Dogecoin Down 23% This Week as Bitcoin and XRP Stumble After Surges

It’s been a rough few days for crypto prices after several weeks of upward strides, with Dogecoin losing nearly a quarter of its value over the past seven days as the recently surging Bitcoin and XRP mark their own substantial—but less severe—declines.

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Dogecoin, the original meme coin and still largest by market cap, is down a current price of $0.31, showing a nearly 5% dip on the day and 23% plunge over the last seven days, per data from CoinGecko.

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DOGE had ticked back up to nearly $0.35 early Saturday after plummeting as low as $0.267 on Friday—the lowest price marked in more than a month. However, that rebound faded over the course of the weekend.

The coin is still up 233% over the past year, but has lost substantial momentum since peaking at $0.48 earlier in December. That was a three-year high for Dogecoin.

Meme coins are famously volatile, and other major meme rivals have actually fallen harder than Dogecoin over the last week, with Dogwifhat (WIF) down 32%, and Floki (FLOKI) and Pepe (PEPE) falling 27%. Shiba Inu (SHIB) has mirrored Dogecoin’s losses with a 23% dip this week.

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Bitcoin, meanwhile, is showing a more than 7% dip this week at a current price of $95,140, though it has plunged by 12% in the last five days since hitting a new all-time high mark above $108,000. XRP has fallen by 9% in the last week to $2.21, down substantially since hitting a seven-year peak of $2.82 earlier this month.

No coin in the top 10 cryptocurrencies by market cap has fallen harder than Dogecoin this week, but a couple other contenders are close: Ethereum is down 16%, Solana has plunged 18%, and Cardano has shed 19% of its value during that span.