Dogecoin reached $0.475, its highest price since May 2021, before experiencing a significant correction
DOGE has shown remarkable growth with 195% gains over 30 days and 430% over the past year
Bitcoin‘s retreat from near $100,000 coincides with broader cryptocurrency market cooling
XRP leads top-10 cryptocurrency losses with a 14% decline in 24 hours
Multiple meme coins, including BRETT, BONK, and POPCAT, saw double-digit percentage drops

Dogecoin’s Brief Rally to Three-Year High

Dogecoin’s price surged to $0.475 early Saturday, marking its highest value since May 2021.

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The rally proved short-lived as the cryptocurrency market experienced a broad correction.

DOGE’s current trading price has settled around $0.41, representing a 12% decline over 24 hours.

Market Performance and Historical Context

According to CoinGecko data, DOGE’s performance remains strong on longer timeframes, with 195% growth over 30 days.

The cryptocurrency’s yearly performance shows an impressive 430% increase.

This recent peak surpassed the previous local high of $0.43 recorded on November 13.

Bitcoin’s price movement has influenced the broader market dynamics.

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The leading cryptocurrency pulled back to $96,725 after approaching the psychological $100,000 barrier with an all-time high of $99,645 on Friday.

The cryptocurrency market’s 5% overall decline has particularly affected meme coins.

Notable declines among top-100 cryptocurrencies include:
– BRETT
– BONK
– POPCAT
– Dogwifhat (WIF)
– Pepe (PEPE)
– Floki (FLOKI)

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XRP experienced the largest decline among top-10 cryptocurrencies, dropping 14% after reaching its own three-year high on Friday.

This market correction reflects the characteristic volatility of meme coins and their susceptibility to rapid price movements in both directions.

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