{"id":9746,"date":"2021-07-17T17:54:10","date_gmt":"2021-07-17T17:54:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/dogecoins-downward-slide-2-month-stats-show-meme-based-crypto-is-down-76\/"},"modified":"2021-07-17T17:54:10","modified_gmt":"2021-07-17T17:54:10","slug":"dogecoins-downward-slide-2-month-stats-show-meme-based-crypto-is-down-76","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/dogecoins-downward-slide-2-month-stats-show-meme-based-crypto-is-down-76\/","title":{"rendered":"Dogecoin\u2019s Downward Slide: 2-Month Stats Show Meme-Based Crypto Is Down 76%"},"content":{"rendered":"

The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies. However, in recent times the original dogecoin has faltered, and over the last three months has shed 46.24% of its value.<\/strong><\/p>\n

Despite Being Down 76% Since the Meme Token\u2019s All-Time High, 12-Month Stats Show Dogecoin Is Still up Over 5,000%<\/h2>\n

For many years, dogecoin (DOGE)<\/a> spent its life trading below a U.S. penny \u2014 from 2014 all the way until January 2021. But much to the co-creator of dogecoin\u2019s dismay<\/a>, DOGE has surged in value during the last year against the U.S. dollar, gaining a whopping 5,578%.<\/p>\n

Against bitcoin (BTC<\/a>), DOGE has jumped 1,551% over the last 12 months. Still, after all those gains dogecoin has slid immensely in value following the rest of the crypto market\u2019s downturn.<\/p>\n

On Saturday, July 17, dogecoin (DOGE)<\/a> has been trading for $0.17 per unit after reaching $0.737 per unit two months ago. The well-known meme crypto is now down more than 76% from the crypto asset\u2019s all-time high (ATH). Seven-day statistics show DOGE has lost 18% this week, and 30-day stats show a loss of more than 43% during the last month.<\/p>\n

Dogecoin<\/a> still has a very large market capitalization with $23 billion at the time of writing. The DOGE market cap is much larger than the coin\u2019s ERC20 competitor, shiba inu (SHIB)<\/a>, which has a $3.3 billion market valuation today.<\/p>\n

<\/p>\n

Baby Doge Sheds 63% This Week, Yooshi Token and Elondoge Gather This Week\u2019s Double-Digit Meme Token Gains<\/h2>\n

In terms of percentages down from the ATH, dogecoin is down a lot more than many coins in the top twenty positions. Compared to dogecoin\u2019s competitors like SHIB, dogecoin lost more weekly gains than SHIB\u2019s<\/a> 15% losses this past week.<\/p>\n

However, baby doge (BABYDOGE)<\/a> has lost a massive 63.2% this week. All the canine meme tokens have seen deep losses and only a few meme tokens have done well. A meme-crypto asset called yooshi (YOOSHI)<\/a> has been the only big gainer, gathering 57% this week.<\/p>\n<\/p>\n

YOOSHI is not a dog coin, as it looks more like a frog, but the token community that claims to boast 220K members aims to create a metaverse, NFTs, and also to give to charity. Finally, a relatively unknown dog coin called Elondoge token (EDOGE)<\/a> has gained double digits this week with a 28% rise.<\/p>\n

It\u2019s hard to say what the meme-based token economy will do from here, but it seems these coins are falling victim to the overall market sentiment no matter how colorful they are.<\/p>\n

What do you think about dogecoin\u2019s market performance in recent times and the other meme-based crypto assets? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nAltcoins, All time high, ATH, baby doge (BABYDOGE), Doge, dogecoin, double digits, Losses, Market Capitalization, Markets, Meme Coins, Meme Tokens, Meme-coin economy, Prices, shib, shiba inu, weekly stats, YOOSHI<\/p>\n","protected":false},"excerpt":{"rendered":"

The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies. However, in recent times the original dogecoin has faltered, and over the…<\/p>\n","protected":false},"author":0,"featured_media":9747,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9746"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9746"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9747"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}