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Dogecoin is marking losses wider than several meme coins as top crypto assets continue their downward movement. Meme coins saw losses last week with its market cap falling below $50 billion from almost $70 billion during the last bull run. The start of the week came with positive momentum for crypto assets but mid-week trading seems to revert volumes.&nbsp; 
Meme coins are up 5.1% today with a total market cap of $50.4 billion while Dogecoin slumped 3.4% sparking a bearish outlook. As the leading meme coin, DOGE has an impact on the overall market with volumes usually showing the state of market sentiments and future trends.&nbsp; 
<h2 id="strong-dogecoin-falls-amid-shaky-market-strong">Dogecoin Falls Amid Shaky Market&nbsp;</h2> 
Dogecoin added to a string of weekly losses with recent outflows taking its market cap to $17.9 billion. At press time, <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener">DOGE</a> trades at $0.1239 falling below many resistance levels. A major setback for the asset is the reduced bullish activity during this correction. Dogecoin bulls projected a rise to $1 as Bitcoin and other assets tapped new highs but the probability is now reduced.&nbsp; 
<img decoding="async" class="aligncenter size-full wp-image-204569" src="https://coingape.com/wp-content/uploads/2024/06/chart-64.jpeg" alt="" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/06/chart-64.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/06/chart-64-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/06/chart-64-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/06/chart-64-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/06/chart-64-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/06/chart-64-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px"> 
Daily volumes also reflect the poor sentiment of the market as investors move away from risky assets. Numbers fell 38% to $531 million, a similar occurrence in multiple crypto assets. This month, DOGE recorded 26% outflows taking its price further downwards.&nbsp; 
Dogecoin’s performance trails newly launched meme coins which have seen a slight increase in the last 24 hours. Top gainers in the market are <a rel="nofollow" href="https://www.coingecko.com/en/coins/zyncoin-2" target="_blank">Zyncoin</a> and Mongcoin with 44.2% and 40.1% gains respectively.&nbsp; 
<h2 id="span-style-font-weight-400-strong-wider-crypto-losses-strong-span">Wider Crypto Losses&nbsp;</h2> 
Like Dogecoin, top crypto assets have recorded losses extending liquidations. <a href="https://coingape.com/price/bitcoin/#:~:text=Live%20Price%20of%20Bitcoin%20(BTC,market%20cap%20stands%20at%20$1,215,164,807,085." target="_blank" rel="noopener">Bitcoin</a> trades at $60,735, dropping 1.83% in the last 24 hours. Leading altcoin Ethereum (ETH) saw 0.55% outflows to trade at $3,393. BNB, Solana, and Ripple recorded 0.67%, 0.89%, and 1.30% respectively. On the flip side, Toncoin, Tron, and Avalanche notched 1.25%, 0.93%, and 3.65% inflows. Crypto holders remain positive about a change of fortunes on the back of favorable macro factors.&nbsp; 
Also Read: <a href="https://coingape.com/trending/3-altcoins-to-sell-as-market-fluctuates/" target="_blank" rel="noopener">3 Altcoins To Sell This Week as Market Fluctuates </a> 
The post <a href="https://coingape.com/trending/dogecoin-doge-moves-behind-meme-coins-what-to-expect/">Dogecoin (DOGE) Moves Behind Meme Coins: What to Expect?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin (DOGE) Moves Behind Meme Coins: What to Expect?

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