The meme coin market is well known for being competitive. However, recent market trends have been challenging, with well-known meme coins, including Toncoin (TON) and Dogecoin (DOGE), witnessing a dip in price over the past weeks. Toncoin witnessed a dip in demand, which might have led to its poor performance within the meme coin market, as Dogecoin's price aims to reach the $1 target despite its recent price correction.