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Dogecoin (CRYPTO: DOGE) traded up 0.3% to $ 0.21 on 24 hours early Wednesday morning.
What is moving: The cryptocurrency itself fell 12.82% over a seven-day period.
Versus Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 1.76% and 4.6% higher over 24 hours, respectively.
So far this year, DOGE has risen 3,589.92%, hitting an all-time high of $ 0.74 in early May.
See also: How to buy Dogecoin (DOGE)
Why is it moving? DOGE broke away from major coins like BTC and ETH which were trading in the red at press time as the global cryptocurrency market cap fell 2.38% to 1.86 trillion. dollars.
DOGE did not generate much interest on Twitter on Wednesday as it was mentioned in 162 tweets, according to data from Cointrendz.
BTC was the most mentioned cryptocurrency with 1,140 mentions followed by Candles (CRYPTO: VLX) with 658 tweets.
Dogecoin is showing strength against BTC after being negatively affected by its relationship with BTC and the markets in general, according to Melanie Schaffer of Benzinga.
Schaffer wrote on Tuesday that a reversal could be in the cards for the Shiba Inu-themed coin, as BTC held up stronger than BTC.
BTC side, Katie Stockton, Managing Director of Fairleads Strategies, said that “the long-term uptrend still holds a grip on bitcoin, with our monthly indicators pointing up, putting short-term volatility in an upward context,” CoinDesk reported.
During this time, AMC Entertainment Holdings, Inc (NYSE: AMC) CEO Adam-aaron launched a Twitter poll on Tuesday asking its followers if AMC should consider accepting DOGE.
At the time of going to press, the poll had drawn 109,361 votes with 70.2% of the vote in favor of adoption, 8.4% saying yes but admitting they would not use DOGE. 6.7% said it wasn’t important, while 14.8% said it was a “waste of effort”.
Aaron previously confirmed that AMC would start accepting ETH, Litecoin (CRYPTO: LTC), and Bitcoin Cash (CRYPTO: BCH) with apex cryptocurrency.
Read more : Dogecoin Knockoff ‘Nano Dogecoin’ Really Up 9000% Today?
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