Dogecoin Market Cap Plunged More Than $6 Billion in May
Dogecoin was among the hardest hit cryptocurrencies during the market crash of May which led to a massive drop in the market capitalization of the popular meme-inspired coin.
Dogecoin remains the largest meme-inspired digital currency by market capitalization in June 2022. According to Be[In]Crypto research, DOGE closed the fifth month of the year with a market capitalization of around $11.39 billion.
Dogecoin opened on May 1, at $0.1276, reached a monthly high of $0.1373 on May 5, tested a monthly low of $0.07004 on May 12, and ended the month at a trading price of $0.08586.
Overall, this equates to a 30% decrease between the opening and closing prices of DOGE in May.
Dogecoin remains the largest meme-inspired digital currency by market capitalization in June 2022. According to Be[In]Crypto research, DOGE closed the fifth month of the year with a market capitalization of around $11.39 billion.
Dogecoin opened on May 1, at $0.1276, reached a monthly high of $0.1373 on May 5, tested a monthly low of $0.07004 on May 12, and ended the month at a trading price of $0.08586.
Overall, this equates to a 30% decrease between the opening and closing prices of DOGE in May.
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