Dogecoin Jumps to 3-Year High Price—Before Bitcoin Cools and Meme Coins Plunge

Dogecoin gained another lead late Friday and early Saturday, climbing to a price level not seen in more than three years. But it has since fallen, with DOGE and other top meme coins among the biggest losers of the past 24 hours.

DOGE crashed above the $0.475 mark on Saturday morning – the first time the meme coin rose that high since May 2021. Dogecoin has been on a massive rise in recent weeks, starting before the election and becoming significantly more explosive in the days following.

Previously, in terms of recent moves, DOGE had risen to almost $0.43 on November 13; At the time, that was the highest figure in three years, but that local peak has now been surpassed. DOGE is now up 195% in the last 30 days and 430% in the last year, according to data from Coin gecko.

However, it was a short-lived spike, as is typical for such a volatile currency. DOGE is now down to around $0.41 at the time of writing, as the broader crypto market cools after last week’s surge. Bitcoin, for example, has now fallen to a price of $96,725 after setting a new all-time high of $99,645 on Friday and coming close to the $100,000 mark.

Dogecoin is now down 12% in the past 24 hours, although it isn’t the biggest loser among the top 10 cryptocurrencies by market cap: XRP is down 14% in the same period after surging to its own three-year high on Friday.

However, if we zoom out, it is mainly meme coins that have fallen the most from the top 100 coins in the past 24 hours. Brett (BRETT), Bonk (BONK), Popcat (POPCAT), Dogwifhat (WIF), Pepe (PEPE) and Floki (FLOKI) are all down 10% or more in that period, in addition to Dogecoin. Broadly speaking, the crypto market is down almost 5% in the past day.