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Dogecoin Flat To Start Year

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Dogecoin Flat To Start Year

B
Benzinga

24 Views • Jan 03, 2022

Description

On New Year’s Day, market analyst Christopher Vecchio said Dogecoin was unlikely to rally in 2022 and that he would be surprised if either Dogecoin or Shiba Inu “have a good year unless someone like Elon Musk is pumping them on Twitter ($TWTR@US).” Across the board, the hotly-anticipated year-end crypto bull market, often termed a Santa Rally, did not materialize in 2021 in part because the market was anticipating the delayed enforcement of China’s cryptocurrency ban to play out. Over the last 30 days, DOGE has risen 7% but has declined about 30% over 90 days. DOGE traded in the red at press time. Despite its current woes, DOGE was the fourth most mentioned cryptocurrency on Twitter, competing for attention with Bitcoin, Ethereum, and DOGE-rival Shiba Inu. On Reddit, DOGE’s popularity outstripped Bitcoin’s in 2021. The most upvoted posts on Reddit last year were about DOGE. Part of DOGE’s popularity revolves around its use cases, with the most recent being TeamSeas’ fundraising campaign to raise $30 million to remove 30 million pounds of trash littering the world’s water bodies.

Keywords & Tags

#bitcoin #crypto #cryptocurrency #nft #non-fungible token #finance #ethereum #inflation #business #crypto news #dogecoin #doge #blockchain #tech #Twitter #Elon Musk #altcoins #Shiba Inu #economic recovery #digital asset #crypto broker #crypto mining #economic growth #virtual currency #economic outlook #Trades Flat #Christopher Vecchio #crypto bull market #Santa Rally #China’s crypto ban #DOGE-rival #TeamSeas’ fundraising campaign

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