Shiba

Dogecoin

Bonk

Read

Shiba Inu

Dogecoin is currently the worst-performing token in yearly gains among the top-tier meme coins.&nbsp; 
Dogecoin (<a href="https://crypto.news/price/dogecoin/">DOGE</a>) has experienced a 12% decline over the past month, underscoring a period of subdued performance with only a marginal 1% increase over the past year. This downturn is further accentuated by a 45% decline in its trading volume in the last 24 hours, signaling a notable shift in investor engagement. 
In contrast, other leading meme coins are charting a different course. <a href="https://crypto.news/price/shiba-inu/">Shiba Inu</a> has seen an increase of 2% in the past month and an overall growth of 3% over the year. This performance, although modest, highlights a resilience that Dogecoin currently lacks.&nbsp; 
<figure class="wp-block-image aligncenter size-full is-resized">
 <img loading="lazy" decoding="async" width="423" height="495" src="https://crypto.news/app/uploads/2024/01/screen_shot_2024-01-11_at_6.10.43_pm-1.png" alt="Dogecoin’s yearly gains take a hit as rival memecoins gain popularity - 11" class="wp-image-14237818" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener">CoinMarketCap</a>
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/grayscale-moves-183m-in-btc-amid-etf-fee-competition/"> Grayscale moves $183m in BTC amid ETF fee competition </a> 
<a href="https://crypto.news/price/bonk/">Bonk</a> has had a stellar year with an extraordinary 1,400% surge in value, complemented by a 24% increase in the past month alone. This impressive trajectory illustrates the potential for rapid gains in this volatile market segment. 
Despite facing a slight dip today, <a href="https://crypto.news/price/pepe/">PEPE</a> has shown a commendable 9% increase since last week. Another innovative entrant, CorgiAI, which merges memecoins with AI technology, has shown a remarkable 29% growth since last week.&nbsp; 
Overall, it seems that DOGE’s gains have not been as handsome as its other major competitors, which could be attributed to the growing popularity of other meme coins. Despite this, Dogecoin remains the 11th largest token in the entire market.&nbsp; 
 Read more: <a href="https://crypto.news/blackrocks-larry-fink-points-to-value-in-ethereum-etfs-crypto-asset-class/"> BlackRock’s Larry Fink points to value in Ethereum ETFs, crypto asset class </a>

Dogecoin’s yearly gains take a hit as rival memecoins gain popularity

crypto.news

Other articles published on Jan 12, 2024

Stablecoin issuer Circle announces its confidential filing of a U.S. IPO

Bitcoin (BTC) Halving is Only 100 Days Away: Here’s the Latest Information and Other Altcoins to ...

Ethereum Price Prediction: Analyst Predicts 100% Rise Against Bitcoin

Will XYO Price Bounceback from the Current Dynamic Support?

BlackRock CEO Larry Fink Highlights Importance of Spot Ethereum ETF

Gerillaz OÜ onboards MMORPG World of the Abyss (WOTA) and joins WEMIX PLAY as its first Estonian ...

Join our free newsletter for daily crypto updates!