📉Dogecoin price continues to fall, falling 4% on Wednesday morning. This is due to increased competition from other meme coins such as Pepe, Dogwifhat, Bonk and Brent. 🚀

- Dogecoin's trading volume in the last 24 hours was $585 million, while its market capitalization exceeded $17 billion.

- Pepe, with a market cap of $4.36 billion, had a trading volume of $676 million. Dogwifhat had a 24-hour volume of $587 million.

This suggests that new tokens are in great demand among traders.

Another reason for the fall of Dogecoin and other cryptocurrencies is that investors are starting to feel fear. The fear and greed index fell to a neutral point of 48, down from the year's high of 90.35.

What do you think about it? 🤔 Leave your comments below!