The price of Dogecoin has dropped nearly 7% in the past 24 hours to reach $0.31 per DOGE. Over the past week, DOGE has lost around 24% of its value, underperforming other top cryptocurrencies. The price decline comes after Federal Reserve Chair Jerome Powell's comments hinted at fewer interest rate cuts next year, leading to a widespread cryptocurrency market drop. Traditional finance markets were also affected, with the S&P 500 and Nasdaq experiencing dips. Despite the recent decline, some analysts still predict a potential price surge for Dogecoin in the future.



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