Dogecoin (DOGE) Price Plummets 17%

The Dogecoin price plummeted 17% in the last 24 hours to trade at $0.1365 as of 4.30 a.m. EST on trading volume that skyrocketed 271% to $2.24 billion.

The price of Dogecoin (CRYPTO: DOGE) plummeted 17% in the last 24 hours to trade at $0.1365 on Thursday.

What Happened: Dogecoin saw a 271% increase in trading volume over the last 24 hours to $2.24 billion.

The world’s largest meme coin saw a massive price dip alongside Bitcoin (CRYPTO: BTC), which lost 10% of its value as a consequence of a global stock market crash triggered by US President Donald Trump imposing trade tariffs on countries around the world.

While Dogecoin is showing mild signs of recovery, many are still hesitant to join the crypto market, suspecting that the crash may not be over yet.

Dogecoin Price Prediction: Like most other cryptocurrencies, Dogecoin was trading sideways for a better part of the past seven days, as many were hesitant to buy or sell, unsure of how Trump’s tariff announcement would affect the crypto market.

However, with the announcement made last week, the stock prices started crashing, and crypto was soon to follow.

Dogecoin’s Bollinger bands, previously quite narrow, have seen a massive widening as the price descended and started pushing the lower band further down.

The project’s Relative Strength Index (RSI), which previously fluctuated between the oversold zone and the value of roughly 65 on Saturday, descended into the oversold zone, going between the values of 15 and 45. Only earlier today did it start venturing higher, back to 50, but as soon as it touched this level, traders would sell again and push it back down to 20.

With that said, the RSI has returned to 50 once again as of the time of writing, and DOGE is seeing a strong surge currently, which may suggest that traders are moving in to buy the dip. While the volatility remains high, this might be a sign of recovery, as many expect cryptos to bounce back much faster than the stock market, similar to what happened in 2020, when the pandemic first went worldwide and global lockdowns were announced.

Back then, stocks crashed and pulled digital assets down with them, but cryptocurrencies were bouncing back up within days, which might now be replicated with the tariff situation.

Promising Alternative To Dogecoin: As the DOGE price plunges, traders are still buying up MIND Of Pepe (CRYPTO: MIND), which has surged past $7.87 million in presale.

MoP is a meme coin and AI agent hybrid, and thus straddles two of the hottest sectors in crypto.

MoP itself is a self-sovereign with real-time intelligence that can perform hive-mind analysis. It will combine this technology with its autonomous X account, which will be used to monitor conversations across Crypto Twitter, and try to spot sentiment changes and new trends before they emerge.

This information will then be passed to token holders, giving them an edge in the market.

Influential YouTuber ClayBro, who has more than 135k followers, believes that MoP could become the leader of AI Agents, like Dogecoin is for meme coins.

MIND tokens currently sell for $0.0036817 each. Buy before a price hike in less than 11 hours for the best deal.

See More: Top Meme Coins To Buy in 2024

This article has been written with the assistance of AI and reviewed by Benzinga editors for accuracy and relevance.

Photo: TheDogeFather on Unsplash