GameStop Vibes: Dogecoin (DOGE) Collapses 35 Percent in Minutes

The meme coin is performing just like meme stocks as volatility kicks into high gear

Thu, 01/28/2021 - 16:11

Dogecoin's dizzying rally has hit a snag. The cryptocurrency collapsed almost 35 percent in mere minutes before seeing a slight recovery.

Image by tradingview.com

The cryptocurrency is still up over 122 percent in one day after a Twitter account related to the WallStreetBets movement gave it a shout-out in a tweet.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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