Benzinga
Published Jun 15, 2022 15:12
Updated Jun 15, 2022 15:43
Dogecoin Daily: No Sign Of Market Woes Ending But There's A Silver Lining
Dogecoin (CRYPTO: DOGE) traded 2.9% lower at $0.05 over 24 hours leading up to early Wednesday morning. DOGE crashed alongside other major coins as the global cryptocurrency market cap declined 2.4% to $939 billion at press time.
While there was no end in sight for the bear market, there's optimism around a new product launch related to Dogecoin.
24-hour | -2.9% |
24-hour against Bitcoin | 0.4% |
24-hour against Ethereum | 4% |
7-day | -32% |
30-day | -40.3% |
YTD performance
|
-69.7% |
See Also: How To Get Free Crypto
The DOGE Factors
Crypto Remains Under Pressure Cryptocurrencies remain under pressure ahead of a key interest rate policy announcement by the U.S. Federal Reserve on Wednesday. OANDA Senior Market Analyst Edward Moya said that the apex coin traders “better be buckled” as a hawkish decision could put pressure on the asset.
Rumors swirled Tuesday that Singapore-based hedge fund Three Arrows Capital was going bust. The co-founder of 3AC Zhu Su gave pace to the rumors by tweeting that he was “fully committed to working this out.”
Major Dogecoin Project Coming Up Libdogecoin v0.1, a dogecoin building blocks repository that will help people to build DOGE products of their own, is nearing release, according to Michi Lumin. Libdogecoin will allow users to create compliant products without having to deal with cryptocurrency functions and their specifics.
DOGE On The Web Dogememegirl, a graphic artist with the Dogecoin Foundation said that the first Big3 basketball league game featuring the Aliens will take place on June 19. The Aliens are sporting DOGE logo on their jerseys, as per an earlier report.
Go @big3aliens ! Representing #Doge in the @thebig3 basketball league first game coming soon, on June 19th!Gokhshtein Media CEO and DOGE-bull David Gokhshtein asked his followers if they picked up more of the meme coin as its price slid to 5 cents on Tuesday.Alien team as well as other Doge promotion banners are available for download on the website.
Get The AppJoin the millions of people who stay on top of global financial markets with Investing.com.Download Nowhttps://t.co/KiWMDkwrYf #Dogecoin #Dogefam #Dogearmy pic.twitter.com/klUieNWVYh
— Dogememegirl (@Dogememegirl) June 13, 2022
Did anyone pick up more $DOGE at $0.05?Read Next: How Low Does Bitcoin Have To Fall Before MicroStrategy Is Forced Out Of Its Massive Pile Of Coins?— David Gokhshtein (@davidgokhshtein) June 14, 2022
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