Dogecoin Daily: Price Remains Muted, Vitalik Buterin Sends $1M To Foundation, Elon Musk Holdings Poll And More

© Reuters Dogecoin Daily: Price Remains Muted, Vitalik Buterin Sends $1M To Foundation, Elon Musk Holdings Poll And More

(CRYPTO: DOGE) traded 0.7% lower at $0.09 over 24 hours leading up to early Monday morning.

DOGE traded lower as major coins slipped into the red at press time with the global cryptocurrency market cap declining 0.8% to $1.3 trillion at press time.

Dogecoin Price Performance

% Change (+/-)
24-hour -0.7
24-hour against 0.4%
24-hour against 0.4%
7-day -28%
30-day -38.8%
YTD performance -48.3%

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The DOGE Factors

  • DOGE was not among the most mentioned coins on Twitter (NYSE:) at press time, according to Cointrendz data.
  • DOGE trading volume over 24 hours declined 15.9% to $678.94 million, according to CoinMarketCap.
  • Coinglass data indicated that $2.01 million worth of Dogecoin was liquidated as the price of the meme coin declined over 24 hours.

Cryptos Could ‘Rally Hard’ This Week
Cryptocurrency analyst Justin Bennett said on Twitter that people trying to short cryptocurrencies are about to get a “hard lesson” on paying attention to stocks. He said ignoring the correlation was “no longer optional.” According to Bennett, the S&P 500 reclaiming a key level is an indicator that cryptocurrencies are about to “rally hard” this week.

Buterin Sends Dogecoin Foundation $1M
Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin has sent the Dogecoin Foundation more than $1 million in 500 ETH coins recently. The transaction was noted on the Ethereum network, according to a prior report.

Musk’s Dogecoin Holdings
Benzinga visitors were asked in a poll how much DOGE do you think Tesla Inc (: TSLA) CEO Elon Musk owns. A majority, about 62.3%, of the respondents said $1 million, while 32.5% guessed he owns DOGE worth several billions.

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DOGE On The Web
Dogecoin-oriented handle Mishaboar demanded more transparency on “Binance-pegged” Dogecoin from the cryptocurrency platform’s CEO Changpeng Zhao.

The latter responded by saying Binance’s peg addresses were public.

DOGE co-creator Billy Markus, who also jumped on the thread, pointed to a BNB Chain “Proof of Assets” page, and said “DOGE” was not on it.

Markus asked the Binance CEO to get “back to us on this” and said we want “actual proof of asset.” He also tagged Musk on the tweet.

Read Next: Dogecoin Creators Blasts ‘Tech Bros,’ Takes Jab At (LUNA) Founder

© 2022 Benzinga does not provide investment advice. All rights reserved.

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