Dogecoin (CRYPTO: DOGE) traded 7.4% higher at $0.07 in the early hours of Thursday amid heightened interest in meme coin seen on Twitter’s social media platform.
DOGE rose along with other major coins as the global cryptocurrency market cap increased 4.5% to $1.1 trillion.
Dogecoin Price Performance
Time-frame
% Change (+/-)
24-hour
7.4%
24-hour against Bitcoin
0.1%
24-hour against Ethereum
7.3%
7-day
17.7%
30-day
23.6%
YTD performance
-58.6%
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The DOGE Factors
DOGE was among the most-mentioned coins on Twitter over 24 hours, according to Cointrendz data. The three most-mentioned coins at press time were Bitcoin, Ethereum, and XRP.
The 24-hour trading volume for DOGE fell 6.9% to $566.9 million, according to CoinMarketCap.
Coinglass data indicated that $1.22 million worth of DOGE was liquidated over 24 hours as the price of the meme coin increased.
DOGE’s relative strength …
Full story available on Benzinga.com