DOGE Up 4%: Where Does It Stand in the Meme Coin Warfare?
The digital currency ecosystem has been dominated by meme coins this year, with Dogecoin retaining its top spot as the first meme coin in existence. While new rival meme coins such as PEPE, Milady Meme Coin (LADYS) and Floki have generated buzz, older and more established meme coins like Dogecoin and Shiba Inu are being overshadowed. However, both Dogecoin and Shiba Inu have maintained their relevance and stability. Dogecoin’s price is currently trading at $0.07369, up 4% over the week, and the digital currency is still ranked as the eighth largest cryptocurrency with a market capitalization of $10.2 billion. Investors are not liquidating Dogecoin to acquire other meme coins, and while newer tokens have high growth potential, DOGE and SHIB are using their stability to fend off new rivals. Overall, while newer meme coins may be generating hype, Dogecoin continues to maintain its grit and relevance in the industry.