacts U.S. space missions while...

Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction

by shark
June 6, 2025
0

Donald Trump proposes terminating Elon Musk's government subsidies, affecting markets and contracts.

Circle’s Stock Soars on NYSE Debut

by shark
June 6, 2025
0

Circle's stock opened at $69 on its NYSE debut, showcasing strong investor interest and marking a significant step in the...

Trump-Musk Relationship Strained Amid Policy Disagreements

by shark
June 6, 2025
0

Former President Donald Trump and Elon Musk are experiencing a strained relationship following U.S. policy disagreements, particularly concerning electric vehicle...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Coinbase Adds Fartcoin and Subsquid to Listing Roadmap
  • Elon Musk Supports Trump’s Impeachment, Favors JD Vance
  • Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction
  • Circle’s Stock Soars on NYSE Debut
  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • Total Crypto Trading Volume Reaches $80 Trillion Milestone
  • Hong Kong Legalizes Crypto Derivatives for Professional Investors
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7