- Digital meme currency Dogecoin (DOGE) is struggling to replicate the success seen in the first half of 2021.
- Dogecoin’s price is $0.063328, and the 24-hour trading volume is $408,690,831.
- Musk-led “DOGE-1 Mission to the Moon,” which was to be funded by the meme cryptocurrency, is still on track.
On Friday, Dogecoin (DOGE) spikes 4% to trade at $0.0634 following the series of optimistic fundamentals. Cardano, Dogecoin, and Shiba Inu can now be sent and exchanged across over 6,000 ATMs. The release of Coin Cloud’s new noncustodial mobile wallet comes with all the features required to buy, sell, and store digital currencies.
The mobile wallet provides access to over 6,000 Bitcoin ATMs and Digital Currency Machines (DCMs) operated by Coincloud in the United States and Brazil. Customers can send or swap coins, initiate a sell-for-cash procedure that will be completed at a Coin Cloud DCM, and obtain a transaction history with extensive information.
Coin Cloud DCMs Support 40 Cryptocurrencies
Coin Cloud DCMs support Bitcoin and over 40 other cryptocurrencies, including Ethereum, Shiba Inu, Bitcoin Cash, Litecoin, Dogecoin, and various stablecoins and DeFi tokens.
As previously reported, Cardano, Nano, SushiSwap, Algorand, Polygon, OMG Network, and ApeCoin have recently been added.
Your capital is at risk.
Dogecoin (DOGE) Price Review
The current price of Dogecoin is USD 0.063328, and the 24-hour trading volume is $408,690,831. Dogecoin’s price increased by 5.77 percent the day before.
The current market ranking is #10, with an active market cap of $8,401,837,184. The maximum supply is unknown, but there are currently 132,670,764,300 DOGE coins in circulation.
Dogecoin Struggles to Replicate the Success of 2021
DOGE has many supporters, including “Elon Musk,” a well-known businessman and one of the world’s wealthiest people. Dogecoin (DOGE), a cryptocurrency used for everyday purchases, makes cryptocurrencies more usable by allowing faster transfers and lower transaction costs.
The DOGE price has not recovered significantly and remains volatile. That’s despite ongoing support from influential supporters such as Tesla CEO Elon Musk. The reason could be that DOGE price movement correlates with assets such as Bitcoin.
Therefore, the digital meme currency Dogecoin (DOGE) is struggling to replicate the success seen in the first half of 2021. It has a negative impact on the token’s ability to generate profits for investors. However, as of July 14, the number of DOGE holders profiting is equal to the number incurring losses.
US CPI Report Record Figures in 40 Years
On the data front, the Consumer Price Index (CPI) registered 9.1 percent in June. It’s the highest level since 1981, on July 14.
Whereas, the highest CPI reading in more than 40 years caused significant price increases in various cryptocurrencies, including Bitcoin, the world’s largest cryptocurrency.
Mission to the Moon Still on Track: Finbold Says
The Musk-led “DOGE-1 Mission to the Moon,” which was to be funded by the meme cryptocurrency, is still on track, according to Finbold. The price of Dogecoin (DOGE) was expected to rise as the currency advanced, but the current state of the market is depressing it.
On the other hand, the overall DOGE price decline has dampened interest in the meme cryptocurrency. However, the coin has recently gained utility, such as being used in payments.
Despite being neutral regarding profits and losses, Dogecoin (DOGE) attracts much attention from investors. It is worth noting that Dogecoin searches are the most popular among cryptocurrencies in the United States.
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Source: https://insidebitcoins.com/news/coin-cloud-announces-dogecoin-doge-can-be-swapped-at-6000-atms