Dogecoin (CRYPTO: DOGE) traded 7.91% higher at $0.27 over 24 hours Wednesday early morning.
What’s Moving: The Shiba Inu-themed cryptocurrency has soared 38.22% over a seven-day trailing period.
DOGE traded 5.57% and 4.02% higher against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) respectively.
The meme-coin has skyrocketed 4,608.39% since the year began. DOGE had the fourth-best year-to-date returns among the coins tracked by CoinMarketCap data.
See Also: How To Buy Dogecoin (DOGE)
Why Is It Moving? DOGE rose in parallel with other major cryptocurrencies as the global market cap for coins registered a 3.75% increase to $1.91 trillion at press time.
See Also: Why Ethereum And NFT Based Crypto Axie Infinity Is Trading 60% Higher Today
On Wednesday morning, DOGE was the third most mentioned cryptocurrency on Twitter Inc’s (NYSE:TWTR) platform behind BTC and ETH.
DOGE also attracted high interest from investors on social media, as per Stocktwits’ data.
Meanwhile, a planned upgrade that would have lowered the DOGE transaction fee will see some delay, as per the cryptocurrency’s co-creator Billy Markus.
As per Benzinga's Melanie Schaffer Dogecoin is 'digging' itself into a bullish pattern.
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