{"id":14598,"date":"2022-04-22T18:43:56","date_gmt":"2022-04-22T18:43:56","guid":{"rendered":"http:\/\/egrowonline.com\/?p=14598"},"modified":"2022-04-22T18:43:56","modified_gmt":"2022-04-22T18:43:56","slug":"dogecoin-united-states-dollar-cryptodoge-tesla-motors-inc-nasdaqtsla-why-is-dogecoin-deep-in-red-today","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=14598","title":{"rendered":"Dogecoin &#8211; United States Dollar (CRYPTO:$DOGE), Tesla Motors, Inc. (NASDAQ:TSLA) &#8211; Why Is Dogecoin Deep In Red Today?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>Dogecoin<\/strong> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\" rel=\"noopener\">DOGE<\/a>) traded 1.3% lower at $0.14 over 24-hours leading up to early Friday morning.\u00a0<\/p>\n<p>DOGE fell alongside other major coins as the global cryptocurrency market cap declined 1.4% to $1.9 trillion at press time.<\/p>\n<table border=\"1\" cellpadding=\"1\" cellspacing=\"1\" style=\"width:100%\">\n<caption>Dogecoin Price Performance<\/caption>\n<thead>\n<tr>\n<th scope=\"col\"><strong>Time-frame<\/strong><\/th>\n<th scope=\"col\">% Change (+\/-)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>24-hour<\/td>\n<td>-1.3%<\/td>\n<\/tr>\n<tr>\n<td>24-hour against <strong>Bitcoin<\/strong><\/td>\n<td>0.45%<\/td>\n<\/tr>\n<tr>\n<td>24-hour against <strong>Ethereum<\/strong><\/td>\n<td>0.5%<\/td>\n<\/tr>\n<tr>\n<td>7-day<\/td>\n<td>-5.2%<\/td>\n<\/tr>\n<tr>\n<td>30-day<\/td>\n<td>13.1%<\/td>\n<\/tr>\n<tr>\n<td>\n<p>YTD performance<\/p>\n<\/td>\n<td>-20.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>See Also: <\/em><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/best-crypto-debit-cards\/\" rel=\"noopener\"><em>Best Crypto Debit Cards<\/em><\/a><\/p>\n<h3>The Doge Factors<\/h3>\n<ul>\n<li>DOGE was among the most-mentioned coins on Twitter. It attracted 614 tweets, according to Cointrendz data. The three most-mentioned coins were XRP, Bitcoin, and Ethereum.<\/li>\n<li>DOGE 24-hour trading volume declined 16.6% to $716.2 million, according to data from CoinMarketCap.<\/li>\n<li>Data from Coinglass indicated that $3.69 million worth of DOGE futures were liquidated in the preceding 24 hours as the meme cryptocurrency declined.<\/li>\n<\/ul>\n<h3>Fed Speak A Downer For Cryptos<\/h3>\n<p>On Thursday, U.S. Federal Reserve Chair Jerome Powell said we\u2019re\u00a0 going to be raising rates and <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/04\/26754748\/bitcoin-ethereum-dogecoin-down-as-feds-powell-takes-strongly-hawkish-tone-why-cryptos-coul\" rel=\"noopener\">getting expeditiously to levels<\/a> that are more neutral and then that are actually tight.\u201d Statements made by Powell on the same day indicate that the Federal Reserve may opt for a more aggressive 50 basis points hike at its next policy meet.<\/p>\n<h3>Dogecoin Is Light<\/h3>\n<p>On Thursday, <strong>Tesla Inc <\/strong>(NASDAQ: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/tsla#NASDAQ\" rel=\"noopener\">TSLA<\/a>) CEO <strong>Elon Musk <\/strong><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/22\/04\/26754986\/musk-reacts-to-crypto-scammer-on-twitter-notes-the-irony-of-it-all\" rel=\"noopener\">sighed heavily in reaction to a scammer<\/a> that commented on one of his posts. The cryptocurrency scammer had advocated Dogecoin as a solution to <strong>Twitter Inc\u2019s<\/strong> (NYSE: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/twtr#NYSE\" rel=\"noopener\">TWTR<\/a>) spam problems while carrying out a giveaway scam.