Saturday, January 22 2022

Dogecoin (CRYPTO: DOGE) traded 2.41% higher at $ 0.28 in the early hours of Wednesday.

What is moving? The Shiba Inu-themed coin is down 5.48% over a seven-day period.
See also: How to buy Dogecoin (DOGE)

Doge gained 1.73% against apex cryptocurrency Bitcoin (CRYPTO: BTC) over 24 hours. The coin itself fell 6.03% against Ethereum (CRYPTO: ETH) at the same time.

Over the past 30 days, DOGE has gained 33.64% and the cryptocurrency has climbed 4,796.07% since the start of the year.

DOGE hit an all-time high of $ 0.74 in early May and traded 62.15% lower at press time compared to those levels.

Why is it moving? DOGE aligned with the major cryptocurrencies on Wednesday as the global cryptocurrency market cap rose 3.04% to $ 2.12 trillion.

See also: Now is the time to buy from Cardano (ADA)?

At the time of going to press, the coin itself was among the top 10 most mentioned cryptocurrencies on Twitter, according to data from Cointrendz.

WTA 3-ranked professional tennis player Naomi Osaka said on Tuesday that a continuous flow of Dogecoin-centric conversations, particularly on his Twitter feed, had led to his interest in cryptocurrencies and his possible foray into non-fungible tokens or NFTs.

Meanwhile, the classic and original image of Kobasou, that was featured in a 2013 Dogecoin meme is slated to go into fractional ownership on Wednesday.

PleasrDAO, the owner of the NFT, will divide the digital artwork into billions of $ DOG ERC-20 tokens which would be auctioned to the public.

Meanwhile, market analyst and chairman of market research firm The Mercator, Gianni Di Poce, told the Benzinga Crypto Trade Festival that he “wouldn’t be surprised to see DOGE at over a dollar a coin.”

Di Poce’s dollar prediction is based on the fact that DOGE recently broke a mostly horizontal three-year drift, breaking resistance and then hitting all-time highs.

Read more :Scaramucci still sees Bitcoin hitting $ 100,000 by year-end

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