• Dogecoin has outperformed Bitcoin and Ethereum by holding on to gains even better than larger counterparts.
• Dogecoin has lost only about 58% of its value in 2021, compared to 65% and 67% for Bitcoin and Ethereum respectively.
• Binance Coin (BNB) and XRP were the only two cryptocurrencies that outperformed Dogecoin in terms of yearly losses, at 53% and 57% respectively.
Dogecoin has once again proven itself to be a force to be reckoned with in the cryptocurrency world. Despite the crypto market suffering numerous implosions that tanked the market further, Dogecoin has managed to hold on to its value better than most other major cryptocurrencies. In 2021, Dogecoin has lost only about 58% of its value, compared to 65% and 67% for Bitcoin and Ethereum respectively. This already puts the meme coin ahead of the two largest cryptocurrencies in the market.
Binance Coin (BNB) and XRP were the only two cryptocurrencies that outperformed Dogecoin in terms of yearly losses, at 53% and 57% respectively. BNB is the best performer out of the top 10, XRP is the second-best performer, and Dogecoin is a close third.
However, Dogecoin has still managed to retain its value better than other coins such as Cardano and Polygon, both of which are the ninth and tenth largest cryptocurrencies in the market. Cardano’s value is down more than 80% while Polygon has recorded declines of approximately 69% this year.
Dogecoin has become popular amongst many investors due to its relatively low price, but also because it has held on to its value better than other major coins. This has made it an attractive option for those looking to invest in the cryptocurrency market, as it has proven itself to be a reliable asset despite the market turbulence.
In general, Dogecoin has been one of the best performers for the year when it comes to the top 10 cryptocurrencies. It has gained more traction in 2021, with the meme coin seeing its value increase significantly. This has led to increased demand from both investors and traders, who have turned to Dogecoin in order to benefit from its reliable performance.
Overall, Dogecoin has emerged as a strong contender in the cryptocurrency market and has proven itself to be one of the most reliable assets in the space. With its increasing popularity and strong performance, Dogecoin is well-positioned to continue to be a top performer in the crypto world.