Meme Token King Dogecoin has lost 91% of its value since rising last year, and mining revenues from DOGE have fallen

After last year's high profile, 2022 was not very nice with the best Dogcoin meme coin.

 Currently, Dogquin lost, The father of the Mimi currency economy, 91% of the value since the all-time high of the cryptocurrency asset.

 Despite the decrease, it is still Dogcoin is one of the top ten competitors among today's biggest digital currency market ratings.

The Dogecoin Dog Days- Meme Token King Cast Great Value

Fans of Dogecoin were watching the biggest value of meme currency assets drop week by week.

Although it remains in the top 10 of cryptocurrencies, Doug Quinn (DOGE) has lost much of its value since its all-time high on May 8, 2021. More than a year ago today, DOGE exchanged hands for $0.739 per unit and today 24-hour price range for DOGE ranges from $0.064 to $0.072 per currency.

On Sunday, June 12, 2022, DOGE's global trade reached $567 million in the past 24 hours.

Dogecoin's market value today stands at $8.68 billion, equivalent to 0.755% of the $1.15 trillion crypto economy. While DOGE is the tenth largest market value, it is lower than solana (SOL) and slightly higher than polkadot (DOT) in terms of market positions.

1. While 91% of its all-time high is very important
2. DOGE is still up 75.260% since the asset's all-time low of 6 May 2015.
3. At that time, seven years ago today, DOGE was trading for 0.00008690 USD per unit.

Dogecoin's recent market performance was not too optimistic as 12 months' statistics showed that DOGE fell 79.3%.

DOGE lost 21% in 30 days

19.9% of this percentage has been removed over the past two weeks. Today, the entire meme-coin economy is valued at $14.4 billion and DOGE equals 60.27% of that value. The rest is occupied by shiba inu (SHIB) and countless meme cryptocurrencies that were born over the past year.

In addition, DOGE Mining lost more than 76% revenue last year.

 Of the 15 different mining encrypted assets :

DOGE ranks 11th in terms of profits on the list. DOGE miners reached the highest ever retail rate on April 23, 2022, at a height of 4,196,514 when they reached 1.34 bitahash per second (PH/s).

• Today, the fragmentation of DOGE falls along 362.97 terahash per second (TH/s), a decrease of 72.91% from 1.34 PH/s.

• DOGE mining revenues and total retail rate have declined significantly over the past two months. 

• Despite the low value DOGE significantly, but it is not the first bear market for meme coin.

DOGE has had difficult times over the past decade, arguably living longer than some of the newest meme currency assets created over the last 12 months. The only other meme currency approaching DOGE is shiba inu (SHIB) with a market valuation of $5.15 billion.