Dogecoin Market Cap Hits $14.3 Billion, Down 87% from Peak

Dogecoin's market cap reaches $14.3 billion, making it the 10th most valuable cryptocurrency. It trades 87% below its May 2021 peak, with a current price of $0.08 and a 52-week range of $0.08 to $0.30. The token has no fundamental catalysts and price moves depend solely on hype. Experts view it as a gamble, not a serious long-term investment, due to lack of underlying value and high volatility.