- Dogecoin is the ninth largest cryptocurrency available in the market and the most important meme coin.
- DOGE is up 58% over the previous yr, whereas closest competitor SHIB is up 55.76%.
- Meme cash PEPE, BONK and WIF outperformed DOGE and SHIB in latest rallies.
Dogecoin (DOGE), the world's largest meme coin adopted by Shiba Inu (SHIB), is going through a decline. Regardless of the assist from Elon Musk, its value has dropped by 21% within the final 30 days, elevating considerations about its future dominance within the meme coin market.
Dogecoin's market capitalization is $14.58 billion, removed from its peak of $73 billion, in accordance with information from CoinMarketCap. Moreover, the value of DOGE on the time of writing is $0.1001, down 86.43% from its all-time excessive of $0.7376 recorded in Could 2021. Notably, the meme coin is up 17,825.21% from unique debut value.
Over the previous 24 hours, DOGE skilled a rollercoaster journey, swinging from a low of $0.1024 to a excessive of $0.1043 earlier than settling down once more. Notably, the ninth largest cryptocurrency is down 2.30% for the day and 1.29% for the week. Nevertheless, Dogecoin is up 58% since August 2023. Alternatively, its closest competitor the Shiba Inu, the present…
The submit Dogecoin's Dominance Fades As Different Meme Cash Soar appeared first on Coin Version.
