{"id":25004,"date":"2022-08-05T10:03:06","date_gmt":"2022-08-05T10:03:06","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25004"},"modified":"2022-08-05T10:03:06","modified_gmt":"2022-08-05T10:03:06","slug":"dogecoin-daily-price-on-the-move-up-elon-musk-discusses-the-meme-coin-in-podcast-appearance","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25004","title":{"rendered":"Dogecoin Daily: Price On The Move Up, Elon Musk Discusses The Meme Coin In Podcast Appearance"},"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 1.5% higher at $0.07 over 24 hours leading up to early Friday morning after\u00a0<strong class=\"core-block\">Tesla Inc. <\/strong><span class=\"ticker\" data-ticker=\"TSLA\" data-exchange=\"NASDAQ\">TSLA<\/span> CEO\u00a0<strong class=\"core-block\">Elon Musk\u00a0<\/strong>mentioned the meme coin on a podcast.<\/p>\n<p class=\"core-block\">DOGE traded higher along with other major coins as the global cryptocurrency market cap increased 1.09% to $1.09 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>1.5%<\/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>0.9%<\/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>-0.02%<\/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>-4.1%<\/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>1.5%<\/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>-60.4%<\/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\">See Also: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/get-free-cryptocurrency-right-now\" class=\"core-block\" rel=\"noopener\">How To Get Free Crypto<\/a><\/p>\n<h3 class=\"core-block\">The DOGE Factors<\/h3>\n<ul class=\"core-block\">&#013;<\/p>\n<li class=\"core-block\">Dogecoin\u2019s 24-hour trading volume was largely unchanged at $263.53 million at press time, according to CoinMarketCap<\/li>\n<p>&#013;<\/p>\n<li class=\"core-block\">Coinglass data indicated that $435,110 worth of DOGE were liquidated over 24 hours as the price of the memecoin rose<\/li>\n<p>&#013;<\/p>\n<li class=\"core-block\">The relative strength index for DOGE was 52.83 at press time, according to TradingView. An RSI above 70 indicates an asset is overbought, while RSI under 30 is a signal of an asset that is oversold<\/li>\n<p>&#013;\n<\/ul>\n<h3 class=\"core-block\">Calls Of Crypto Death Are Premature<\/h3>\n<p class=\"core-block\">Though major coins, including DOGE, traded lower on Thursday evening and trailed the gains in stocks, <strong class=\"core-block\">OANDA<\/strong> Senior Market Analyst<strong class=\"core-block\"> Edward Moya<\/strong><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/08\/28368789\/calls-that-crypto-is-dead-have-been-overdone-says-this-analyst-as-bitcoin-ethereum-dogecoi\" class=\"core-block\" rel=\"noopener\"> expressed confidence <\/a>that \u201ccrypto is alive and well.\u201d Moya pointed to a partnership between <strong class=\"core-block\">BlackRock<\/strong> and <strong class=\"core-block\">Coinbase Global Inc <\/strong><span class=\"ticker\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\">COIN<\/span> and said \u201ccalls that crypto is dead have been overdone.\u201d<\/p>\n<h3 class=\"core-block\">No One Too Big To Fail\u00a0<\/h3>\n<p class=\"core-block\">Cryptocurrency-oriented Twitter handle \u201cMishaboar\u201d said Friday that cryptocurrency platforms that fare well during the bull market need to scale down during the bear market.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\"><p>&#013;<\/p>\n<p class=\"core-block\">All <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">#crypto<\/a> platforms and services that fared well during a bull market need to scale down during a bear market; issues that were hidden behind the fa\u00e7ade are now laid bare and could be exploited or lead to disaster.<\/p>\n<p>No exchange, broker, or custodial service is too big to fail.<\/p>\n<p>&#013;<br \/>\n\u2014 Mishaboar (@mishaboar) <a target=\"_blank\" href=\"https:\/\/twitter.com\/mishaboar\/status\/1555412179469406208?ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">August 5, 2022<\/a><\/p><\/blockquote>\n<p class=\"core-block\">\u201cIssues that were hidden behind the fa\u00e7ade are now laid bare and could be exploited or lead to disaster. No exchange, broker, or custodial service is too big to fail.\u201d<\/p>\n<h3 class=\"core-block\">DOGE On The Web<\/h3>\n<p class=\"core-block\">Musk, while <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/22\/08\/28369199\/elon-musk-says-on-smoking-weed-with-joe-rogan-consequences-for-me-and-spacex-were-actually-not-good\" class=\"core-block\" rel=\"noopener\">appearing<\/a> on the\u00a0<strong class=\"core-block\">Nelk Boys<\/strong>\u00a0\u201cFull Send\u201d podcast on Thursday evening, said Dogecoin is the only cryptocurrency he is currently supporting and reiterated his <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/21\/12\/24581270\/why-elon-musk-thinks-dogecoin-is-better-for-transactions-than-bitcoin\" class=\"core-block\" rel=\"noopener\">previous stance<\/a> on the meme coin being better for transactions than\u00a0Bitcoin.<\/p>\n<p class=\"core-block\">Heading into the weekend, Dogecoin co-creator <strong class=\"core-block\">Billy Markus<\/strong> lamented the size of the break and said it should be 3 days.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\"><p>&#013;<\/p>\n<p class=\"core-block\">weekends should be 3 days<\/p>\n<p>2 days is too short<\/p>\n<p>&#013;<br \/>\n\u2014 Shibetoshi Nakamoto (@BillyM2k) <a target=\"_blank\" href=\"https:\/\/twitter.com\/BillyM2k\/status\/1555231546768265216?ref_src=twsrc%5Etfw\" class=\"core-block\" rel=\"noopener\">August 4, 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\/08\/28347482\/coinbase-asks-supreme-court-to-halt-user-lawsuits-relating-dogecoin-and-scammers\" class=\"core-block\" rel=\"noopener\"><em class=\"core-block\">Coinbase Asks Supreme Court To Halt User Lawsuits Relating Dogecoin And Scammers<\/em><\/a><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/news\/22\/08\/28370393\/dogecoin-daily-memecoin-on-the-move-up-key-shibe-says-no-one-too-big-to-fail-on-wobbly-crypto-instit\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin DOGE\/USD traded 1.5% higher at $0.07 over 24 hours leading up to early Friday morning after\u00a0Tesla Inc. TSLA CEO\u00a0Elon Musk\u00a0mentioned the meme coin on a podcast. DOGE traded higher along with other major coins as the global cryptocurrency market cap increased 1.09% to $1.09 trillion. &#013; Dogecoin Price Performance &#013; &#013; &#013; Time-frame &#013; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25005,"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":[10237,268,473,4589,85,589,1175,883,590,6449,195],"class_list":["post-25004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-appearance","tag-coin","tag-daily","tag-discusses","tag-dogecoin","tag-elon","tag-meme","tag-move","tag-musk","tag-podcast","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/shutterstock_2144122593_4.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25004","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=25004"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25004\/revisions"}],"predecessor-version":[{"id":25006,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25004\/revisions\/25006"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25005"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25004"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}