Dogecoin, the popular meme coin, has surprised the crypto community with a significant price increase over the past year compared to altcoins like Ethereum and Solana.
Comparison of Dogecoin Prices with Ethereum and Solana
According to CoinMarketCap data, Dogecoin (DOGE) has shown a 26.62% price growth over the last year and is currently trading at $0.1589. Meanwhile, Ethereum (ETH) has faced significant losses, declining by 29.94% during the same period and standing at $2,422.68, far from the psychological $3,000 mark it reached between November 2024 and January 2025.
Ecosystem Support for Dogecoin and Its Impact
The recent surge of Dogecoin is associated with its bounce back after testing support at $0.1350. This notable movement has increased confidence among investors, reflected in a rise in open interest where traders committed $1.80 billion to the meme coin.
Cryptocurrency Market and Its Volatility
The cryptocurrency market is known for its unpredictability, particularly concerning meme coins. Many traders anticipated Dogecoin would follow historical patterns; however, the asset's unexpected behavior has led to its strong position among larger altcoins.
Dogecoin's growth against the backdrop of falling prices for Ethereum and Solana may indicate its resilience in the face of cryptocurrency market volatility, which could attract more investor attention.
