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Dogecoin (DOGE) has had quite a year in 2024. The asset’s price skyrocketed after Donald Trump won the US Presidential election. DOGE’s sudden rise is likely due to Elon Musk’s support for the Trump campaign. The tech billionaire is one of the most vocal supporters of DOGE. Investor confidence in the memecoin increased significantly due to his support of Trump’s presidential campaign. Also Read: Shiba Inu: Can You Turn $1000 Of SHIB Into $1 Million By 2030? Dogecoin’s Price Movements Source: NewsBTC Despite its incredible performance in November 2024, DOGE has faced a significant price correction over the last few weeks. DOGE is down 2.4% in the daily charts, 20.7% in the 14-day charts, and 24.8% over the previous month. The memecoin is still up by 3.4% in the weekly charts and nearly 255% in the yearly charts. Source: CoinGecko Also Read: How High Will Bitcoin Rise In January 2025? DOGE’s latest correction comes amid Bitcoin’s (BTC) descent to ...

Ripple’s XRP token is facing a significant price correction right now. The asset is down by 2.3% in the daily charts, nearly 15% in the weekly charts, 9.6% in the 14-day charts, and no changes over the previous month. Despite the dip, the asset is up by a mere 1.5% since October 2023. Source: CoinGecko Also Read: Cardano: Buying ADA Dip May Prove Lucrative In Future, Analyst Says Why Is The Crypto Market Down Today? The cryptocurrency market experienced a resurgence over the weekend after positive jobs data on Friday. However, the rally did not last, and today, XRP and other assets glowing red-faced a correction. Also Read: Ethereum: New Proposal Aiming to Increase Throughput 50% The current dip is likely due to the US Supreme Court refusing to accept the case on the over 69,370 Bitcoin (BTC), worth around $4.4 billion, seized from the Silk Road dark web marketplace. The US government may sell the $4.4 billion worth of BTC. Market participants may expect a price dip if the US gove...