\u00a0<\/p>\n<h3>Crypto Holders Shifting From Bitcoin To Dogecoin<\/h3>\n<p>Currency.com CEO <strong>Steve Gregory<\/strong> said the company has noted a <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/04\/26743234\/exclusive-crypto-holders-are-shifting-from-bitcoin-to-dogecoin-and-shiba-inu-exchange-exec\" rel=\"noopener\">gradual shift<\/a> from its users holding Bitcoin to meme coins such as Dogecoin.<\/p>\n<h3>DOGE On The Web<\/h3>\n<p>DOGE co-creator<strong> Billy Markus<\/strong> reacted to a tweet from Musk on Thursday. The entrepreneur said, \u201cIf our twitter bid succeeds, we will defeat the spam bots or die trying!\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p>i think i have around 3,000 actual human followers<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a target=\"_blank\" href=\"https:\/\/twitter.com\/BillyM2k\/status\/1517286296049242113?ref_src=twsrc%5Etfw\" rel=\"noopener\">April 21, 2022<\/a><\/p>\n<\/blockquote>\n<p>Markus said he had only about 3000 actual human followers in response to Musk. Markus has a Twitter following of 1.3 million.<\/p>\n<p>Markus said in a separate tweet that his account was now the 6969-th largest account on the Jack Dorsey-founded social media platform.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p>thank you to my 1.3 million followers<\/p>\n<p>i am now the #6969-th largest account on twitter<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a target=\"_blank\" href=\"https:\/\/twitter.com\/BillyM2k\/status\/1517234599553867777?ref_src=twsrc%5Etfw\" rel=\"noopener\">April 21, 2022<\/a><\/p>\n<\/blockquote>\n<p>Dogecoin-oriented Youtuber <strong>Matt Wallace<\/strong> said that \u201cAuthentication based on Dogecoin transactions would be cool.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p>Authentication based on Dogecoin transactions would be cool<\/p>\n<p>\u2014 Matt Wallace (@MattWallace888) <a target=\"_blank\" href=\"https:\/\/twitter.com\/MattWallace888\/status\/1517219091286790144?ref_src=twsrc%5Etfw\" rel=\"noopener\">April 21, 2022<\/a><\/p>\n<\/blockquote>\n<p><em>Read Next: <\/em><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/22\/04\/26755391\/remarkable-that-convinced-bitcoin-hodlers-clenching-their-moneybags-even-as-stocks-plunge-analyst\" rel=\"noopener\"><em>Bitcoin HODLers Clenching Their Moneybags Even As Stocks Plunge Is Remarkable, Says Analyst<\/em><\/a><\/p>\n<\/p><\/div>\n<p><i>\u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/news\/22\/04\/26755734\/why-is-dogecoin-taking-a-plunge-into-the-red-today\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (CRYPTO: DOGE) traded 1.3% lower at $0.14 over 24-hours leading up to early Friday morning.\u00a0 DOGE fell alongside other major coins as the global cryptocurrency market cap declined 1.4% to $1.9 trillion at press time. Dogecoin Price Performance Time-frame % Change (+\/-) 24-hour -1.3% 24-hour against Bitcoin 0.45% 24-hour against Ethereum 0.5% 7-day -5.2% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[580,5191,85,579,5619,7496,87,578,585,446,577],"class_list":["post-14598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-cryptodoge","tag-deep","tag-dogecoin","tag-dollar","tag-motors","tag-nasdaqtsla","tag-red","tag-states","tag-tesla","tag-today","tag-united"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/kanchanara-gzwrrjwfggu-unsplash_1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14598"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14598\/revisions"}],"predecessor-version":[{"id":14600,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14598\/revisions\/14600"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/14599"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14598"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}