What's Going On With Dogecoin Today?

Dogecoin DOGE/USD traded 1% lower over 24 hours at $0.298 early Friday.

What’s Moving? The Shiba Inu-themed cryptocurrency was up 8.35% over a seven-day trailing period at press time.

DOGE traded 1.3% and 6.4% lower against Bitcoin BTC/USD and Ethereum ETH/USD, respectively.

Since the year began, DOGE has skyrocketed 5,084.57%.

See Also: How To Buy Dogecoin (DOGE)

Why Is It Moving? At press time, DOGE was the fifth highest-trending cryptocurrency on Twitter, as per Cointrendz data, seeing lower interest than  Solana SOL/USD and Cardano ADA/USD.

DOGE moved in tandem with major cryptocurrencies that traded in the red at press time with the exception of ETH as the global cryptocurrency market cap rose 0.56% to $2.24 trillion.

DOGE is no longer the seventh-largest cryptocurrency by market capitalization, as Solana shot past the meme coin to take the spot.

An announcement by AppSwarm Inc SWRM that it planned to deploy and host DOGE nodes at its TulsaLabs facilities caused the company’s shares to spike 77.6% in Thursday’s trading session.

Meanwhile, Ethereum co-founder Vitalik Buterin has called on Dogecoin to adopt the proof of stake consensus mechanism.

See Also: Reese Witherspoon Buys Into Ethereum And Gets A Taste Of Crypto Twitter With Bitcoin, Dogecoin Backers Sending In Pitches