Dogecoin DOGE/USD traded 2.05% lower at $0.06 over 24 hours leading up to the early hours of Wednesday.
DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 1.5% to $873.1 billion at press time.
YTD performance
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Cryptocurrencies, including DOGE, continued to bleed ahead of key inflation data to be released on Wednesday.
“The June inflation report will be a scorcher and help cement market expectations that the Fed will deliver another massive rate hike at the Fed policy meeting at the end of the month,” said Edward Moya, a senior market analyst at OANDA.
Dogecoin co-creator Billy Markus said Tuesday that non fungible tokens or NFTs should embrace being “useless” collectibles instead of trying to morph into “useful investment opportunities.” Markus said he likes collectibles, but it is the investment vehicle label that makes stuff boring.
Dogecoin’s official handle tagged Twitter Inc TWTR in a post and asked the social media company when Dogecoin tips would be coming to the platform. Twitter already allows its users to tip in Bitcoin and Ethereum, but such functionality doesn’t officially exist for DOGE yet.
Hey @Twitter, Wen $DogeTips?
In the meantime, we have two options available to tip your friends & favorite content creators on Twitter! Check out @SoDogeTip and @MyDogeTip for information on how you can send and receive tips with #Dogecoin #TippingTuesday pic.twitter.com/uW3A29UZTR
Markus took a dig at Galaxy Digital CEO Michael Novogratz and his Terra (LUNA) tattoo. He tweeted, “protip: don’t get crypto or NFT tattoos.”
protip: don’t get crypto or NFT tattoos
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