Dogecoin Struggles as Toncoin Rises Amid Market Downturn

Dogecoin Taken Over By Toncoin Amidst Market Downturn

Unlike other meme coins, Dogecoin has been struggling to make a significant impact on its investors. Elon Musk’s favorite cryptocurrency saw a yearly rise of just 73%, which is bleak when compared to its counterparts. It looks like bearish blues continued to haunt the DOGE market as it was trading at a low of $0.1158. The asset dipped by 5.83% over the last 24 hours, being outperformed by other coins such as Toncoin (TON). Along with its price, Dogecoin saw a massive dip in its market capitalization as well. DOGE’s market value declined by nearly 6% and was at $16.77 billion. Meanwhile, Toncoin saw a surge in the same category to $18.23 billion and took over the meme coin’s spot as the eighth-largest cryptocurrency. DOGE investors are reconsidering their investment choices. But, they might have to gear up for more turbulence ahead.