Dogecoin (CRYPTO: DOGE) was trading 1.6% lower at $0.12 for the 24 hours leading up to early Monday morning.
Dogecoin Price Performance Timeframe % Change (+/-) 24-hrs -1.6% 24-hrs vs. Bitcoin 0.2.% 24-hrs vs. Ethereum 0.5% 7-days 5.6% 30 -days -15.4%YTD Performance
-30.8%See also: How to buy Dogecoin (DOGE)
Why does it move? DOGE fell along with other major coins at press time as the global cryptocurrency market cap fell 2.1% to $1.85 trillion.
DOGE was not one of the most frequently mentioned coins on Twitter at the time of printing, according to Cointrendz data.
DOGE along with other major coins have managed to maintain most of last week’s gains even in an unfavorable environment. However, the apex coin dropping below a key level could cause investors “a lot of pain,” according to cryptocurrency trader Michaël van de Poppe.
According to Melanie Schaffer of Benzinga, DOGE is facing resistance above USD 0.135 and USD 0.146 and support below it at USD 0.106 and USD 0.10.
Dogecoin co-creator Billy Markus told Binance CEO Changpeng Zhao on Sunday that those who don’t understand Dogecoin don’t understand Bitcoin. Markus’ comment came in response to a tweet from the entrepreneur who leads the largest spot exchange in the world in terms of volume.
if you don’t understand #dogecoinyou do not understand #bitcoin https://t.co/6lTilm9AoW
— Shibetoshi Nakamoto (@BillyM2k) March 20, 2022
Dogecoin fan account Mishaboar said there is a “scarcity” of talent working on Dogecoin and urged Twitter followers to “go check out the repository”.
There is still a scarcity of talent to work on #dogecoin† If you have the skills, or want to learn, start by perusing the repository.
Last month, one of the most active core maintainers, Ross, pulled out of development – we need more talent and participation. https://t.co/L74LikwQyD
— Mishaboar (@mishaboar) March 20, 2022
Dogecoin Chatter: Digital Currency Group CEO Barry Silbert compared several cryptocurrencies to music groups, but left a question mark on DOGE. Cryptocurrency twitter obliged him with numerous suggestions ranging from “Twisted Sister” to the “Beatles”.
Doge France, a DOGE-oriented Twitter handler, shared the address of a Minecraft X Doge server on Sunday. Mishaboar spoke of Ross Nicoll’s departure from active development in his position.
Minecraft X Doge. Let’s go! (A big thank you to @nl_dogecoin pour la rapidité d’execution pour la creation de ce serveur!) #dogecoin pic.twitter.com/ZUHFIiHflS
— Doge France (@Doge_France) March 20, 2022
Read Next: Bitcoin Gold, Ethereum Classic Shoot For The Moon: Are People Hunting For ‘Cheaper Alternatives’ To The Big 2 Cryptos?
This post Dogecoin Trades Lower in the New Week: Is the Project Struggling with Talent Shortage? – Dogecoin – US Dollar ($DOGE) was original published at “https://www.benzinga.com/markets/cryptocurrency/22/03/26214272/dogecoin-trades-lower-going-into-new-week-is-the-project-grappling-with-a-lack-of-talent”