Dogecoin (CRYPTO: DOGE) traded 6% higher at $0.14 over 24 hours leading up to Monday morning.
DOGE surged even as other major coins traded deep in the red with the global cryptocurrency market down 2.9% to $1.8 trillion.
| 24-hour | 6% |
| 24-hour against Bitcoin | 8.19% |
| 24-hour against Ethereum | 8.9% |
| 7-day | 3.45% |
| 30-day | 6.2% |
| YTD performance | -18.5% |
The Doge Factors
- The spike in Dogecoin was observed following reports that said an agreement for the sale of Twitter Inc . (NYSE: NYSE:TWTR) to Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk could be reached today.
- DOGE was among the most mentioned coins on Twitter. The three most mentioned coins were Bitcoin, XRP, and Ethereum.
- The 24-hour trading volume for DOGE rose 393% to $1.68 billion at press time, according to data from CoinMarketCap.
- Data from Coinglass showed that $10.18 million worth of DOGE futures were liquidated in the preceding 24 hours as the meme cryptocurrency saw volatility.
Doge Looks Awful Another cryptocurrency trader Justin Bennett said that Dogecoin “looks awful.” Pointing to the memecoin’s chart on Sunday, he said that 0.11 is the first stop if DOGE fails to hold on to the 0.133 level on a daily closing basis.
$DOGE looks awful.No Need For Ethereum Bridge, Says Musk On Sunday, Dogecoin co-creator Billy Markus laid out three steps to add utility to the cryptocurrency — wider adoption by the business community, making DOGE an option for tips, and bridging DOGE with Ethereum. Musk tweeted that the last step isn’t needed.0.11 is the first stop if it losses 0.133 on a daily closing basis. #Dogecoin pic.twitter.com/9JdgWAj2dm
— Justin Bennett (@JustinBennettFX) April 24, 2022
DOGE On The Web Markus said on Sunday that if Dogecoin was a man he would be the actor Idris Elba, best known for his work in the TV series “The Wire and Luther.”
if dogecoin was a man he would be @idriselbaRead Next: Elon Musk's Purchase Of Twitter Could Be Finalized This Week: WSJ— Shibetoshi Nakamoto (@BillyM2k) April 25, 2022
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