Dogecoin DOGE/USD traded 2.6% higher over 24 hours at $0.145 leading up to early Monday morning.
DOGE traded higher at press time even though Bitcoin BTC/USD traded lower and Ethereum ETH/USD was largely flat. The global cryptocurrency market cap inched down 0.1% at $2.2 trillion.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | 2.6% |
| 24-hour against Bitcoin | 3% |
| 24-hour against Ethereum | 2.4% |
| 7-day | -2.3% |
| 30-day | 17.8% |
|
YTD performance
|
-16.4% |
See Also: How To Buy Dogecoin (DOGE)
The Doge Factors
- The meme cryptocurrency was among the most mentioned coins on Twitter. It attracted 1,887 tweets at press time, according to Cointrendz data. XRP, Bitcoin, and Ethereum were the three most discussed coins.
- $1.97 million worth of DOGE futures have been liquidated in 24 hours as the meme cryptocurrency rose, according to Coinglass data.
DOGE’s Chart Shows Buoyancy
A bull flag pattern was created between March 15 and Saturday on DOGE’s chart with the pole formed between March 15 and March 28 and the flag formed over the following days, according to Benzinga’s Melanie Schaffer.
If DOGE breaks from this pattern in the coming days, it could print a higher high, as per Schaffer.
Wider Crypto Market Still Tied Up With Equities
On Sunday, cryptocurrency trader Justin Bennett said it wasn’t a “good look” for the S&P 500 failing to hold above the 4,600 levels.
“If stocks puke next week, it’ll drag #cryptos with them,” said Bennett in a tweet.
Doge Around The Web
Dogecoin co-creator Billy Markus pointed out the downsides for businesses to accept the meme coin early Monday morning. Where according to him are none.
dear businesses:
here is the downside of accepting dogecoin:
here is the upside:
– you get money in exchange for your goods and services
— Shibetoshi Nakamoto (@BillyM2k) April 4, 2022
The Dogecoin Foundation says the second Question and Answer session on the cryptocurrency will be held on April 4 at 5 p.m. ET and will feature DOGE developer Michi Lumin, executive board member of the foundation Jens Weichers, and product lead at the foundation Timothy Stebbing.
Dogecoin Foundation QnA #2, April 4th 2022, 02:00pm (PT) featuring @michilumin @jwiechers @tjstebbing (and maybe more!)
Live on “https://t.co/WjzOGODSlq” | Submit your questions using #AskDogecoinFDN & #AskDogecoinQnA pic.twitter.com/2oNj6a4X3s
— Dogecoin Foundation (@DogecoinFdn) March 31, 2022
Read Next: Dogecoin Co-Creator Says Community Needs To Do This To Make The Meme Coin A Success
