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

27 Jun, 2024 Updated 10 Jun, 2025

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Dogecoin Core To Get Major Security Update, Here's All

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. Crypto holders remain positive about a change of fortunes on the back of favorable macro factors.

Also Read: 3 Altcoins To Sell This Week as Market Fluctuates

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.