Dogecoin Is Experiencing One Of Its Worst Days!

Dogecoin, which has left its mark on the cryptocurrency market recently, has lost more than 36 percent in value.

Dogecoin is experiencing one of its worst days. Dogecoin, which recorded a sharp rise with the support of famous names such as Elon Musk and Snoop Dogg for a while and became one of the top five cryptocurrencies, lost more than 36 percent on June 21. The price of the unit declined from $0.281 to $0.165 and closed at $0.1783. This year, the biggest decline before that was 44 percent on January 30, considering the closing level. DOGE experienced the biggest drop among the top 10 cryptocurrencies by market capitalization.

Reaction to Elon Muk: "We Trusted You"

After the sharp decline in Dogecoin, Elon Musk was showered with backlash from the social square. A Twitter user said, “DOGE dropped 70 percent and screwed us up. We trusted you.". Dogecoin reached $0.74 on May 8, and fell after Musk's skit on the Saturday Night Live program. Since then, it has lost 73 percent of its value. The loss of Dogecoin in the last 24 hours was 26.71%. Moving between $0.164900 – $0.259770 during the day, the unit is trading at $0.187920 at the time of writing.