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

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. 

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. 

Dogecoin
Falls
Amid
Shaky
Market 

Dogecoin
added
to
a
string
of
weekly
losses
with
recent
outflows
taking
its
market
cap
to
$17.9
billion.
At
press
time,

DOGE

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. 

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. 

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

Zyncoin

and
Mongcoin
with
44.2%
and
40.1%
gains
respectively. 

Wider
Crypto
Losses 

Like
Dogecoin,
top
crypto
assets
have
recorded
losses
extending
liquidations.

Bitcoin

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. 

Also
Read:

3
Altcoins
To
Sell
This
Week
as
Market
Fluctuates

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