{"id":24235,"date":"2022-07-28T17:58:37","date_gmt":"2022-07-28T17:58:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24235"},"modified":"2022-07-28T17:58:37","modified_gmt":"2022-07-28T17:58:37","slug":"dogecoin-daily-price-gets-momentum-from-fed-rate-hike-shibes-take-shots-at-bitcoin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24235","title":{"rendered":"Dogecoin Daily: Price Gets Momentum From Fed Rate Hike, Shibes Take Shots At Bitcoin"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\"><strong class=\"core-block\">Dogecoin<\/strong> <span class=\"ticker\" data-ticker=\"DOGE\/USD\" data-exchange=\"CRYPTO\">DOGE\/USD<\/span> traded 7% higher at $0.07 over 24 hours leading up to early Thursday.<\/p>\n<p class=\"core-block\">DOGE moved higher in tandem with other major coins as the global cryptocurrency marketcap shot up 8.4% to $1.06 trillion.<\/p>\n<figure class=\"core-block\">\n<table class=\"core-block\">&#013;<\/p>\n<caption>Dogecoin Price Performance<\/caption>\n<p>&#013;<\/p>\n<thead>&#013;<\/p>\n<tr>&#013;<\/p>\n<th scope=\"col\"><strong>Time-frame<\/strong><\/th>\n<p>&#013;<\/p>\n<th scope=\"col\">% Change (+\/-)<\/th>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;\n\t<\/thead>\n<p>&#013;<\/p>\n<tbody>&#013;<\/p>\n<tr>&#013;<\/p>\n<td>24-hour<\/td>\n<p>&#013;<\/p>\n<td>7%<\/td>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;<\/p>\n<tr>&#013;<\/p>\n<td>24-hour against <strong>Bitcoin<\/strong><\/td>\n<p>&#013;<\/p>\n<td>-2.15%<\/td>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;<\/p>\n<tr>&#013;<\/p>\n<td>24-hour against <strong>Ethereum<\/strong><\/td>\n<p>&#013;<\/p>\n<td>-5.9%<\/td>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;<\/p>\n<tr>&#013;<\/p>\n<td>7-day<\/td>\n<p>&#013;<\/p>\n<td>-2.2%<\/td>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;<\/p>\n<tr>&#013;<\/p>\n<td>30-day<\/td>\n<p>&#013;<\/p>\n<td>-6.2%<\/td>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;<\/p>\n<tr>&#013;<\/p>\n<td>&#013;<\/p>\n<p>YTD performance<\/p>\n<p>&#013;\n\t\t\t<\/td>\n<p>&#013;<\/p>\n<td>-61.3%<\/td>\n<p>&#013;<br \/>\n\t\t<\/tr>\n<p>&#013;<br \/>\n\t<\/tbody>\n<p>&#013;<br \/>\n<\/table>\n<\/figure>\n<p class=\"core-block\"><em class=\"core-block\">See Also: <\/em><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/best-crypto-debit-cards\/\" class=\"core-block\" rel=\"noopener\"><em class=\"core-block\">Best Crypto Debit Cards\u00a0<\/em><\/a><\/p>\n<h3 class=\"core-block\">The DOGE Factors<\/h3>\n<ul class=\"core-block\">&#013;<\/p>\n<li class=\"core-block\">DOGE was not amont the most-mentioned coins on Twitter at press time, according to Cointrendz data. However, it was seen trending on CoinMarketCap at press time.<\/li>\n<p>&#013;<\/p>\n<li class=\"core-block\">The 24-hour Dogecoin trading volume rose 42.45% to $544.8 million at press time, according to CoinMarketCap.<\/li>\n<p>&#013;<\/p>\n<li class=\"core-block\">Coinglass data indicated that $851,040 worth of DOGE were liquidated over 24 hours as the price of the meme coin increased.<\/li>\n<p>&#013;<\/p>\n<li class=\"core-block\">The relative strength index of DOGE was 50.62 at press time, according to TradingView. An asset with a RSI of over 70 is said to be overbought, while, if its RSI is under 30, it is said to be oversold.<\/li>\n<p>&#013;\n<\/ul>\n<h3 class=\"core-block\">Cryptos Strong After Rate Hike<\/h3>\n<p class=\"core-block\">A key policy meeting of the U.S. Federal Reserve ended on Wednesday after which the central bank announced a 75 basis points interest rate hike. However, Federal Reserve Chair <strong class=\"core-block\">Jerome Powell <\/strong>said as the monetary policy tightens further it will likely become appropriate to <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/07\/28237975\/whats-happening-to-bitcoin-etherum-dogecoin-after-jerome-powell-drops-hints-of-slowing-dow\" class=\"core-block\" rel=\"noopener\">slow the pace of such rate hikes<\/a>. Cryptocurrencies, including DOGE, rose after the comments by Powell along with other risk assets like stocks.\u00a0<\/p>\n<h3 class=\"core-block\">Dogecoin Vs. Bitcoin\u00a0<\/h3>\n<p class=\"core-block\"><strong class=\"core-block\">Dogecoin Foundation<\/strong> Director <strong class=\"core-block\">Timothy Stebbing <\/strong>took a dig at Bitcoin on Thursday saying while DOGE is still \u201cfind it\u2019s feet\u201d as a real currency, Bitcoin has \u201cgone down another path.