Dogecoin has seen abysmal performance in the last year, even while the likes of Bitcoin and Ethereum went on to hit new yearly highs. On the back of this poor performance, other altcoins have been creeping up in their market cap to challenge Dogecoin’s position in the top 10 cryptocurrencies by market cap list. And now, after another week of stalling behind the market, Dogecoin has lost its position on this list.

儘管比特幣和以太幣等貨幣繼續創下年度新高，但狗狗幣在去年的表現卻很糟糕。在表現不佳的背景下，其他山寨幣的市值一直在攀升，挑戰狗狗幣在市值排名前十的加密貨幣中的地位。現在，經過一周的停滯不前，狗狗幣已經失去了在這份榜單上的位置。

Dogecoin Loses 10th Spot To Tron (TRX)

狗狗幣第十名被 Tron (TRX) 取代

Justin Sun’s Tron and its native TRX token have been on a bullish run over the last year. It has risen almost 200% from its 2023 lows of $0.05, and this has sent its market cap rocking. At the same time, the Dogecoin price has failed to follow this growth path, and has instead stalled.

賈斯汀·孫 (Justin Sun) 的 Tron 及其原生 TRX 代幣在去年一直處於看漲狀態。它已從 2023 年低點 0.05 美元上漲近 200%，這導致其市值大幅波動。同時，狗狗幣的價格未能遵循這條成長路徑，而是陷入停滯。

相關閱讀：狗狗幣鯨魚從陰影崛起並收購 DOGE

The result of Dogecoin’s sluggish performance is a decrease in its market cap compared to the market cap of other large cap altcoins. While DOGE was able to hold the 10th position for the better part of 2023, the new year has not been as favorable.

狗狗幣表現低迷的結果是其市值與其他大盤山寨幣的市值相比有所下降。儘管 DOGE 在 2023 年的大部分時間裡都能保持第十名的位置，但新的一年卻不那麼有利。

Tron’s market cap crossed the $12 billion threshold after a 5% increase in the price over the last week. This quickly put it ahead of Dogecoin, which continues to struggle in the market. Tron’s market cap is currently sitting at $12.25 billion, while Dogecoin has an $11.98 billion market cap.

在上週價格上漲 5% 後，Tron 的市值突破了 120 億美元大關。這很快使其領先於仍在市場中苦苦掙扎的狗狗幣。 Tron 的市值目前為 122.5 億美元，而狗狗幣的市值為 119.8 億美元。

DOGE price at $0.084 | Source: DOGEUSD on Tradingview.com

DOGE 售價為 0.084 美元 |資料來源：Tradingview.com 上的 DOGEUSD

Meme Coins Fail To Impress

Meme 硬幣未能給人留下深刻印象

Meme coins such as Dogecoin have not seen the best performance in the last few months. Where a lot of altcoins have been recovering and doing 50% rallies, meme coins have failed to follow the same trend. DOGE, for one, is down 3.6% in the last week alone.

狗狗幣等迷因幣在過去幾個月中並沒有出現最好的表現。許多山寨幣已經復甦並上漲了 50%，而模因幣卻未能遵循同樣的趨勢。例如，DOGE 光是上週就下跌了 3.6%。

Moving on to other meme coins, Shiba Inu, the second-largest cryptocurrency by market cap, has followed the same trend, falling 4.7% in the last week alone. In the same vein, Solana-based BONK is down 14% in the last seven days as well.

看看其他 meme 幣，市值第二大的加密貨幣 Shiba Inu 也遵循同樣的趨勢，光是上週就下跌了 4.7%。同樣，基於 Solana 的 BONK 在過去 7 天內也下跌了 14%。

相關閱讀：可以像世界幣（WLD）一樣拉動運行的前三名人工智慧山寨幣

However, DOGE could be headed for better days as there has been an uptick in its unchain activity. In the month of February, the meme coin’s transaction count has exploded, with more than 1 million transactions carried out daily.

然而，隨著其非鏈活動的增加，DOGE 的日子可能會更好。 2月份，meme幣的交易量呈現爆炸性成長，每天的交易量超過100萬筆。

This surge in the daily transaction count suggests a growing interest in the meme coin. If this interest continues to rise, it could translate to buy pressure on the coin, thereby leading to a surge in the DOGE price as a result.

每日交易數量的激增表明人們對模因幣的興趣日益濃厚。如果這種興趣繼續上升，可能會轉化為對代幣的購買壓力，從而導致 DOGE 價格飆升。

在 X（以前稱為 Twitter）上關注 Best Owie，了解市場見解、更新以及偶爾有趣的推文…精選圖片來自 Watcher Guru，圖表來自 TradingView.com