• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
XRP Dogecoin Bitcoin

XRP, Dogecoin (DOGE) Post Worrying Losses In Top-10; What’s Happening?

Dalmas Ngetich
by Dalmas Ngetich
2 years ago
·
Posted in Altcoins
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP, the native currency of the XRP Ledger (XRPL) developed by Ripple Labs, and Dogecoin (DOGE), the original meme coin, are among notable fast-falling assets in the top-10 looking at developments in the daily chart over the past week.

When writing on August 17, XRP is down 10% while DOGE is dumping even harder, losing 13% in the last seven trading days. 

The Altcoin Sell-off

At this rate, XRP and DOGE match MATIC, down 13%, and SHIB, the Shiba Inu’s native token, fell 15% in the same time frame. The sell-off of these altcoins is noticeable and comes amid encouraging fundamental developments. 

XRP price on August 17| Source: XRPUSDT on Binance, TradingView
XRP price on August 17| Source: XRPUSDT on Binance, TradingView

What’s also evident is that traders are dumping DOGE and SHIB, two of the most valuable meme coins, and decentralized finance (DeFi) tokens at a relatively higher pace than other coins. Apart from MATIC, the token behind Polygon, the Ethereum sidechain, and XRP, tapped by Ripple for its On-Demand Liquidity (ODL) solution, LidoDAO (LDO) and Uniswap (UNI) are deep in red when writing. 

Related Reading: Busted: Singapore Uncovers $735 Million Crypto Scandal – Here’s What We Know

UNI, for example, is down 15% despite being the dominant decentralized exchange (DEX). Meanwhile, LDO is down 10%, albeit the most significant DeFi protocol by total value locked (TVL) according to DeFiLlama data. As of August 17, LidoDAO and Uniswap had TVLs of $14.3 billion and $3.5 billion, respectively. 

Altcoins appear to be under immense selling pressure looking at price action in the daily chart and over the past week just when Bitcoin is crashing, contracting from around $28,500 region. The world’s largest coin is now below the “bull flag” in the daily chart hinting that bears are in control and there might be even more losses in the coming few trading sessions. 

Bitcoin Falls, XRP And DOGE Follows Despite Solid News

Bitcoin remains bullish from a top-down preview since price action is within the June to July 2023 trade range. Given the correlation between Bitcoin and altcoins, every dip in BTC could worsen altcoins’ losses going forward. 

Related Reading: Bitcoin Price Will Jump 500% If This Happens: Fundstrat Founder

The drop in XRP is roughly after a United States court ruled that it is not a security, a win against the Securities and Exchange Commission (SEC) that briefly lifted BTC to $31,800. XRP soared above $0.80 but is now down, sliding 10% in the last week alone, and appears to be edging back toward the $0.45 zone. 

On the other hand, the Mission DOGE-1 for Dogecoin has been slated for later this year. The mission, which was initially delayed, is fully paid for in DOGE.

Feature image from Canva, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Dalmas Ngetich

Dalmas Ngetich

Follow

Dalmas is an experienced journalist with over a decade in Forex, general finance, technology, and blockchain developments. He is currently a crypto reporter for Bitcoinist, where he covers DeFi, blockchain, DeFi, and latest industry news. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, CoinTelegraph, and Entrepreneur, among others. He is passionate about technology and politics and is always on the lookout for the latest trends in these fields. He also loves spending time with his family and friends, exploring nature, and traveling to new places. Connect on X: @Dalmas_Ngetich, or message him directly on Telegram here: @Dalmas_Ngetich.

Full Profile

Related Posts

Ethereum-reclaims-3700-institutional-inflows-spark-altcoin-hunt-tw

以太坊重返3700美元關口!機構資金回流搏反彈掀起新一輪山寨幣尋寶潮

1 day ago
Tom Lee คาด Bitcoin จ่อทะลุ $250,000 ใน 76 วัน!

Tom Lee คาด Bitcoin จ่อทะลุ $250,000 ใน 76 วัน!

2 days ago
Meme coin markt crasht met $40 miljard verlies.

Enorme $40B meme coin crash – grote kans voor meme coin presales voor lancering

2 days ago
Labākais kriptovalūtas iepriekšpārdošanas piedāvājums, ko var iegādāties jau tagad? Bitcoin Hyper pārsniedz 23,9 miljonu dolāru robežu

Labākais kriptovalūtas iepriekšpārdošanas piedāvājums, ko var iegādāties jau tagad? Bitcoin Hyper pārsniedz 23,9 miljonu dolāru robežu

2 days ago
top 3 nové kryptomeny pre tretí štvrťrok 2025

Spoznajte 3 najsľubnejšie nové kryptomeny pre tento štvrťrok 2025

2 days ago
Labākā kriptovalūta, ko iegādāties tagad, kad kriptovalūtu tirgus mēģina atgūties no krīzes

Labākā kriptovalūta, ko iegādāties tagad, kad kriptovalūtu tirgus mēģina atgūties no krīzes

2 days ago

Premium Sponsors

Press Releases

  • Цената на Solana

    Прогноза на ChatGPT за цената на Solana...

    2 days ago
  • WEEX Unveils Chunky Welcome Bonus: Up to 50% in Futures Rewards for New Crypto Traders.

    WEEX Unveils Chunky Welcome Bonus: Up to 50% in Futures...

    2 days ago
  • Fleet Mining New Mobile App Makes Crypto Mining Accessible

    Fleet Mining’s Mobile App Makes Crypto Mining...

    3 days ago
  • WEPE เดินหน้าเข้าสู่ Solana...

    4 days ago
  • Fleet Mining: Trusted AI Cloud Mining Platform for Stable Passive Income in 2025

    Fleet Mining: Trusted AI Cloud Mining Platform for Stable...

    4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.