- Dogecoin is the ninth largest cryptocurrency available on the market and the biggest meme coin.
- DOGE has risen 58% over the previous yr, whereas its closest competitor, SHIB, has risen 55.76%.
- Meme cash PEPE, BONK and WIF have outperformed DOGE and SHIB within the latest rally.
Dogecoin (DOGE), the world's largest meme coin after Shiba Inu (SHIB), is going through a selloff: its value has fallen 21% over the previous 30 days regardless of the backing of Elon Musk, elevating issues about its future dominance within the meme coin market.
In keeping with knowledge from CoinMarketCap, Dogecoin's market capitalization is $14.58 billion, a far cry from its peak of $73 billion. Furthermore, on the time of writing, DOGE is priced at $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 its debut value.
Prior to now 24 hours, DOGE has seen a rollercoaster of motion, fluctuating from a low of $0.1024 to a excessive of $0.1043, earlier than falling once more. Notably, the ninth-largest cryptocurrency is down 2.30% in a day and 1.29% in per week. Nevertheless, Dogecoin is up 58% since August 2023. In the meantime, its closest rival, Shiba Inu, is at the moment…
The article Dogecoin’s dominance fades as different meme cash surge appeared first on Coin Version.
