fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, May 31, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Dogecoin Market Cap Shed $6-B Last Month

June 10, 2022
in Bitcoin
Reading Time: 3 mins read
A A
Dogecoin Market Cap Shed $6-B Last Month
ShareShareShareShareShare

Related articles

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

May 31, 2023
Trading volumes on CEXs and DEXs surge amid market downtrend

Trading volumes on CEXs and DEXs surge amid market downtrend

May 31, 2023

Dogecoin was one of the cryptocurrencies that took a heavy blow from a market crisis that broke out in March, resulting in a precipitous decline in its market capitalization.

According to a chart by Coingecko on Friday, Dogecoin (DOGE) is trading at $0.079378, a decrease of 4.1% over the past week. Its most recent price activity resulted in a market cap of $10,637,807,407 USD.

The popular cryptocurrency inspired by memes finished the month of May with a market cap of approximately $11.4 billion.

Dogecoin Market Cap Down 35%

Dogecoin’s market capitalization decreased from May 9 to May 13 as a result of a general bearish market that intensified throughout this period. Increasing interest rates, inflation, and the preference for less volatile assets such as metals were among the economic variables that led to a major selloff of DOGE.

Suggested Reading | Axie Infinity Revenue Continues To Collapse – Here’s Why

Meanwhile, recent attention has been drawn to Dogecoin as a result of Elon Musk’s potential purchase of Twitter.

Reportedly, the social media platform is providing the billionaire with data that covers the more than 500 million tweets posted each day, potentially putting closure to the Tesla CEO’s contention.

After Musk first said that he would spend $43 billion to buy Twitter, the market value of Dogecoin went up by about $1 billion, from $18.45 billion to $19.35 billion in 10 days (Financial Times).

This week, Musk cast more doubts on whether he will complete a $44 billion agreement to acquire the social network.

The closing market cap for Dogecoin in May was 35 percent lower compared to the opening day market value for the month. DOGE saw a robust trading volume of $991 million which corresponded to a market cap of roughly $17 billion.

Nearly two weeks later, DOGE started at $0.08464 and closed at $0.07004. The trading volume of the memecoin was roughly $2.63 billion, which amounted to a market capitalization of approximately $10.97 billion. Since May 1, DOGE’s market value has decreased by 37 percent.

DOGE total market cap at $10.5 billion on the weekend chart | Source: TradingView.com

Musk’s Twitter Reveal Boosts DOGE Market Cap

Following Musk’s initial reveal of his $43 billion Twitter acquisition, Dogecoin’s market valuation jumped by about $1 billion, from $18.45 billion to $19.35 billion, in 10 days.

Suggested Reading | Bitcoin Market Cap Shed Over $120-B Last Month – How Much More Can It Lose?

Since then, however, the price of DOGE has decreased alongside the broader cryptocurrency market, particularly as Bitcoin plummeted below $35,000, dragging the bulk of altcoins down with it.

Dogecoin began May at $0.1276, reached a monthly high of $0.1373 four days later, touched a monthly low of $0.07004 on May 12, and ended the month at $0.08586.

Featured image from The Motley Fool, chart from TradingView.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

Despite Significant Correction, Worst Is Yet to Come For Crypto

Next Post

Bitcoin Fails to Retrace; Will BTC Return Profits?

Related Posts

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

May 31, 2023

On-chain data shows Bitcoin is slowly moving from the old holders to new investors, a sign that could be positive...

Trading volumes on CEXs and DEXs surge amid market downtrend

Trading volumes on CEXs and DEXs surge amid market downtrend

May 31, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Centralized exchanges (CEXs) and decentralized exchanges...

China’s Crypto Innovator Cautions Hong Kong On Digital Assets

China’s Crypto Innovator Cautions Hong Kong On Digital Assets

May 31, 2023

Crypto enthusiasts received a sobering wake-up call when esteemed entrepreneur Bobby Lee issued a warning to the community.  Casting a...

Doge Breaking This Single Level Will Spark Fresh Rally

Doge Breaking This Single Level Will Spark Fresh Rally

May 31, 2023

Dogecoin started a decent increase from the $0.0685 support against the US Dollar. DOGE could rally if it clears the...

Paxful Appoints New CEO, Will The P2P Ramp Launch A Token?

Paxful Appoints New CEO, Will The P2P Ramp Launch A Token?

