Dogecoin<\/strong> (CRYPTO: DOGE) traded 0.94% higher at $0.205 over 24 hours early Thursday at press time.<\/p>\n

The meme cryptocurrency is up 6.21% over a seven-day trailing basis.\u00a0<\/p>\n

What\u2019s Moving?<\/strong> DOGE traded 1.13% lower against Bitcoin<\/strong><\/a> (CRYPTO: BTC), while it was largely flat against Ethereum<\/strong> (CRYPTO: ETH) trading 0.24% higher over 24 hours.<\/p>\n

The Shiba Inu-themed cryptocurrency is up 3,497.24% since the year began.<\/p>\n

See Also: <\/em>How To Buy Dogecoin (DOGE)<\/em><\/a><\/p>\n

Why Is It Moving? <\/strong>DOGE traded marginally in the green as the global cryptocurrency market cap rose 1.16% higher at $1.54 trillion.<\/p>\n

In a positive market-wide signal, the crypto fear & greed index\u00a0has turned<\/a> “neutral” after over two months \u2014 a significant improvement from the “extreme fear” rating assigned last week.<\/p>\n

Dogecoin has a near-neutral 14-day relative strength index of 47.4 as of press time, as per data from Trading View. It is trading above the 200-day simple and exponential moving averages but below the 30-day averages.<\/p>\n

Benzinga\u2019s Melanie Schaffer noted that since July 22 DOGE has been trading in an uptrend <\/a>rangebound between 18 and 23 cents.\u00a0<\/p>\n

As per Schaffer, there is a support level \u201cslightly above 20-cent mark\u201d and on Monday and Tuesday DOGE closed the day above that mark \u2014 a good sign for bulls.<\/p>\n

Meanwhile, acceptance for DOGE continues to grow. On Tuesday, it was Restaurants Brands International Inc<\/strong> (NYSE:QSR<\/a>) subsidiary Burger King in Brazil that said it would accept DOGE as a payment for a dog snack<\/a>\u00a0in Brazil.\u00a0Now a Louisville, Kentucky coffee shop has rebranded itself as Dogebean<\/a> and is planning to accept DOGE.<\/p>\n

Read Next: <\/em>XRP Is Seeing Higher Interest Than Bitcoin, Dogecoin On Twitter Today: What’s Going On?<\/em><\/a><\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\u00a9 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
\n reserved. <\/p>\n

\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (CRYPTO: DOGE) traded 0.94% higher at $0.205 over 24 hours early Thursday at press time. The meme cryptocurrency is up 6.21% over a seven-day trailing basis.\u00a0 What\u2019s Moving? DOGE traded 1.13% lower against Bitcoin (CRYPTO: BTC), while it was largely flat against Ethereum (CRYPTO: ETH) trading 0.24% higher over 24 hours. The Shiba Inu-themed […]<\/p>\n","protected":false},"author":1,"featured_media":1626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[297,81,1643,184],"class_list":{"0":"post-1625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dogecoin","8":"tag-buy","9":"tag-dogecoin","10":"tag-good","11":"tag-time"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/1625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=1625"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/1625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/1626"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=1625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=1625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=1625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}