Dogecoin (DOGE) has fallen 8.6% in the last 24 hours, a sign that the price of the world’s most popular meme coin could be undergoing a correction after it was briefly pumped by Twitter CEO Elon Musk this week. 

On Monday, DOGE ballooned 20% in less than an hour after Musk changed the iconic blue bird logo on the social media site to a picture of Doge, the adorable Shiba Inu behind the iconic meme that inspired the coin. 

The intraday drop hasn’t yet wiped out DOGE’s heady gains over the last seven days. According to data by CoinGecko, it’s still up nearly 18% over the week. 

The coin’s rally kicked off last weekend after long-time Dogecoin fan Elon Musk filed a motion with a U.S. judge on Friday to dismiss a $258 billion lawsuit accusing him of allegedly running a racketeering scheme to back the cryptocurrency.

This isn’t the first time an Elon-inspired wave of Dogecoin hype has quickly receded. Back in May 2021, DOGE set its all-time high of $0.73 and almost became the third-largest cryptocurrency in the world off news that Musk would incorporate the cryptocurrency into his Saturday Ni

Go to Source to See Full Article
Author: Tim Hakki

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details