The price of Dogecoin has fallen 19.37% in the last week to hit $0.18—the lowest it’s been since April 23, when the price hit $0.16—according to crypto data aggregator CoinMarketCap.
The meme coin is currently the eighth biggest cryptocurrency by market capitalization, holding a market share of $22.5 billion in a global crypto market that’s currently worth $1.28 trillion.
Dogecoin was created in 2013 by programmers Jackson Palmer and Billy Markus. The duo used the viral Shiba Inu meme as an avatar to satirize the altcoin minting frenzy.
Their prank soon paid dividends when the price of Dogecoin began to take off during last year’s Bitcoin bull run. Dogecoin has been much-vaunted on social media by a loyal contingent of fans, known colloquially as the ‘Doge Army’, which includes Dallas Mavericks owner Mark Cuban, Tesla CEO Elon Musk, and pop stars Snoop Dogg and Gene Simmons.
This week, co-creator Jackson Palmer launched a scathing Twitter tirade against his former
Źródło: https://decrypt.co/76140/dogecoin-down-20-from-last-week
