Are Tesla Rumors Continuing To Keep Dogecoin Buoyant? – Dogecoin – United States Dollar ($DOGE)

Dogecoin (CRYPTO: DOGE) is up 6.16% at $0.15 in 24 hours, as of early Wednesday morning.

What is moving? The DOGE fell 9.8% over a subsequent seven-day period.

against larger peers Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:ETH), DOGE is up 4.2% and 1.45% over the 24-hour period.

Over the past 30 days, DOGE has fallen by 7.55%, while its value has decreased by 35.8% over a 90-day period.

Since the start of 2022, the DOGE rate has declined by 11.6%. It touched an all-time high of $0.74 in May.

See also: How to buy Dogecoin (DOGE)

Why are you moving? DOGE is up along with other major currencies at the time of writing, as the global cryptocurrency market cap is up 2.5% to $2 trillion.

DOGE is listed in the “Top 10 Twitter mentions compiled by Cointrendz. It has attracted 2,194 tweets at press time.

The three most mentioned coins on the list are Bitcoin, Ethereum, and Elrond. It attracted 10856, 4523, 2813 tweets respectively.

The hashtag “DogecoinToTheMoon” also spread on social media platforms.

On Tuesday, DOGE surged as unconfirmed reports emerged on Twitter that Tesla Corporation (NASDAQ: TSLA) has been preparing to accept the crypto-currency meme.

Earlier last month, Tesla CEO Elon Musk He said the company would “make some items purchasable with Doge to see how it goes.” Musk gave no timetable on when such payments might be possible or if people could buy cars with DOGE.

Twitter handle geared towards Doge”friendlyRetweeted a screenshot of an example where the DOGE reference appears to be on the Tesla website.

“Looks like someone at Tesla is testing things out again. Or send us a message.

On Tuesday, the US Federal Reserve Chairman Jerome Powell He said in his assertion session that the era of low interest rates is likely to continue.

OANDA Senior Market Analyst Edward Moya He noted that the “path to inflation” could lead to “faster rate hikes” which could be “bearish in the short term for risky assets like cryptocurrencies.”

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