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Dogecoin drops 75% from ATH after memecoin's price skyrocketed in May Updated: 2021-06-23 13:12:14 KST

The rollercoaster ride for cryptocurrency investors has been even wilder for those buying the smaller coin.
Since its all-time high in May, the meme currency Dogecoin has plunged a whopping 75-percent.
According to Coindesk, Dogecoin was trading at 18 cents on Tuesday, down from its all-time high of 74 cents.
Its market capitalization is down well over 70 billion dollars.
Cryptocurrencies have been spiraling since May, after Tesla CEO and self-professed Dogecoin fan Elon Musk said he would not accept Bitcoin as payment for Tesla cars, and as China imposed new curbs on crypto transactions.
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