Dogecoin Slumps Despite Market Surge

The cryptocurrency market experienced a significant surge recently, fueled by the approval of Bitcoin ETFs and Donald Trump’s election victory. This upswing resulted in record highs for various cryptocurrencies within the top 10. However, Dogecoin, previously favored by Elon Musk’s online influence, has seen a notable decline despite this overall positive trend. The coin’s value is now significantly below its peak of $0.73 in 2021, down over 70%. Despite brief gains spurred by Elon Musk’s appearance at Trump’s campaign rally, Dogecoin hasn’t been able to maintain above $0.40 since January.