Dogecoin’s Dominance Fades as Different Meme Cash Surge

• Dogecoin is the ninth-largest cryptocurrency available in the market and the biggest meme coin.
• DOGE is up 58% prior to now 12 months whereas nearest competitor SHIB is up 55.76%. 
• Meme cash PEPE, BONK, and WIF have outperformed DOGE and SHIB within the latest rally.

Dogecoin (DOGE), the world’s greatest meme coin adopted by Shiba Inu (SHIB), is going through a downturn.  Regardless of help from Elon Musk, its value is down 21% prior to now 30 days, elevating issues about its future dominance within the meme coin market. 

As per the info from CoinMarketCap, the market capitalization of Dogecoin stands at $14.58 billion, a far cry from its $73 billion peak. Additional, the worth of DOGE on the time of writing stands at $0.1001, down 86.43% from the all-time excessive of $0.7376 witnessed in Might 2021. Notably, the meme coin is up 17825.21% from its preliminary debut value. 

Over the previous 24 hours, DOGE has seen a rollercoaster journey, swinging from a low of $0.1024 to a excessive of $0.1043 earlier than settling again down. 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. Then again, its nearest competitor Shiba Inu, curren…

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