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DOGE Daily: Market Goes Green, 'Dogecoin Millionaire' Names 4 Coins That Can See Upside

Published 15/07/2022, 12:26
© Reuters DOGE Daily: Market Goes Green, 'Dogecoin Millionaire' Names 4 Coins That Can See Upside
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Dogecoin (CRYPTO: DOGE) traded 3.1% higher at $0.06 over 24 hours leading up to early Friday morning.

DOGE was seen trading higher along with other major coins as the global cryptocurrency market cap rose 4% to $927 billion.

Dogecoin Price Performance Time-frame % Change (+/-)
24-hour 3.1%
24-hour against Bitcoin -0.4%
24-hour against Ethereum 3.05%
7-day -11.3%
30-day 18.5%
YTD performance

 -63.9%

See Also: Best Crypto Debit Cards

The DOGE Factors

  • DOGE was not among the most-mentioned coins on Twitter (NYSE:TWTR) at press time, according to Cointrendz
  • The 24-hour trading volume for DOGE fell 18.3% to $358.64 million, according to CoinMarketCap
  • Coinglass data indicated that $637,540 worth of DOGE was liquidated over 24 hours as the price of the meme cryptocurrency increased
  • DOGE’s relative strength index was 42.68 at press time. An asset with an RSI of below 30 is considered to be oversold, while one with RSI over 70 is said to be overbought

Weak Dollar Could Help Cryptos The U.S. dollar has continued to get firm amid rising expectations of an upcoming rate hike. However, should the dollar weaken, as indicated by the dollar index, it could help fuel a relief rally for cryptocurrencies, according to Justin Bennett, a currency trader.

DOGE Remains Steadfast, Unwavering Dogecoin Foundation Director Timothy Stebbing tweeted Friday that while Bitcoin “deviated” from the decentralized currency mission to “chase short term gains” DOGE has “been making steady progress towards the original goal.”

Doge On The Web Dogecoin co-creator Billy Markus posted a meme centered around a “dip” in home prices on Thursday.

"Dogecoin millionaire” Glauber Contessoto is bullish, amid the bear market, on what he called “blue chip crypto.” He said his bullishness extends to Bitcoin, Ethereum, Dogecoin and Cardano.

Read Next: Ethereum Shadow Fork 9 Goes Live: What You Need To Know

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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