Dogecoin (CRYPTO: DOGE) traded 3.8% decrease at $0.243 at press time late Thursday — failing to shoot up regardless of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s tweets.
What Occurred: Dogecoin remains to be outperforming the broader market, with cryptocurrency market capitalization dropping 4.28% decrease to $1.38 trillion. Bitcoin (CRYPTO: BTC) traded 4.1% decrease at $33,457.27 and Ethereum (CRYPTO: ETH) traded 7% decrease at $2,100.50. Dogecoin traded 0.9% increased towards BTC and 4% increased towards ETH as of press time.
Why It Issues: Musk put out plenty of Canine-themed tweets on Thursday together with one the place he mentioned “dogz rūl” and one other Godfather-themed put up with the textual content “Launch the Doge!”
See Additionally: How To Buy Dogecoin (DOGE)
Whereas Musk’s second dog-themed tweet caused an initial surge in Dogecoin, the Shiba Inu-themed cryptocurrency stays general subdued this week and is down 9.29% within the interval.
Musk revealed this week that his Shiba Inu will likely be named Floki, which led to the emergence of a brand new cryptocurrency by the identical title.
Even so, DOGE is up 5,107.87% because the yr started, however has fallen 66.62% because it touched an all-time excessive of $0.74 in Might.
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