Dogecoin Falls Below 10 Cents Amid Market Correction

02-06 21:22

Dogecoin's price has fallen below 10 cents for the first time since September 2024, indicating a broader market correction. According to NS3.AI, this decline coincides with Bitcoin's drop below $62,000, reflecting bearish sentiment across the cryptocurrency market. Elon Musk has announced plans to send a Dogecoin to the moon next year, which could potentially lead to a significant price rally. Despite optimism surrounding Musk's influence and possible payment integrations, Dogecoin's short-term movement remains closely linked to the overall market sentiment.

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