As previously reported, the global crypto market cap is dropping, bringing down tokens around the world. As apex tokens like Bitcoin (
$80,281.00 ) continue to bottom out, they are bringing down meme tokens like Dogecoin (
$0.077 ) . Over the past 7 days, Dogecoin ( $0.077 ) has lost nearly 19%, losing almost a percent to Bitcoin ( $80,281.00 ) . However, Dogecoin ( $0.077 ) somehow rose 2% against Ethereum (
$2,411.67 ) . In the past 30 days, investors have lost over 37% on Dogecoin ( $0.077 ) and over 29% in the past 90 days. Not only has the China Evergrande ($EGRNF@China) crisis caused fluctuations in the crypto market, but electricity shortages in Kazakhstan are pushing down crypto values. On a related note, Elon Musk took to Twitter ($TWTR@US) to joke that he should become an influencer full-time, attracting attention for himself and Dogecoin ( $0.077 ) , of which he is a strong proponent. Analysts even joked in reply, noting that Musk would likely shill for Dogecoin ( $0.077 ) . At press time, DOGE fell over 2%, sitting at 17.27 cents, nearly a cent off its 24-hour high.
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