After a prominent rise last year, 2022 has not been too kind to the king of meme coin assets. dogecoin DOGE
Meme Token King Dogecoin Lost 91% in Value Since Last Year's High, DOGE Mining Revenue Plummets
While 91% down from the all-time high is pretty significant, DOGE is still up a whopping 75,260% since the asset’s all-time low on May 6, 2015. At that time, seven years ago today, DOGE was trading for $0.00008690 per unit. Dogecoin’s recent market performance has not been so optimistic as 12-month stats show DOGE is down 79.3%.
Additionally, DOGE mining revenue lost more than 76% last year. Out of 15 different mineable crypto assets, DOGE is the 11th most profitable on the list. DOGE miners reached a hashrate all-time high on April 23, 2022, at block height 4,196,514 when it reached 1.34 petahash per second .