Dogecoin May Be Down Today But 1 Popular Backer Says It Could Rise Higher Again Just Like NFTs – Dogecoin – United States Dollar ($DOGE)

Dogecoin (CRYPTO: DOGE) It traded down 0.5% at $0.17 in the 24 hours through early Wednesday morning.

What is moving? The prank cryptocurrency is down 3.3% over a seven-day tracking period.

DOGE stock fell 0.6% and 2% against Bitcoin (BTC) and Ethereum (ETH) respectively within 24 hours.

Since the beginning of the year, the DOGE is down 1.8%. Over the past 30 days, it has increased by 0.5%, while over the 90-day period it has decreased by 30.5%. In May last year, DOGE hit an all-time high of $0.74.
See also: How to buy Dogecoin (DOGE)

Why are you moving? DOGE is trading slightly lower at the time of writing although other major coins are in the green as the global cryptocurrency market cap rose 0.8% to $2.2 trillion.

DOGE was among the most mentioned coins on Twitter. It had attracted 811 tweets at press time, according to Cointrends data.

The most discussed coins – Bitcoin, Ethereum and Solana – attracted 4,946, 2,896 and 1,256 tweets, respectively.

Major currencies remained weak on Tuesday. The major currency is under pressure as monetary tightening appears imminent. Another factor working against BTC is the lack of “institutional love,” according to OANDA Senior Market Analyst. Edward Moya.

Tuesday, Gokstein Media Executive Director David Jokstein He said on Twitter that DOGE will return just as the non-fungible tokens did and that it “still exists.”

Meanwhile, a poster on r/Dogecoin noted that Wal-Mart Corporation (NYSE: WMT) can cut its transaction costs from $22.2 million a day to $86,000 just by transacting in DOGE.

Screenshot from r/Dogecoin

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