Since its all-time peak in May of 2021, Dogecoin has been in the fall.
Dogecoin has been down 2.08% in the last 24 hours.
The crypto market has suffered its most devastating hit in a long time. According to available statistics, the recent market decline has resulted in meme coins losing more than 80% of their ATH value. The most popular meme currency, Dogecoin, has lost more than 88% of its all-time high. There is no improvement for Shiba Inu, which has likewise lost almost 85% of its ATH.
Strong Backing by Investors
Since its all-time peak in May of 2021, Dogecoin has been in the fall. On a high note, Elon Musk was hawking the meme currency at its pinnacle around this time.
However, the digital asset has not performed as well since then. Almost the majority chunk of its all-time high has been lost in one of the worst drops ever observed. Contrary to popular belief, investors are not suffering as much as one would expect, given the meme coins’ recent collapse.
Investing in a meme currency like Dogecoin is like gambling to some people. Because of this, many investors have been urged to accept their gains. Despite this, the meme coin retains sway with a sizable portion of the population. Almost a year after the all-time high, many investors are still profiting from their investments.
According to statistics from IntoTheBlock, 53% of all investors are still in profit. Even though Dogecoin has lost 88.23 percent of its value since its all-time high, it is still one of the best investments for early investors. According to CMC, the Dogecoin price today is $0.084326 USD, with a 24-hour trading volume of $442,915,374 USD. Dogecoin has been down 2.08% in the last 24 hours.