Dogecoin (CRYPTO: DOGE) traded 2.13% lower at $0.16 over 24 hours leading up to early Monday morning.<\/p>\n
Whats Moving? The meme cryptocurrency has fallen 0.83% over a seven-day trailing period.<\/p>\n
Against major cryptocurrencies, Bitcoin and Ethereum, DOGE fell 1.55% and 0.18% over 24 hours, respectively.<\/p>\n
Since the year began, DOGE has shot up 2804.75%. It has fallen 29.99% over a 90-day period and lost 35.68% of its value in the last 30 days.<\/p>\n
DOGE touched an all-time high of $0.74 in May. At press time, it traded 77.63% below that level.<\/p>\n
See Also: How To Buy Dogecoin (DOGE)<\/p>\n
Why Is It Moving? DOGE traded lower in tandem with other major coins as the global cryptocurrency market capitalization fell 0.91% to $2.24 trillion.<\/p>\n
DOGE was included in the list of Top 10 Mentions on Twitter compiled by Cointrendz at press time. It attracted 1,492 tweets.<\/p>\n
The top three mentioned coins were Bitcoin, Solana, and Ethereum. They attracted 8,356, 4,236, and 3,719 tweets respectively.<\/p>\n
Some cryptocurrency analysts are calling a Bitcoin bottom even though concerns surrounding Omicron, the latest variant of COVID-19, persist.<\/p>\n
The key support level for DOGE is 16 cents, while it faces resistance above at 19 cent and 21 cent levels, wrote Benzingas Melanie Schaffer.<\/p>\n
Dogecoin-focused Twitter handle Mishaboar said on Twitter that the main concern surrounding the meme coin was the low number of transactions conducted rather than the price action.<\/p>\n
Mishaboars tweets caught the attention of Dogecoin core developer Ross Nicoll who said that if the concern regarding empty blocks would go away that would be nice.<\/p>\n
Meanwhile, Dogecoin bull and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk indicated support for a Cybertruck electric vehicle featuring a DOGE logo over the weekend.<\/p>\n
On Sunday, Musk agreed with Dogecoin co-creator Billy Markus on Twitter that Dogs are Awesome.<\/p>\n
Read Next: EXCLUSIVE: Dogecoin Millionaire Is Now A Floki Inu Viking: Here's Why He Loves FLOKI!<\/p>\n<\/p>\n
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Elon Musk Tweets About Dogecoin But Meme Coin's Price Refuses To Budge: What's Going On? - Benzinga - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Dogecoin (CRYPTO: DOGE) traded 2.13% lower at $0.16 over 24 hours leading up to early Monday morning. Continue reading