Dogecoin gained another boost late on Friday into Saturday morning, reaching a level of price not seen for over three years. Since then it’s fallen. DOGE, along with other popular meme currencies are the largest losers over the past 24 hour.
DOGE popped above the $0.475 mark on Saturday morning—the first time that the meme coin had risen that high since May 2021. Dogecoin is on an explosive rise in recent days, beginning before the election.
Prior to this, DOGE reached a local peak of $0.43 in November 2013. At the time it had been at a 3-year high, but since then, that mark has now been overtaken. According to CoinGecko, DOGE’s value has increased by 195% within the last thirty days and 4320% in the past 12 months.
The peak was short-lived, but that’s typical of a coin with such volatile price fluctuations. DOGE is now down to about $0.41 as of this writing as the broader crypto market cools after last week's surge. Bitcoin has dropped to $96,725 from $99,645 last Friday, a record high. It is now close to $100,000.
Dogecoin is now down 12% over the past 24 hours, though it's not the biggest loser from the top 10 cryptocurrencies by market cap: XRP has dipped by 14% during the same span after pushing to its own three-year-high mark on Friday.
When zooming in, the most notable fallers among the 100 top coins are mostly memes. Brett (BRETT), Bonk, Popcat, Dogwifhat and Pepe have all dropped by more than 10% in the past 24 hours. The crypto market has fallen by nearly 5% in the last day.