Such Spike, Much Wow! Why This Analyst Is Calling Out To Elon Musk Amid Dogecoin Rise Today – Dogecoin – United States Dollar ($DOGE)

Dogecoin (CRYPTO: DOGE) jumped 12.6% to $0.17 in the 24 hours to early Thursday morning.

What is moving? The meme cryptocurrency is up 9.6% over a seven-day tracking period.

Against the largest cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 9.9% and 8.8% higher, respectively, in 24 hours.

The DOGE is up 7.8% over a 30-day period, while it is down 26.45% in the last 90 days.

Since the beginning of 2022, the DOGE is down 0.44%. It touched an all-time high of $0.74 in May 2021.

See also: How to buy Dogecoin (DOGE)

Why are you moving? The rise of DOGE came along with other major currencies as the global cryptocurrency market cap rose 3.1% to $2.1 trillion at the time of writing.

DOGE is included in the “Top 10 Signals” on Twitter’s list compiled by Cointrendz. At press time, the cryptocurrency has attracted 3,076 tweets.

The three most discussed coins on the list were Bitcoin, Ethereum, and Solana. It attracted 11,327, 4,673 and 4,231 tweets, respectively.

Consumer price inflation figures released on Wednesday by the Department of Labor indicate that inflation growth touched a record high of 7%, the fastest since 1982. In parallel, the dollar index fell on the same day. The dollar’s decline is due to the “selling news” event before OANDA expert proofreader Edward Moya, which he said is positive for the major cryptocurrency.

pseudonym analyzer Calio He tweeted Wednesday that assuming DOGE does not correct current levels, the currency’s next resistance point is 24 cents.

Kaleo also called DOGE-bull and Tesla Corporation (NASDAQ: TSLA) Chief Executive Officer Elon Musk “It’s about time,” he said, if the entrepreneur still believes in the memes.

Meanwhile, he co-created DOGE Billy Marcus He’s approaching the one million followers mark on Twitter. Marcus tweeted a screenshot on Wednesday that showed he was following 420 accounts, while he was followed by 996.9k followers.

While 420 is associated with cannabis culture, 69 has sexual connotations. Musk’s tweets sometimes contain references to both.

read the following: Mark Cuban comes to the defense of Dogecoin and targets Bitcoin as a performer over the past year