Dogecoin, long-term decline stops...Outperforms Bitcoin in April

▲ Dogecoin(DOGE)/ChatGPT Generated Image

Dogecoin (DOGE) has broken its long-term downtrend that began in 2026, achieving double-digit returns in April. Simultaneously, it demonstrated the strongest rebound momentum among major cryptocurrencies.

Crypto news outlet U.Today reported, citing data from crypto data analysis platform CryptoRank, that Dogecoin recorded a 15.6% return in April. This marks Dogecoin's highest monthly return since 2026 and its best performance in the past eight months. Investor sentiment, which had been depressed due to extreme market volatility, is now recovering following this rally.

Dogecoin had been in a slump, recording consecutive losses: a 11.3% decline in January, 9.62% in February, and 2.02% in March this year. However, the 15.6% gain in April is attracting market attention as it marks the first positive monthly close this year. The recovery of its price, making up for the losses at the beginning of the year, is fueling strong optimism among investors for further price increases in the future.

Notably, Dogecoin showed its strength by surpassing the gains of both Bitcoin (BTC) and XRP during the same period. In April, Bitcoin rose by 12%, while XRP recorded only a 2.13% return. With higher returns than major cryptocurrencies, market participants' interest is rapidly shifting towards meme coins like Dogecoin.

Through this rally, Dogecoin successfully eliminated a zero from its price, now trading around $0.1081. Not only individual investors' buying interest but also institutional investors' attention has increased again, leading to a concurrent rise in trading volume. Market confidence in Dogecoin is growing, with dip-buying inflows during every price correction phase.

Dogecoin's performance in April once again confirmed the strong resilience of meme coins in a volatile market environment. With price recovery and the establishment of new support levels, there is a possibility of further price surges depending on future supply and demand changes in the market. Investors are closely watching whether the current positive trend will lead to a long-term trend reversal.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*