Dogecoin News: Top memecoin Dogecoin is at the brink of breaching the 1 cent mark for the first time in three months. After falling from a peak of 14 cents due to the FTX related contagion in November 2022, DOGE failed to touch the mark. The psychological barrier of 1 cent is important in the current scenario, as regulators become increasingly skeptical of the crypto mark after the FTX collapse. It is also encouraging given that memecoins are currently leading the price rally in the market, as Bitcoin (BTC) goes through correction in gains.
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As of writing, Dogecoin (DOGE) price stands at $0.09842, up 6.22% in the last 24 hours, according to CoinGape price tracker. The DOGE community is increasingly becoming bullish as the memecoin came as far as 0.099. Meanwhile, the price of Shiba Inu (SHIB), DOGE’s rival, skyrocketed on Saturday. This could be in anticipation of the upcoming Shibarium upgrade launch. As of writing, SHIB price stands at $1.54, up by a staggering 23% in the last 24 hours.
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