Why Is Dogecoin Moving Higher Today?

Dogecoin (CRYPTO: DOGE) traded 2.36% higher at $0.20 in the early hours of Friday.

What’s Moving? DOGE was down 0.14% over a seven-day trailing period leading up to press time. Against Bitcoin (CRYPTO: BTC), the Shiba Inu-themed coin fell 4.3% over 24 hours while against Ethereum (CRYPTO: ETH) it slipped 3.1% in the same period.

On a year-to-date basis, DOGE is up about 3,407.74%.

See Also: How To Buy Dogecoin (DOGE)

Why Is It Moving? Dogecoin primarily traded higher amid market-wide momentum driven by Ethereum and Bitcoin.

Dorsey’s post got the attention of meme Twitter handle greg, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, and Dogecoin co-creator Billy Markus among others.

DOGE was among the most mentioned cryptocurrencies on Twitter at press time, as per data from Cointrendz but it was Ethereum that received the most mentions.

See Also: Ethereum Leads Crypto Market Rally As London Hard Fork Complete, Bitcoin Finds Way Back Above $40K, Dogecoin Muted

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