Dogecoin (DOGE), a type of cryptocurrency like digital money, is having a tough time! Its price went down recently, and other similar cryptocurrencies called 'memecoins' are also falling.
- Dogecoin's price dropped by 5.5% in one day.
- Other memecoins like Shiba Inu and Pepe also lost value.
- This is partly because of a problem with another memecoin called LIBRA.
- Experts look at things like 'open interest' (how many people are trading it) to predict future price movements.
| Item | Value |
|---|---|
| Dogecoin's current price | $0.2494 |
| Dogecoin's 24-hour change | -5.5% |
| Possible future low price | $0.1455 |
| Memecoin market loss | ~$5 billion |
Remember, the value of cryptocurrencies can go up and down quickly. This information is for learning, not financial advice!
