Dogecoin (
$0.081 ) has been struggling over the past few weeks, and its slide continued on Thursday with the token losing almost 3% in the last 24 hours, losing 2% in the last week, and dropping more than 18% in the last 30 days. For a token that’s lost more than 20% since 2022 began, it’s picked up a bit of value against Bitcoin (
$76,678.00 ) and Ethereum (
$2,449.15 ) while also inspiring meme tokens the world over. Even as the global market cap falls, Dogecoin ( $0.081 ) ’s impact is felt elsewhere. There are several knockoffs that are popping up every day, and while they typically trade at a fraction of a penny, it is important to remember that these tokens are both innovative and popular. Moreover, Dune Analytics raised $69,420,000 in Series B funding, a direct reference to Dogecoin ( $0.081 ) and Elon Musk—a known Doge bull. Buzz around Dogecoin ( $0.081 ) also continued as Elon Musk replied to a tweet from Mosaic co-author Marc Andreessen, saying, “who controls the memes, controls the universe.” Despite all the chatter, Dogecoin ( $0.081 ) was down more than 5% in early activity, trading at 13.6 cents on a 20% jump in volume but a more than 5% loss of its market cap.
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