Dogecoin (DOGE), the king of meme coins, has stunned the cryptocurrency community with its strong performance against notable altcoins like Ethereum (ETH) and Solana (SOL). The meme coin has experienced a significant price increase over the last 12 months.
According to CoinMarketCap data, in the last 12 months, DOGE has recorded 26.62% price growth. This signals sustained progress in the previous 365 days for the dog-themed meme coin. Dogecoin is currently trading at a market price of $0.1589.
Compared to other altcoins, the only one with an exchange-traded fund (ETF), Ethereum, has not been able to sustain such growth. Within the last 12 months, the price of ETH has experienced significant losses. ETH has declined by a massive 29.94% amid price fluctuations and sustained sell-offs by retail investors.
Ethereum, as of press time, is valued at $2,422.68, which is far from the psychological $3,000 level. Ethereum reached the $3,000 level within the last 365 days, between November 2024 and January 2025.
However, the asset has been unable to sustain the momentum, leading Dogecoin to flip it in terms of price growth.
Similarly, Solana (SOL) has dipped slightly by 3.9%. SOL currently trades at $141.89 after it crashed from the $200 price zone following intense volatility amid investors’ pullback.
On the broader crypto market, Dogecoin recently bounced back from a major death cross after the meme coin dropped to test the $0.1350 support level. It was able to post a reversal in a move that stunned investors in the ecosystem.
The development highlights the unpredictability of the cryptocurrency market, as many traders had anticipated that Dogecoin would follow historical patterns.
The positive reversal boosted the confidence of investors as seen with a significant surge in open interest recently. Notably, traders committed $1.80 billion in fiat currency to the meme coin. Such a show of confidence might have supported Dogecoin’s bullish performance against Ethereum and Solana in the last year.
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