Dogecoin (CRYPTO: DOGE) spiked 5.6% to $0.15 over 24 hours leading up to early Tuesday morning.
DOGE shot up at press time while Bitcoin and Ethereum — the top two coins by market cap — saw relatively modest gains. The global cryptocurrency market cap rose 0.45% to $2.2 trillion.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | 5.6% |
| 24-hour against Bitcoin | 4.6% |
| 24-hour against Ethereum | 5.3% |
| 7-day | 4% |
| 30-day | 22.4% |
|
YTD performance |
-11.6% |
See Also: How To Buy Dogecoin (DOGE)
The Doge Factors
DOGE was among the most mentioned coins on Twitter. It attracted 1,855 tweets at press time, according to Cointrendz data. The three most-mentioned coins were XRP, Bitcoin, and Ethereum.
$5.16 million worth of DOGE futures have been liquidated in 24 hours as the meme cryptocurrency soared, according to Coinglass data.
Strong Correlation Persists With Equities
Major cryptocurrencies continued to be strongly correlated with equities. This correlation is stronger in the case of Ethereum than the apex coin, according to market data platform Santiment.
DOGE At OZ Convenience Stores
Australians will be able to pay with Dogecoin and other cryptocurrencies at the “On The Run (OTR) convenience store chain beginning July. The transactions will be processed via Crypto.com.
Doge Around The Web
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s purchase of a 9.2% stake in Twitter Inc (NASDAQ:TWTR) dominated DOGE discussions on Monday.
CNBC host Ran NeuNer said while Twitter found Jack Dorsey owns 2% of the platform, Musk owns 9%. He pointed out that Jack loves Bitcoin, while Musk loves DOGE.
So, @jack owns 2% of twitter, @elonmusk owns 9%!@jack loves BTC.@elonmusk loves $DOGE.
— Ran NeuNer (@cryptomanran) April 4, 2022
Dogecoin millionaire Glauber Contessoto alluded to the fact that Musk was now among the largest holders of the Twitter stock and tweeted it seems “bullish” with “Doge” as a hashtag
Hmmmmm seems bullish! #doge https://t.co/OHMhanGpLg
— SlumDOGE Millionaire (@ProTheDoge) April 4, 2022
Read Next: Here's How Much Elon Musk Made On His Twitter Bet In A Single Day
