Dogecoin Continues To Whimper Even As Elon Musk Hits Key (Ahem) Twitter Milestone – Dogecoin – United States Dollar ($DOGE)

Dogecoin (CRYPTO: DOGE) is down 7.8% at $0.16 in the 24 hours to early Thursday morning.

What is moving? The meme cryptocurrency is down 8% over a seven-day tracking period.

DOGE stock traded 0.9% against Bitcoin (BTC) over 24 hours and rose against 1.23% Ethereum (ETH) in the same period.

The 12th cryptocurrency by market capitalization has fallen 12.3% over the past 30 days. It’s down 36.1% in a 90-day period. Since the beginning of 2022, DOGE has lost 9.9% of its value.

DOGE touched an all-time high of $0.74 in May 2021.

See also: How to buy Dogecoin (DOGE)

Why are you moving? DOGE is down sharply along with other major currencies at the time of writing, as the global cryptocurrency market cap is down 8.25% to $2 trillion.

DOGE was among the “Top 10 Signals” on Twitter’s list maintained by Cointrendz. At the time of publication, it had attracted 1,559 tweets.

The three most mentioned coins on the list are Bitcoin, Ethereum, and Solana. It attracted 15,126, 6185 and 2492 tweets, respectively.

Major altcoins, including BTC and DOGE, fell Wednesday night, minutes after their December release Federal Open Market Committee The meeting indicated that a rate hike could come sooner than expected.

bull dog and Tesla Corporation (NASDAQ: TSLA) Chief Executive Officer Elon Musk Touched 69 million followers on Twitter. Musk appears to have spread the word “Latifah” in appreciation of the event.

Musk is known to refer to 69 and 420 in his tweets. The number 69 has sexual connotations while 420 is associated with cannabis culture.

DOGE will have to jump above the $0.176 mark to nullify the lower wick to confirm the downside, according to Melanie Schaffer of Benzinga.

read the following: Elon Musk’s name used with the verified Twitter profile of the hacked Indonesian consulate to deceive unsuspecting Bitcoin users