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{"id":802,"date":"2021-07-22T10:04:25","date_gmt":"2021-07-22T10:04:25","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/07\/22\/why-is-dogecoin-shooting-up-today\/"},"modified":"2021-07-22T10:04:25","modified_gmt":"2021-07-22T10:04:25","slug":"why-is-dogecoin-shooting-up-today","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/07\/22\/why-is-dogecoin-shooting-up-today\/","title":{"rendered":"Why Is Dogecoin Shooting Up Today?"},"content":{"rendered":"


\n<\/p>\n

\n
\n

Dogecoin<\/strong> (CRYPTO: DOGE) shot up as much as 21% to touch $0.21 in intraday trade leading up to press time.<\/p>\n

What\u2019s Moving? <\/strong>Over 24 hours, DOGE traded 14.41% higher at $0.19 at press time. Against Bitcoin<\/strong><\/a> (CRYPTO: BTC) and Ethereum<\/strong> (CRYPTO: ETH), DOGE traded 5.17% and 1.32% higher respectively. On a seven-day trailing basis, DOGE traded 1.87% lower.\u00a0<\/p>\n

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

DOGE has shot up 3,310.87% so far since the year began.<\/p>\n

Why Is It Moving? <\/strong>DOGE moved higher with other major cryptocurrencies <\/a>like BTC and ETH after Tesla Inc <\/strong>(NASDAQ:TSLA<\/a>) CEO Elon Musk <\/strong>revealed at The B Word Conference that he held DOGE, ETH, and BTC in a private capacity.<\/p>\n

See Also: <\/em>What’s Up With Ethereum Today?<\/em><\/a><\/p>\n

Musk spoke positively about DOGE<\/a> at the conference and complemented the community surrounding the cryptocurrency for its being \u201cirreverent\u201d and for not taking itself too seriously.\u00a0<\/p>\n

In response to Musk, Twitter Inc <\/strong>(NYSE:TWTR<\/a>) and Square Inc<\/strong> (NYSE:SQ<\/a>) CEO Jack Dorsey<\/strong> said he was drawn to BTC due to \u201cirreverence.\u201d<\/a><\/p>\n

As per Benzinga\u2019s Melanie Schaffer, the 16-cent mark has emerged as a \u201csolid support level\u201d <\/a>for DOGE which it has tested several times and bounced back above it.<\/p>\n

On Friday, Dogecoin co-creator Billy Markus is set to join<\/a> Benzinga\u2019s \u201cMoon or Bust\u201d show, where he will discuss the Shiba Inu-themed cryptocurrency.<\/p>\n

Read Next: <\/em>Elon Musk Suggests Tesla Could Resume Accepting Bitcoin Soon<\/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) shot up as much as 21% to touch $0.21 in intraday trade leading up to press time. What\u2019s Moving? Over 24 hours, DOGE traded 14.41% higher at $0.19 at press time. Against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 5.17% and 1.32% higher respectively. On a seven-day trailing basis, DOGE […]<\/p>\n","protected":false},"author":1,"featured_media":803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[81,743,291],"class_list":{"0":"post-802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dogecoin","8":"tag-dogecoin","9":"tag-shooting","10":"tag-today"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/802","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=802"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/803"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}