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Dogecoin's struggles contrast with rising new memecoins

Dogecoin (DOGE), a cryptocurrency based on a popular internet meme, faced a challenging year in 2023.

Despite its popularity, boosted by Elon Musk’s endorsement, and the appeal of its Shiba Inu mascot, DOGE struggled to gain momentum.

Instead, newer meme-based cryptocurrencies, such as Pepe and Bonk, reportedly delivered impressive returns.

Now, potential investors are shifting their attention to Sponge V2, a new meme coin that is gaining ground and showing potential for explosive growth.