Dogecoin has experienced a significant drop in value, reaching its lowest point in three weeks and almost matching its low point earlier this year. The price currently stands at $0.225 per coin, with a 24-hour dip of 7%. Dogecoin has been one of the worst-performing top digital assets in recent weeks, with a dip of nearly 16% over a seven-day period. The meme coin market as a whole has also been affected, with most digital tokens experiencing losses. Dogecoin gained popularity after Elon Musk promoted it on Twitter during the pandemic, but its value has since fallen substantially. Traders and investors are also showing low confidence in the future price action of Dogecoin, with open interest on the coin at its lowest level this year.



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