May 30, 2023

Paxful, the peer-to-peer cryptocurrency trading platform, has announced a new chief executive officer (CEO) in a press release on May 30....

Load More
Next Post
Bitcoin Fails to Retrace; Will BTC Return Profits?

Bitcoin Fails to Retrace; Will BTC Return Profits?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What The Hack? DogeMiyagi, XRP and Cardano Fight The Security…

What The Hack? DogeMiyagi, XRP and Cardano Fight The Security…

May 28, 2023
Ethereum Traders Scrambling For The Exits After Price Crash

Ethereum Traders Scrambling For The Exits After Price Crash

May 24, 2023
Market Anticipation Builds As Optimism Plans To Unlock $587M Worth Of OP Tokens

Market Anticipation Builds As Optimism Plans To Unlock $587M Worth Of OP Tokens

May 30, 2023
Winklevoss Twins Explore London As Crypto Haven Amid US Crackdown

Winklevoss Twins Explore London As Crypto Haven Amid US Crackdown

May 24, 2023
Collateral Network (COLT), Quant (QNT)…

Collateral Network (COLT), Quant (QNT)…

May 28, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit
  • How Do Regulations Affect the Cryptocurrency Market? – Block Telegraph
  • ‘Zero’ Tokens Burned in 24-Hour Period
  • Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive
  • Nansen Lays Off 30% Of Workforce
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,013.00-2.56%
  • ethereumEthereum(ETH)$1,862.56-2.11%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.23%
  • binancecoinBNB(BNB)$306.52-1.77%
  • usd-coinUSD Coin(USDC)$1.000.46%
  • rippleXRP(XRP)$0.512.47%
  • cardanoCardano(ADA)$0.373915-0.47%
  • staked-etherLido Staked Ether(STETH)$1,860.85-1.93%
  • dogecoinDogecoin(DOGE)$0.071237-1.62%
  • matic-networkPolygon(MATIC)$0.89-0.37%
  • solanaSolana(SOL)$20.58-2.00%
  • tronTRON(TRX)$0.075560-0.68%
  • polkadotPolkadot(DOT)$5.29-2.51%
  • litecoinLitecoin(LTC)$89.14-2.47%
  • binance-usdBinance USD(BUSD)$1.000.12%
  • shiba-inuShiba Inu(SHIB)$0.000008-3.75%
  • avalanche-2Avalanche(AVAX)$14.09-2.63%
  • daiDai(DAI)$1.000.04%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,057.00-2.32%
  • uniswapUniswap(UNI)$5.06-1.34%
  • chainlinkChainlink(LINK)$6.47-1.42%
  • leo-tokenLEO Token(LEO)$3.51-0.10%
  • cosmosCosmos Hub(ATOM)$10.51-2.58%
  • ToncoinToncoin(TON)$1.850.09%
  • okbOKB(OKB)$45.31-3.78%
  • moneroMonero(XMR)$149.26-2.46%
  • ethereum-classicEthereum Classic(ETC)$17.97-1.51%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0905121.71%
  • bitcoin-cashBitcoin Cash(BCH)$112.80-1.45%
  • internet-computerInternet Computer(ICP)$4.68-3.27%
  • true-usdTrueUSD(TUSD)$1.00-0.12%
  • filecoinFilecoin(FIL)$4.66-2.33%
  • lido-daoLido DAO(LDO)$2.08-5.10%
  • quant-networkQuant(QNT)$116.412.41%
  • AptosAptos(APT)$8.31-1.36%
  • hedera-hashgraphHedera(HBAR)$0.051430-3.16%
  • crypto-com-chainCronos(CRO)$0.059659-0.84%
  • vechainVeChain(VET)$0.020466-1.09%
  • ArbitrumArbitrum(ARB)$1.16-5.41%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.57-3.04%
  • the-graphThe Graph(GRT)$0.1341984.10%
  • apecoinApeCoin(APE)$3.14-1.91%
  • algorandAlgorand(ALGO)$0.147781-2.46%
  • paxos-standardPax Dollar(USDP)$1.00-0.24%
  • fraxFrax(FRAX)$1.00-0.04%
  • EdgecoinEdgecoin(EDGT)$1.000.50%
  • the-sandboxThe Sandbox(SAND)$0.53-2.69%