Why is Dogecoin moving today?

Dogecoin (CRYPTO: DOGE) fell 10% to $ 0.295 over 24 hours in the early hours of Wednesday.

What is moving? The Shiba Inu-themed cryptocurrency was up 10.8% in a seven-day period at the time of publication.

DOGE fell by 5.24% and 3.7% respectively against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) over 24 hours.

Since the start of the year, DOGE has gained 5,229.03%.

See also: How to buy Dogecoin (DOGE)

Why is it moving? DOGE’s drop early on Wednesday was in tandem with other major coins, as the cryptocurrency’s market cap fell 2.06% to $ 1.93 trillion.

DOGE was among the most mentioned cryptocurrencies on Twitter Inc (NYSE: TWTR) at time of publication, according to data from Cointrendz.

Tuesday, Dogecoin co-creator Billy Markus tweeted about the reinvigorated Dogecoin Foundation, which he joined as an advisor. Joining him as an advisor is also co-creator of Ethereum Vitalik Buterin.

Guess who’s back! https://t.co/MCF9cDNowx

– Dogecoin Foundation (@DogecoinFdn) August 17, 2021

Notable members of the Foundation’s Board of Directors include Ross Nicoll, Michi Lumin – the two developers Doge – and Jens Wiechers, a Foundation veteran.

Meanwhile, Dogecoin backers are also calling for Walmart inc. (NYSE: WMT) to accept the coin even amid speculation the retail giant is planning a foray into cryptocurrency.

See also: I hunted “dogemons” in the streets of Tokyo and I “won” dogecoins: this is how you can repeat the feat