It was trading at $0.06, up 3.1 percent in 24 hours through Friday morning. Dogecoin (DOGE), the global cryptocurrency market cap, is up 4% to $927 billion. It is trading higher along with other major coins.
Dogecoin (DOGE) millionaire expects bullish in these altcoins
According to Cointrendz, DOGE was not among the most mentioned cryptocurrencies on Twitter at the moment. According to CoinMarketCap, 24-hour trading volume for DOGE fell 18.3 percent to $358.64 million. Coinglass data showed that $637,540 worth of DOGE was liquidated within 24 hours as the price of meme coins increased. DOGE’s relative strength index was 42.68 at press time. An asset with an RSI below 30 is considered oversold, while an asset with an RSI above 70 is said to be overbought.
The US dollar continued to gain strength amid rising expectations of an upcoming rate hike. However, according to Justin Bennett, a currency trader, if the dollar weakens as the dollar index shows, it could help fuel a relief rally for cryptocurrencies. Dogecoin Foundation Director Timothy Stebbing tweeted on Friday that while Bitcoin has “deviated” from its decentralized currency mission to “chase short-term gains”, DOGE is “making steady progress towards the original goal.”
Dogecoin co-creator Billy Markus posted a meme on Thursday centered around a “fall” in home prices. “Dogecoin millionaire” Glauber Contessoto is optimistic about what he calls “blue-chip crypto” amid a bear market. He said its rise has extended to Bitcoin, Ethereum, Dogecoin and Cardano.
DOGE can now be used on yacht service
Shiba Inu and Dogecoin holders can now use cryptocurrencies to pay for luxury yacht services. This is evident as the use of cryptocurrencies increases in the yachting industry. Several top brokerages now accept crypto payments for buying and chartering yachts. The latest is Monaco-based Yachtzoo, which collaborates with cryptocurrency payment processor BitPay. Other cryptocurrencies supported by BitPay include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, Dai, Wrapped Bitcoin (WBTC) and stablecoins.
in May; It included luxury yacht charter and brokerage firm Camper & Nicholsons, which accepts cryptocurrencies through BitPay. As reported, the 240-year-old company now accepts cryptocurrency payments for its entire fleet of yachts for purchase, rental and all other services. SuperYachtsMonaco, a boutique yacht broker headquartered in Monaco, recently announced a partnership with BitPay, where it sells the 40.2-metre Benetti motor yacht Oryx using its crypto payment processor. The higher the payment, the higher the acceptance of cryptocurrencies.
Shiba Inu and Dogecoin holders can now pay for Uber Eats meal deliveries with cryptocurrencies via BitPay, as we reported on Kriptokoin.com. Food delivery companies like DoorDash and Grubhub, as well as takeaways like Grill, Chili’s, Carrabba’s Italian Grill, Steak ‘n Shake, and many more, also accept crypto through BitPay. Luxury watchmakers like Tag Heuer, Hublot, and Breitling have also raised the crypto flag by accepting crypto payments for their goods.
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