Dogecoin DOGE/USD traded 1.5% lower at $0.15 over 24 hours leading up to early Monday morning.
DOGE fell alongside other major coins as the global cryptocurrency market cap fell 2% to $1.9 trillion at press time.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | -1.5% |
| 24-hour against Bitcoin | -0.45% |
| 24-hour against Ethereum | 0.6% |
| 7-day | 0.8% |
| 30-day | 25.1% |
|
YTD performance |
0.9% |
See Also: How To Buy Dogecoin (DOGE)
The Doge Factors
DOGE was among the most mentioned coins on Twitter. It attracted 411 tweets, according to Cointrendz data. The three most mentioned coins were Bitcoin, Ethereum, and XRP.
The 24-hour trading volume for DOGE rose 100% to $1.82 billion at press time, according to CoinMarketCap.
Coinglass data indicated that $5.23 million worth of DOGE futures were liquidated in the past 24 hours as the meme cryptocurrency saw volatility.
DOGE Resistance And Support Zones
A technical breakout launched DOGE on a four-hour uptrend earlier on the weekend. According to Benzinga’s Melanie Schaffer, the meme coin has resistance above at the 16 cent mark and $0.176 and support below at $0.146 and $0.135 levels.
Dogecoin Payment Option For Twitter
Tesla Inc TSLA CEO and DOGE-bull Elon Musk, who is a major stakeholder in Twitter Inc TWTR suggested changes to the subscriber terms for the social media network’s Blue service. The entrepreneur said, “Maybe even an option to pay in Doge?”
DOGE In The News And On The Web
Coinbase Global Inc COIN has suspended the option to buy DOGE and other cryptocurrencies using UPI in India.
Dogecoin co-creator Billy Markus said that Musk talking about adding options to pay for “twitter things” in DOGE was “good for dogecoin.”
the largest shareholder of twitter is talking about adding options to pay for twitter things in dogecoin
— Shibetoshi Nakamoto (@BillyM2k) April 10, 2022
this is good for dogecoin pic.twitter.com/WLUFXw2rv7
Dogecoin core developer Michi Lumin showcased a radiodoge backhaul prototype in a Twitter thread on Sunday. The developer said the prototype involved a “wire antenna and a tree.” She said that a 150 mile connect to the Starlink node over the radio worked. Notably, Starlink is a service offered by Musk’s SpaceX company.
I am super worn out, Went out to get radiodoge backhaul prototype up, goal of "1 person 48 hours with a wire antenna and a tree" (tower in my case) was a bit too ambitious. I hurt when I walk and slept 12 hours today. But 150 mile connect to the starlink node over radio worked.
— Michi Lumin (@michilumin) April 11, 2022
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
