The price of Dogecoin has come tumbling down after Redditors boosted the cryptocurrency around 900% in the span of a little over 24 hours during the week, flocking to the crypto after being locked out from buying shares of GameStop on the Robinhood brokerage app. Crypto markets crashed following a huge market correction. Dogecoin dropped below $0.022 Saturday afternoon, after peaking late Thursday night around $0.078—a drop of about 72%. Trading volume has also dropped significantly, according to CoinMarketCap, which reported Saturday afternoon a 24-hour volume drop of 71%.
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