Dogecoin DOGE/USD traded 1% lower over 24 hours at $0.1395 in the early hours of Tuesday morning as a key rival cryptocurrency saw a bullish signal.
DOGE was volatile at press time along with major coins as the global cryptocurrency market cap declined 0.3% to $1.87 trillion.
Time-frame | % Change (+/-) |
---|---|
24-hour | -1% |
24-hour against Bitcoin | 1.26% |
24-hour against Ethereum | -0.79% |
7-day | -11.97% |
30-day | 22.9% |
YTD performance |
-19% |
See Also: Best Crypto Debit Cards
The Doge Factors
- Rival meme coin Shiba Inu SHIB/USD was listed on Robinhood alongside three other cryptocurrencies early Tuesday. SHIB traded 16.5% higher at the time of writing.
- DOGE was among the most mentioned coins at press time, according to Cointrendz data. The three most mentioned coins were Bitcoin, Polygon, and XRP.
- The 24-hour trading volume for DOGE fell 29% to $1.3 billion at press time, according to CoinMarketCap data.
- Coinglass data showed that $7 million worth of DOGE futures were liquidated in the past 24 hours as the meme cryptocurrency fell in value.
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Mr. Beast Owns Meme Phone Number
YouTuber Mr. Beast said on Twitter that he owns the phone number 69-420. Both numbers are often tweeted about by Tesla Inc TSLA CEO and DOGE bull Elon Musk. While 69 has sexual connotations, 420 is associated with cannabis culture.
Dogecoin On The Web
Dogecoin co-creator Billy Markus advanced two reasons why cryptocurrencies are crashing currently. He said it could be due to the fact that people are “doing taxes” and the IRS only takes fiat or because of the usual reason: i don’t know (idk).
The Dogecoin Foundation shared a blog post by the developers of RadioDoge project which uses cheaply and widely available radio technology combined with Starlink satellite network to enable wide scale access to Dogecoin network for people outside the traditional internet infrastructure.
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