Dogecoin’s place in the crypto market is a bit like Bitcoin’s. Just as the rise and fall of the ‘digital gold’ gives investors and market participants a good sense of where the broader crypto market could be headed, Dogecoin’s price movements are also closely watched for the same reason.

After all, DOGE was the first major meme coin. To really understand its dominance, consider the difference in market capitalizations.

Dogecoin, at number one, commands over $35B , while Shiba Inu, the second-largest meme coin, trails far behind with just $7B – a whopping 5x difference.

Although Dogecoin has largely been in an uptrend since October 2023 , those rallies haven’t been as one-sided as we’re used to seeing with this dog-themed crypto.

That might be about to change, though, as the token h

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