Dogecoin Dips Today—Key Reasons for the Drop

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Dogecoin price fell after the failure of the LIBRA token, which triggered an intensive sell-off across the memecoin sector.

Dogecoin is underperforming the crypto market on Feb. 18, down 5.5% in the last 24 hours to trade at $0.2494.

Dogecoin is seeing losses for the third day in a row after bulls failed to sustain the recent recovery to $0.2874.

In comparison, the global crypto market capitalization dropped 1.6% to $3.14 trillion.

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