Dogecoin Rebounds with 21.4% Gain in August

Dogecoin has posted its highest monthly gain in over a year, with a 21.4% increase in August according to onchain data from CryptoRank.

This month's breakout has sparked bullish momentum across the Dogecoin ecosystem, but despite this rally, the meme token is still down around 28% in its year-to-date price performance.

The recent surge saw Dogecoin record a notable return of 21.4% in August, with the price breaking out last week and continuing to climb throughout the month.