Dogecoin Drops 13% On Rumors Of An Ethereum-Like Merger Dogec | .

Dogecoin Drops 13% On Rumors Of An Ethereum-Like Merger

Dogecoin is one of the most volatile meme coins, which has been losing value as 2022 approaches, amid speculation of a possible proof-of-stake switch. Dogecoin’s price has dropped 13% in the last week and 6% in the last 24 hours to slightly less than $0.07.

According to CoinGecko data, the price of Dogecoin has decreased 13% in the last week and 6% in the previous 24 hours to slightly under $0.07. The notoriously volatile meme coin has dropped this week amid concerns about prospective modifications to the cryptocurrency’s existing energy-intensive proof-of-work mining methodology. Dogecoin remains the second largest proof-of-work cryptocurrency, trailing Bitcoin’s $316 billion market cap.

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