Dogecoin (CCC:DOGE-USD), the meme cryptocurrency styled after an internet-famous Shiba Inu, is being treated like yesterday’s news.
In recent weeks, the crypto-collapse has affected all corners of this headline-grabbing market segment, but none has had to face the music quite like Dogecoin.

After rising to a high of nearly 74 cents in May, DOGE has mostly lost value since then, leading some to declare Dogecoin is dead.
However, the meme coin is still outperforming the stock market despite the corrections.
Dogecoin dropped 10% in 24 hours Thursday, but an early morning tweet from Elon Musk managed to stem the tide somewhat.
The Tesla (NASDAQ:TSLA) CEO is a prominent Dogecoin backer. Responding to crypto YouTuber Matt Wallace, Musk tweeted the canine-themed cryptocurrency could beat out Ether and Bitcoin (CCC:BTC-USD) following an upcoming upgrade.
“In my opinion, ‘Doge’ has the potential to maximize transaction rates and reduce transaction costs with exchanges acting as a de facto secondary layer,” wrote Musk. “Bitcoin and Ethereum are looking for a multi-layer transaction system, but the base layer transaction rates are slow and the transaction fees are high.”