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.

尽管比特币和以太坊等货币继续创下年度新高，但狗狗币在去年的表现却很糟糕。在表现不佳的背景下，其他山寨币的市值一直在攀升，挑战狗狗币在市值排名前十的加密货币中的地位。现在，经过一周的停滞不前，狗狗币已经失去了在这份榜单上的位置。

Dogecoin Loses 10th Spot To Tron (TRX)

狗狗币第十名被 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.

贾斯汀·孙 (Justin Sun) 的 Tron 及其原生 TRX 代币在去年一直处于看涨状态。它已从 2023 年低点 0.05 美元上涨近 200%，这导致其市值大幅波动。与此同时，狗狗币的价格未能遵循这一增长路径，而是陷入停滞。

相关阅读：狗狗币鲸鱼从阴影中崛起并收购 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.

狗狗币表现低迷的结果是其市值与其他大盘山寨币的市值相比有所下降。尽管 DOGE 在 2023 年的大部分时间里都能保持第十名的位置，但新的一年却并不那么有利。

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.

在上周价格上涨 5% 后，Tron 的市值突破了 120 亿美元大关。这很快使其领先于仍在市场中苦苦挣扎的狗狗币。 Tron 的市值目前为 122.5 亿美元，而狗狗币的市值为 119.8 亿美元。

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

DOGE 价格为 0.084 美元 |资料来源：Tradingview.com 上的 DOGEUSD

Meme Coins Fail To Impress

Meme 硬币未能给人留下深刻印象

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.

狗狗币等模因币在过去几个月中并没有出现最好的表现。许多山寨币已经复苏并上涨了 50%，而模因币却未能遵循同样的趋势。例如，DOGE 仅上周就下跌了 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 币，市值第二大的加密货币 Shiba Inu 也遵循同样的趋势，仅上周就下跌了 4.7%。同样，基于 Solana 的 BONK 在过去 7 天内也下跌了 14%。

相关阅读：可以像世界币（WLD）一样拉动运行的前三名人工智能山寨币

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，随着其非链活动的增加，DOGE 的日子可能会更好。 2月份，meme币的交易量呈爆炸式增长，每天的交易量超过100万笔。

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.

每日交易数量的激增表明人们对模因币的兴趣日益浓厚。如果这种兴趣继续上升，可能会转化为对代币的购买压力，从而导致 DOGE 价格飙升。

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