Dogecoin and other dog-themed memecoins rally while crypto market cools off
Quick Take
- Dogecoin was trading at $0.085 on Tuesday morning, up over 10% in the past 24 hours.
- Other dog-themed coins, such as shiba inu and floki inu, have also rallied recently.
Dogecoin is up more than 10% today, while the broader crypto market shows signs of slowing down after a rally last week.
At the time of writing, dogecoin was trading at $0.085, up more than 21% over the past seven days, according to CoinGecko. Tuesday’s price move comes as dog-themed memecoins have rallied over the past week, with some jumping more than 28%.
Shiba inu is up 29.66% over the past week, trading hands for $0.0000157 at the time of writing. Elsewhere baby doge coin is up 19.1% in the same period, while dogelon mars rose a modest 7.9%.
RELATED INDICES
Conversely, the leading cryptocurrencies by market cap, bitcoin and ether, are both down over the past day, -1.1% and –1.7% respectively. Ether had been leading the charge in crypto markets over the past few weeks, gaining over 15% between August 7 and August 14, as traders bidded on the upcoming merge. But that rally appears to have cooled off for now.
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