Dogecoin (CRYPTO: DOGE) traded 2.1% higher at $0.09 over 24 hours leading up to early Monday.
DOGE saw a moderate spike alongside other major coins but traded below the psychologically important 10-cent mark as the global cryptocurrency market cap rose 3.1% to $1.3 trillion.
24-hour | 2.1% |
24-hour against Bitcoin | -1.15% |
24-hour against Ethereum | -1.4% |
7-day | -2.8% |
30-day | -36% |
YTD performance | -50.2% |
The DOGE Factors
- DOGE was among the most mentioned cryptocurrencies on Twitter (NYSE:TWTR) at press time, according to Cointrendz data. The three most mentioned coins were Terra, Bitcoin, and Solana
- Dogecoin’s 24-hour trading volume rose 21.7% to $386.95 million at press time, according to CoinMarketCap.
- Coinglass data indicated that $664,580 worth of DOGE was liquidated over 24 hours as the price of the meme coin rose.
Tesla Files Plans For Hollywood DOGE Supercharger Tesla Inc (NASDAQ: TSLA) has filed plans for a Hollywood supercharger, according to a report from Sunday. The location will also have a diner and a drive-in theater.
Tesla CEO Elon Musk had tweeted in February that Dogecoin could be accepted at that location.
Doge On The Web Dogecoin co-creator Billy Markus tweeted that “smart, sustainable” growth is better than “crazy unsustainable hype” on Sunday.
smart, sustainable growth is better than crazy unsustainable hype— Shibetoshi Nakamoto (@BillyM2k) May 22, 2022
people lining up to exit is what unsustainable hype brings— Shibetoshi Nakamoto (@BillyM2k) May 22, 2022
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga