Why is Dogecoin failing to keep pace with other cryptocurrencies today? – Dogecoin – United States dollar ($ DOGE)

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Dogecoin (CRYPTO: DOGE) traded down 0.69% to $ 0.15 on a 24-hour basis until early Monday morning.

What is moving? DOGE fell 11.6% over a seven-day period.

The cryptocurrency itself fell 0.9% and 1.8% against Bitcoin (BTC) and Ethereum (ETH) respectively over 24 hours.

DOGE has fallen 9.2% in a 30-day period, while it has fallen 33% in the past 90 days. Since the start of 2022, DOGE has lost 12.2% of its value.

See also: How to buy Dogecoin (DOGE)

Why is it moving? DOGE evolved unlike other major coins that were trading in the green at the time of publication, with the cryptocurrency’s global market capitalization rising 0.7% to $ 1.98 trillion at the time of publication. the publication.

DOGE was not included in the “Top 10 Mentions” on the Twitter list compiled by Cointrendz.

The three most mentioned coins on the Bitcoin, Shiba Inu and Ethereum list drew 9,954, 5,908 and 4,878 tweets, respectively.

Sentiment in the cryptocurrency market continues to be dominated by fear, with at least one analyst believing that Bitcoin remains vulnerable to a breach of the $ 40,000 level and “it could get ugly” if ETH breaks above the $ 3,000 level.

DOGE has fallen below the 15 cent level three times since Dec. 4 and each time has rebounded from the level, indicating that the bulls are buying the dips, Benzinga’s Melanie Schaffer wrote on Friday.

co-creator DOGE Billy Markus said on Sunday that the community around the coin was focused on the current fixed price, creating temporary hype and drama – valued at $ 0. Instead, the developer said the focus should be on more constructive activities.

Recently, Robinhood released a frequently asked questions page for their cryptocurrency wallets. The DOGE-oriented “Mishabar” Twitter handle noted that major takeaways that include a $ 3,000 daily withdrawal limit. Need two-factor authentication and no additional commissions for on-chain transactions.

Meanwhile, authorities in the Indian state of Maharashtra arrested an unidentified person who threatened to hack a private finance company and demanded a ransom of 116.3 million rupees ($ 1.56 million) from DOGE. , reported “The Print”, an online news portal based in India.

Read more : Dogecoin Co-Founder Billy Markus Responds To Mozilla’s Decision To Stop Crypto Donations, Calls Internet Outrage “Hypocrite and Stupid”

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