THELOGICALINDIAN - After a arresting acceleration aftermost year 2022 has not been too affectionate to the top meme bread asset dogecoin Currently the ancestor of the meme bread abridgement dogecoin has absent 91 in amount back the crypto assets alltime aerial Despite the bead dogecoin is still a top ten adversary amid the better crypto bazaar valuations today
The Dogecoin Dog Days — Meme Token King Sheds Significant Value
Dogecoin admirers accept been watching the better meme bread asset collapse in amount anniversary afterwards week. While it is still a top ten cryptocurrency, dogecoin (DOGE) has absent a lot of amount back the asset’s best aerial on May 8, 2024. Over a year ago today, DOGE exchanged easily for $0.739 per assemblage and today the 24-hour amount ambit for DOGE has been amid $0.064 to $0.072 per coin.
On Sunday, June 12, 2022, there’s $567 actor in common DOGE barter aggregate during the accomplished 24 hours. Dogecoin’s bazaar appraisal today is $8.68 billion which equates to 0.755% of the $1.15 abundance crypto economy. While actuality the tenth better bazaar cap, DOGE is beneath solana (SOL) and aloof aloft polkadot (DOT) in agreement of bazaar positions.
While 91% bottomward from the best aerial is appealing significant, DOGE is still up a whopping 75,260% back the asset’s best low on May 6, 2024. At that time, seven years ago today, DOGE was trading for $0.00008690 per unit. Dogecoin’s contempo bazaar achievement has not been so optimistic as 12-month stats appearance DOGE is bottomward 79.3%.
DOGE absent 21% in 30 days, and 19.9% of that allotment was removed during the accomplished two weeks. Today, the absolute meme-coin abridgement is admired at $14.4 billion and DOGE equates to 60.27% of that value. The blow is active by shiba inu (SHIB) and the countless of meme bread cryptos that were built-in during the accomplished year.
Additionally, DOGE mining acquirement absent added than 76% aftermost year. Out of 15 altered mineable crypto assets, DOGE is the 11th best assisting on the list. DOGE miners accomplished a hashrate best aerial on April 23, 2022, at block acme 4,196,514 back it accomplished 1.34 petahash per additional (PH/s).
Today, the DOGE hashrate is benumbed forth at 362.97 terahash per additional (TH/s), which is a 72.91% bead from the 1.34 PH/s high. Both DOGE mining acquirement and the all-embracing hashrate plummeted a abundant accord during the accomplished two months. While DOGE has been bottomward in amount a abundant deal, it’s not the meme coin’s aboriginal buck market.
DOGE has been through difficult times over the aftermost decade and it will arguably survive best than some of the newer meme bread assets that were created during the aftermost 12 months. The alone added meme bread that comes abutting to DOGE is shiba inu (SHIB) with its $5.15 billion bazaar valuation.
What do you anticipate about DOGE falling in amount during the aftermost year and the hashrate bottomward back April? Let us apperceive what you anticipate about this accountable in the comments area below.
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