Dogecoin’s dominance has been slowly waning as the battle for the meme coin throne is getting more and more intense. Investors are on the lookout for new, fresh projects that can yield the same price multiplier which made Dogecoin’s rise legendary. 

Two such projects have been steadily gaining traction during their ongoing presales. BlockDAG, and Cutoshi, a meme-centric ecosystem that could become one of the best plays of the 2024-2025 run. 

Will Dogecoin Keep Its Meme Crown?

Opinions about Dogecoin’s future have been quite conflicting. On one hand, Dogecoin continues to be the undisputed leader of its niche with a massive $17.8 billion marketcap. On the other hand, analysts believe that Dogecoin’s sheer size could bar it from reaching higher price targets, as competition in the space is ramping up.

At press time, Dogecoin sells for $0.12 with a 3.3% intraday decrease. The Dogecoin volume has also taken an 18% hit with about $1.68 billion worth of DOGE traded in the last 24 hours. Dogecoin is still struggling to hold the current price point after months of ranging around the $0.10 mark. The next big resistance level for Dogecoin is $0.20, but analysts don’t believe that the momentum is there, at least for now.