Dogecoin plummets 36% in the month of cryptocurrencies fall
Since hitting an all-time high of $0.73 in May, Dogecoin has lost more than 70 percent of its value — and last month alone it’s dropped 36 percent.
In a tweet on July 9, Musk attacked both Bitcoin and Ethereum for their slow transaction times. He added that improving Dogecoin to minimize transaction costs would be a solution. The commentary revealed continuing evidence of Musk’s ability to control markets, sending Dogecoin up by more than 13 percent.
However, DOGE has since got rid of all these gains. The meme currency has dropped more than 5% in the last 24 hours, 14.8% in the last week and an incredible 36% in the previous month.