Dogecoin (CRYPTO: DOGE) fell 4.5% to $0.085 over 24 hours leading up to early Thursday morning.
DOGE tracked losses in major coins as the global cryptocurrency market cap declined 3.8% to $1.2 trillion at press time.
24-hour | -4.5% |
24-hour against Bitcoin | -2.2% |
24-hour against Ethereum | -0.6% |
7-day | 12.7% |
30-day | -39.6% |
YTD performance | -51.1% |
The DOGE Factors
- DOGE was not among the most mentioned coins on Twitter (NYSE:TWTR) at press time, according to Cointrendz data.
- The 24-hour trading volume for DOGE rose 17.4% to $629.4 million, according to CoinMarketCap.
- Coinglass data indicated that $2.78 million worth of DOGE was liquidated in 24 hours at press time as the price of the meme coin declined.
Could Doge Rally By Double Digits? DOGE’s trading volume has been rising, which could be an indicator of interest returning to the meme coin, wrote Benzinga’s Melanie Schaffer. If the cryptocurrency trades lower on Thursday, its relative strength index or RSI could enter oversold territory. When that happened on May 12, the coin rallied 16% the following day.
DOGE’s press time RSI is hovering at 33.6, according to Trading View data.
Jeff Bezos Heaps Praise On Dogecoin Creator Amazon.com, Inc (NASDAQ: NASDAQ:AMZN) Chair Jeff Bezos praised DOGE co-creator Billy Markus on Wednesday. Bezos said even though Markus refers to himself as a “sh*tposter,” he is mostly a “wiseposter.”
DOGE On The Web Markus asked his following if they can hit up McLaren Formule One as the DOGE community has a McLaren car and “some kind of mutually beneficial arrangement would be much amuse to me.”
any of my followers have any contacts in @McLarenF1? the doge community has a doge mclaren car @dogeclaren and some kind of mutually beneficial arrangement would be much amuse to me.Read Next: South Korea's 'Grim Reaper' Task Force To Investigate Terra (LUNA) Collapseam also a big fan of @LandoNorris ~ pic.twitter.com/mS8EU6gyca
— Shibetoshi Nakamoto (@BillyM2k) May 19, 2022
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