DOGS (DOGS), a community-driven meme coin initiative on Telegram-backed The Open Network (TON), has tanked 36% in the past 30 days, despite the broader recovery of the digital asset sector.
DOGS Price Decrease
CoinMarketCap data shows DOGS hit a 30-day high of $0.001292 and has recovered from the 30-day low of $0.0008095. The all-time high of DOGS is $0.001644, seen in late August, and the meme coin is down 49.14% from its ATH. At the time of writing, the TON-based meme coin is trading at $0.0008331, down 1.25% in the past 24 hours.
Comparison with Other Meme Coins
Despite its debut in late August this year and achieving a market capitalization of $429 million, DOGS has nosedived 47.81% but has successfully achieved a market capitalization of $429 million. The altcoin’s trading volume also plunged 8.05%. In contrast, rival meme coins such as Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF) have shown double-digit gains over the same period.
DOGS Market Dynamics
DOGS is the 12th-largest meme coin by market cap. Despite achieving a significant market capitalization of $429 million upon its debut, the token continues to underperform. This decline has been observed even as the broader cryptocurrency sector has recovered, with Bitcoin (BTC) recently hitting the $66,000 mark.
DOGS (DOGS) continues to face challenges amidst the broader recovery of digital assets. Despite significant market capitalization, the token shows a downward trend, lagging behind other meme coins. Future market developments will determine whether DOGS can regain its lost ground.
Comments