Granted, Dogecoin did crank to an all-time high yesterday hitting $0.418 for the first time ever as fans pumped the meme-flavored token amid a flurry of hysteria.
However, since that giddy peak DOGE slumped almost 32% to hit an intraday low of $0.285 in early trading on Wednesday, April 21 according to Coingecko.
DOGE/USD – Coingecko.com
Since then, the token has managed to recover slightly to trade at $0.340 at the time of writing. The big dump was inevitable following the token’s hype-fuelled pump of 250% over the past week.
DOGE is currently holding sixth in the market cap charts with $43 billion according to Coingecko.
More Meme Power
As reported by CryptoPotato, April 20 was designated ‘DOGE Day’ following the initiation of DOGE-themed campaigns by community members on Twitter and Reddit. The trend spread outside of crypto circles and even confectionary brands Snickers and Milky Way joined the craze.
There has also been no shortage of surreptitious comments from Elon Musk
Źródło: https://cryptopotato.com/dogecoin-disappoints-with-32-dump-after-doge-day/
