DOGS Token Price Tanks 36% in 30 Days Despite Broader Crypto Rally

• DOGS has nosedived 36% in the past 30 days. 
• Rival meme coins have outperformed DOGS with double-digit gains.
• DOGS has achieved a market cap of $429 million since its debut in August.

DOGS (DOGS), a community-driven meme coin initiative on Telegram-backed The Open Network (TON), has tanked 36% in the past 30 days, despite the broader recovery of the digital asset sector, with Bitcoin (BTC) reaching the $66,000 price level just a few days ago.

CoinMarketCap data shows DOGS hit a 30-day high of $0.001292 and has recovered from the 30-day low of $0.0008095. The all-time high of DOGS is $0.001644, seen in late August, and the meme coin is down 49.14% from its ATH.

At the time of writing, the TON-based meme coin is trading at $0.0008331, down 1.25% in the past 24 hours. Since its debut in late August this year, DOGS has nosedived 47.81% but has successfully achieved a market capitalization of $429 million. The altcoin’s trading volume also plunged 8.05%.

DOGS Underperforms Compared to Other Meme Coins

DOGS is the 12th-largest meme coin by market cap and has lagged behind its rivals, including Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF), in the past fe…

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