Dogecoin (CRYPTO: DOGE) traded 10% lower over the past 24 hours to $0.284 early Tuesday.
What’s Moving? The Shiba Inu-themed coin was up 2.8% over a seven-day trailing period.
Against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE fell 8.23% and 4.15% respectively.
Since the year began, DOGE is up 4864%, having hit an all-time high of $0.74 in early May.
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Why Is It Moving? At press time, all major coins were trading in the red and DOGE was no exception as the global cryptocurrency market cap stood at $2.26 trillion, a drop of 4.3% over 24 hours.
DOGE attracted relatively low interest on Twitter on Tuesday morning as it trailed several cryptocurrencies in terms of the number of mentions, as per data from Cointrendz.
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Solana (CRYPTO: SOL) attracted the most interest with 8,880 tweets, while DOGE was mentioned in 2,033 tweets at press time.
Three popular technical analysts — Justin Bennett, Scott Melker, also known as The Wolf of All Streets, and pseudonymous analyst Altcoin Sherpa — made bullish observations on DOGE over the weekend.
Altcoin Sherpa said it’s not a question of “if” DOGE will hit $1, but “when.” Melker said DOGE “looks ready to levitate back” to the $0.35 level.
Meanwhile, Wifedoge (CRYPTO: WIFEDOGE), a token that calls itself wife of DOGE, saw its market capitalization rise to $2.32 million last week, with gains of over 3,000% in market cap in just a single day.
Wifedoge has reserved 5% of its coins for Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, which the project said will be given to him “at the right time.”
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