Dogecoin Market Update

Dogecoin (DOGE) has experienced a significant drop of over $5 billion in market capitalization in just one day, driven by a massive selloff throughout the crypto market. As of now, DOGE is trading at $0.18 following a 14% decrease in the past 24 hours. With market sentiment shifting towards fear, the question arises: can a proposal from Cardano founder Charles Hoskinson help boost Dogecoin’s price by 5x?