The recent market activity of Dogecoin has intensified worries regarding the dwindling vitality of the meme coin sector. In the last 24 hours, Dogecoin's value has decreased by almost 4%, causing its price to fall below $0.16 for the first time since April.
This decline marks a continuation of a month-long downward trend, during which Dogecoin has consistently lost value, raising alarms among investors and analysts alike.
