Dogecoin is down 67% against ATH, but it still outperforms Bitcoin

Dogecoin (DOGE) hit an all-time high (ATH) two months ago at $ 0.737. Currently it’s down 67% since ATH and more than 30% in a month as community interest wanes.

People aren’t looking forward to Dogecoin as much as they used to be

Worldwide interest in DOGE is declining, as searches for the keyword “Dogecoin” on Google Trends have fallen by 79% from 100 points in the second week of May to 21 points this week.

Search volume for the keyword “Dogecoin” on Google | Source: Google Trends

The global search for the keyword “DOGE” also shows similar results, and interest seems to be falling across the board. The USA, Turkey, Canada, Singapore and the Netherlands are among the countries that most frequently search for the term “Dogecoin” on Google today.

The DOGE price has fallen significantly in the last month and over the course of the week. It is currently trading at $ 0.24, down more than 16% in 7 days and down 30% in 30 days.

Dogecoin price table | Source: Tradingview

Dogecoin’s market cap was enormous when it pegged ATH and made up no small part of Bitcoin’s dominance. Today, Dogecoin’s market capitalization is around $ 31 billion and its trading volume is around $ 6.4 billion.

The most common coin exchanged for Dogecoin today is Tether (USDT), which makes up 73%. It is followed by Bitcoin (6.29%), Dollar (6.23%), BUSD (4.85%) and Turkish Lira (TRY) with 3.79%.

Dogecoin is still up 9.739% in 12 months

According to several reports, Elon Musk’s recent “Bitcoin maxis” tweet drove the Dogecoin price up. Musk didn’t tweet about it, however, not as much as he did before he appeared on Saturday Night Live (SNL).

Despite a 67% decline from the ATH price, DOGE still has opportunities to make long-term profits. It is still up 335% against the dollar over the past three months and by 661% against Bitcoin over the same period. The 12-month statistic against the dollar shows that DOGE is still up 9.739%.

Top coins like Bitcoin and Ether haven’t seen the positives in the 12 months that DOGE has seen. Despite the 67% drop in ATH price, some owners have certainly made a significant profit.

You can see details about the Dogecoin price.

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According to News.Bitcoin

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