DOGE Witnesses Sharp Decline Ahead of Musk’s SNL Debut
- Dogecoin has experienced a sharp decline in market cap.
- The meme-based crypto has lost about $13.47 billion in just three hours.
- Experts are now predicting that DOGE will experience some volatility.
Dogecoin is facing a sharp decline in market cap, highlighting the asset’s volatility. The meme-based crypto lost about $13.47 billion in just three hours.
However, the decline in DOGE’s market cap emerged as the value plunged to $0.67 from the $0.73 all-time high price. As such, CoinMarketCap provides data that indicates the asset’s market cap dropped to $78.76 billion from $92.23 billion recorded three hours earlier on May 8.
In addition, the crypto rally received support from celebrities like Tesla (NASDAQ:) CEO Elon Musk. He always backed the asset through regular tweets. At the same time, the latest record price emerged ahead of Musk’s
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