Research shows that Dogecoin (
When it comes to year-long price performance amid the 2022 bear market, DOGE held up much better than most of the top assets on the crypto market.
The memecoin emerged as the third-best performer in the top 10 list after XRP (XRP) and BNB (BNB). DOGE also outperformed its biggest competitor, Shiba Inu (SHIB), with the SHIB community focusing on building a layer-2 network and developing metaverse and blockchain games.