Dogecoin is presently the worst-performing token in yearly positive aspects among the many top-tier meme cash.
Dogecoin (DOGE) has skilled a 12% decline over the previous month, underscoring a interval of subdued efficiency with solely a marginal 1% enhance over the previous yr. This downturn is additional accentuated by a forty five% decline in its buying and selling quantity within the final 24 hours, signaling a notable shift in investor engagement.
In distinction, different main meme cash are charting a special course. Shiba Inu has seen a rise of two% previously month and an general progress of three% over the yr. This efficiency, though modest, highlights a resilience that Dogecoin presently lacks.
![Dogecoin’s yearly gains take a hit as rival memecoins gain popularity - 1](https://crypto.news/app/uploads/2024/01/screen_shot_2024-01-11_at_6.10.43_pm-1.png)
Bonk has had a stellar yr with a unprecedented 1,400% surge in worth, complemented by a 24% enhance previously month alone. This spectacular trajectory illustrates the potential for fast positive aspects on this risky market phase.
Regardless of dealing with a slight dip at this time, PEPE has proven a commendable 9% enhance since final week. One other revolutionary entrant, CorgiAI, which merges memecoins with AI know-how, has proven a outstanding 29% progress since final week.
General, evidently DOGE’s positive aspects haven’t been as good-looking as its different main rivals, which could possibly be attributed to the rising recognition of different meme cash. Regardless of this, Dogecoin stays the eleventh largest token in all the market.