Can Dogecoin Lead Meme Coins Back To Glory? The Index That Paints A Gloomy Story

The meme coin market has been shedding worth for a lot of the previous yr. According to the Meme Coin Index (MEMECOIN) by MarketVector, which tracks the six largest meme cash by market capitalization, the sector has been in a chronic downturn. The index is down by 22.44% in year-to-date numbers, with a bigger 67.65% decline inside a 365-day timeframe. 

Those numbers spotlight simply how far the sector has fallen. However, present market situations across the industry offer little encouragement that Dogecoin, the unique meme coin, can rapidly reverse sentiment and lead a significant restoration for the meme coin area of interest.

Memecoins Struggling Than Most Cryptos

Meme cash have been hit more durable than most corners of the cryptocurrency market, and the hole in efficiency is becoming increasingly difficult to ignore. Although large-cap belongings like Bitcoin, Ethereum, and XRP are struggling after current pullbacks, information present that meme tokens have been on a protracted stretch of weak point. This persistent underperformance is clearly mirrored within the Meme Coin Index (MEMECOIN) by MarketVector.

The MEMECOIN index is market-cap weighted, which means bigger belongings equivalent to Dogecoin carry extra affect over its motion. As it stands, the meme coin index is at a one-year low of -66.80%, with the info displaying a constant decline of decrease highs and decrease lows since July 2025. Notably, the Meme Coin Index has fallen by 75.81% since its inception on October 31, 2021.

It’s been solely two months into 2026, however the MEMECOIN index is already down 22.44% year-to-date. Such an early decline reveals that merchants and traders are unwilling to spend money on meme cash, which is a adverse precedent for the remainder of the yr.

Can Dogecoin Lead Meme Coins Back To Glory?

As the most important meme coin, Dogecoin has the very best proportion weighting and thus a larger affect on the efficiency of the meme coin index. However, Dogecoin’s worth momentum over current weeks has been nothing to write down dwelling about for bullish traders. 

As it stands, Dogecoin has now lost the 10 cent price level and has been hovering within the ballpark of about $0.093. Nonetheless, a resurgence within the meme coin index relies on Dogecoin on account of its repute because the king of meme cash. 

Dogecoin model recognition is unmatched within the meme coin world, and its presence is steadily growing into spaces outside the crypto trade. Dogecoin, for one, is the one meme coin with Spot ETFs tied to it, though that structural benefit has not translated into sustained bullish worth motion to this point.

If something, Dogecoin’s present trajectory reveals that it isn’t but displaying the type of worth management or market momentum that might single-handedly revive the meme coin area of interest. However, a big a part of this may be attributed to the current sentiment surrounding all the crypto trade.