seeing dogecoin dropping so dramatically (14 at the time of writing) despite dogeday420 is quite intriguing.
why dogecoin dropping updated the main reason for the drop-in dogecoin prices seems to be the effect of elon musk dogecoin ultimatum to dogecoin whales. But the truth is the whales have actually dumped the major dogecoins on which is resulting in rapid decrease in your net worth.
The market cap of dogecoin is usd 7,068,538,272 with 128,523,145,008 doge circulating currently.
Dogecoin is slowly dropping below the market cap positions it was in 2017, with no particular interest and real world use cases in sight, aside of sporadic utility in charity tipping. But dogecoin communities is always a nice place for a good laugh it is a meme kingdom of cryptocurrency world.