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Dogecoin's Price Plunge: Can it Recover to $0.7316?

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On August 16, 2026, Dogecoin traded at $0.0699, up 0.7 percent from the previous day, with a market capitalization of $10.88 billion.

This is roughly 90 percent lower than its record high of $0.7316 on May 7, 2021.

Dogecoin still leads the meme sector, but newer money is drawn to sales priced in fractions of a cent.

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