107.9FM NYJ/LA

Translate This Page

Dogecoin Underperforms Wider Crypto Market Despite Key Catalyst

Posted by Shivdeep Dhaliwal on Friday, June 4, 2021 Under: Technical Analysis
a book on a table© Provided by BenzingaDogecoin (DOGE) traded over 6% lower on Thursday night, underperforming against the broader market, even after Coinbase Global Inc (NASDAQ: COIN) listed the Shiba Inu-themed coin on its platform. 

What Happened: DOGE traded 6.18% lower at $0.39 at press time over a 24-hour period. The cryptocurrency fell 9.07% against Bitcoin (BTC) and 9.31% against Ethereum (ETH). 

See Also: How to Buy Dogecoin (DOGE)

The total market capitalization of the global cryptocurrency market rose 3.57% to $1.74 trillion in a 24-hour period.

Bitcoin, the largest cryptocurrency by market cap, traded 3.38% higher at $38,677.79, while ETH traded 3.92% higher at $2,806.69 over a 24-hour period leading up to press time.

The top gainers over a 24-hour trailing period at press time were Filecoin (FIL), Theta (THETA), The Graph (GRT), BitTorrent (BTT), and Solana (SOL).

FIL gained 27.87% at $89.05 in a 24-hour period. The cryptocurrency clocked almost 23% against both BTC and ETH.

In the same time frame, THETA rose 23.81% to $9.85, GRT spiked 21.05% to $0.9253 and BTT was up 16.02% to $0.004407. SOL too jumped higher by 12.82% to $38.55 in a 24-hour window.

Why It Matters: The fall in DOGE comes even as Coinbase, the third-largest exchange by volume as per CoinMarketCap, listed the meme cryptocurrency on Thursday. Coinbase also announced a $1.2 million giveaway to “celebrate.”

Solana is due for listing on Coinbase’s Pro platform as well. The launch was delayed due to technical issues as per an announcement on Twitter by the platform on May 22.

See Also: Ethereum Killers Are Advancing At Record Pace This Year: What You Need To Know

Solana’s co-founder and chief operating officer Raj Gokal told Benzinga last week that the listing “validates all of the hard work that the community has put into building out the hundreds of dApps and platforms that make up an ever-growing ecosystem.”

Read Next: Does Dogecoin Have A 'CEO?' Here's What You Should Know

In : Technical Analysis 

Tags: dogecoin underperforms wider crypto market despite key catalyst 

Panerai Luminor "Blackseal" PAM76 Titanium Black & Silver dial 44mm Automatic wa

44mm, Titanium
Panerai Luminor "Blackseal" PAM76 Titanium Black & Silver dial 44mm Automatic watch
G&S Price: $22,000



    HOT 103.1 FM HOUSTON

    Fashion director finds. Everything our fashion office is obsessed with right now.

    Shop Janelles's finds


    Here’s $30 of BTC, on us.
    Get free $30 of BTC 
     by funding your Invstr+
    with $100 or more.
    Fund account & claim $30 of BTC
    Need help? Contact us at

    Invest, spend, and earn 2.05% APY*–all through your brokerage account.
    Our goal at Robinhood is to democratize finance. This means delivering products that help you do more with your money and improve your life. Today, we're excited to introduce Cash Management, a new feature to give you more flexibility with your brokerage account.
    Flexible Spending
    Use your Robinhood debit card anywhere Mastercard® is accepted around the world.
    Earn 2.05% APY
    Your uninvested cash is moved to banks in our program that pay you 2.05% APY*. Like all variable rates, this could go up or down over time.
    FDIC Insurance
    Your cash in the program banks is eligible for up to $1.25 million of FDIC insurance, or up to $250,000 per bank, subject to FDIC rules.
    75,000+ ATMs
    Don't pay fees at any of the 75,000+ ATMs in our network.

    See the source image

    For the next two weeks, you can earn increasing levels of Stock-Back™ rewards when you shift your everyday spending to your Stash debit card.* 

    Every qualifying swipe over $5 gets you closer to leveling up your Stock-Back rewards. Levels start tomorrow and reset to zero on Monday, November 18.

    Follow Us


    Flag Counter

    Flag Counter

    Make a free website with Yola