Why Is Dogecoin Seeing A Sudden Spike? – Dogecoin – United States Dollar ($DOGE)

Dogecoin (CRYPTO: DOGE) is up 6% in 24 hours at $0.157 early Tuesday morning.

What is moving? The meme cryptocurrency is down 7.8% over a seven-day tracking period.

Since the beginning of 2022, DOGE has fallen by 8.8%. It touched an all-time high of $0.74 in May last year.

See also: How to buy Dogecoin (DOGE)

Why are you moving? DOGE has significantly outperformed ETH and BTC at the time of writing as the global cryptocurrency market cap rose 0.98% to $1.96 trillion.

The sudden rise in Dogecoin came, breaking away from the bearish pattern, as unconfirmed reports of Tesla preparing to accept Dogecoin circulated on Twitter.

Several Twitter users have shared screenshots of what is supposed to be a token from Tesla’s website, showing the inclusion of Dogecoin as a payment option.

# Tesla has started #dogecoin As payments? Tweet embed ??? # encrypt #CryptoNews #SayNoToPaidGroups pic.twitter.com/ZKvvaq4UiL

– Sadaf Crypto™ (crypto_vital) January 11 2022

“Tesla will make some purchasable with Doge and see how it goes,” Elon Musk said last month, but he did not offer a timeline or say whether the crypto-meme would also accept electric cars.

Benzinga was unable to confirm the presence of any such code on Tesla’s website.

What then: Major cryptocurrencies face an “uphill task” of getting back to all-time highs as cryptocurrencies now offer investment opportunities such as NFTs, metaverse bets, and many more altcoins for investors, according to a chief OANDA analyst. Edward Moya on Monday.

Monday, bull dog David Gorkhten He tweeted that he was longing for a “bag of DOGE”.

I can’t wait to get a bag of Doge.

– David Gokhshtein (@davidgokhshtein) January 10 2022

Meanwhile, he co-created DOGE Billy Marcus I targeted max Bitcoin marketing on Twitter.

Hey everyone you are saucy unless you dedicate your life to bitcoin buy it now or be forever poor and stupid loser check out how rich i am because i was lucky and bought early i am a genius you are saucy buy bitcoin to make me richer ya fools”

Bitcoin Maxi Marketing

– Shibitoshi Nakamoto (@BillyM2k) January 11 2022

read the following: Tesla owner says he earns $800 a month using his Model 3 to mine Bitcoin and Ethereum

Benzinga editor Nir Varshni contributed to this report.