\u201d<\/p>\n<p class=\"core-block\">Stebbing said in a Twitter thread alluding to the apex coin that a currency that is finding its feet for a time may \u201cbecome a well performing speculative asset\u201d as it garners adoption but then settles into its role.<\/p>\n<blockquote class=\"twitter-tweet\"><p>&#013;<\/p>\n<p class=\"core-block\">&#8211; So a currency finding its feet may for a time become a well performing speculative asset.. as it gains adoption, but then settles into its role.<\/p>\n<p>&#8211; But something that&#8217;s become established as a real &#8216;store of value&#8217; must start to devalue to become a currency, or stop pretending.<\/p>\n<p>&#013;<br \/>\n\u2014 Timothy Stebbing (@tjstebbing) <a target=\"_blank\" href=\"https:\/\/twitter.com\/tjstebbing\/status\/1552543651170988032?ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">July 28, 2022<\/a><\/p><\/blockquote>\n<p class=\"core-block\">\u201cBut something that&#8217;s become established as a real &#8216;store of value&#8217; must start to devalue to become a currency, or stop pretending.\u201d<\/p>\n<p class=\"core-block\">Stebbing said while Dogecoin \u201cis delivering on Satoshi&#8217;s vision of a useful currency for the people, while BTC fell for the honeypot.\u201d He questioned the status of the apex coin as a store of value or its utility as currency.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\"><p>&#013;<\/p>\n<p class=\"core-block\">This will piss a lot of people off, but <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">#dogecoin<\/a> is delivering on Satoshi&#8217;s vision of a useful currency for the people, while BTC fell for the honeypot. I believe most BTC <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/HODLrs?src=hash&amp;ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">#HODLrs<\/a> don&#8217;t want to get out, so what are you <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">#BTC<\/a> ? Store of value or currency? you can&#8217;t be both. <a target=\"_blank\" href=\"https:\/\/t.co\/pmT6H6M3iW\" class=\"core-block\" rel=\"noopener\">pic.twitter.com\/pmT6H6M3iW<\/a><\/p>\n<p>&#013;<br \/>\n\u2014 Timothy Stebbing (@tjstebbing) <a target=\"_blank\" href=\"https:\/\/twitter.com\/tjstebbing\/status\/1552543662206111744?ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">July 28, 2022<\/a><\/p><\/blockquote>\n<p class=\"core-block\"><em class=\"core-block\">Read Next: <\/em><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/07\/28238848\/vitalik-buterin-the-merge-isnt-priced-in-yet\" class=\"core-block\" rel=\"noopener\"><em class=\"core-block\">Ethereum Creator Vitalik Buterin Says The Merge &#8216;Isn&#8217;t Priced In Yet&#8217;<\/em><\/a><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/news\/22\/07\/28239348\/dogecoin-soars-after-rate-hike-memecoin-delivering-on-satoshis-vision-while-bitcoin-fell-for-honeypo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin DOGE\/USD traded 7% higher at $0.07 over 24 hours leading up to early Thursday. DOGE moved higher in tandem with other major coins as the global cryptocurrency marketcap shot up 8.4% to $1.06 trillion. &#013; Dogecoin Price Performance &#013; &#013; &#013; Time-frame &#013; % Change (+\/-) &#013; &#013; &#013; &#013; &#013; 24-hour &#013; 7% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24236,"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":[50,473,85,1858,3127,1183,195,830,10074,10075],"class_list":["post-24235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bitcoin","tag-daily","tag-dogecoin","tag-fed","tag-hike","tag-momentum","tag-price","tag-rate","tag-shibes","tag-shots"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/kanchanara-8xo9gqaamzc-unsplash_2.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24235","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=24235"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24235\/revisions"}],"predecessor-version":[{"id":24237,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24235\/revisions\/24237"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/24236"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24235"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}