Dogecoin DOGE/USD traded 1.45% lower at $0.07 over 24 hours leading up to early Friday morning.
DOGE traded lower alongside larger coins as the global cryptocurrency market cap fell 1.7% to $1.15 trillion.
See Also: Best USDC Interest Rates
The recent cryptocurrency rally spurred by the lower July inflation numbers began fading on Thursday evening but traders are hopeful of upward momentum continuing. Amsterdam-based cryptocurrency trader Michaël van de Poppe said the apex coin could touch the $30,000 mark next month, while the second-largest coin could touch the $2,500 level.
DOGE co-creator Billy Markus said that cryptocurrencies are acting as if they were still in 2021. Notably, DOGE shot up a whopping 3559.5% in that year.
crypto acting like it’s 2021 still
Mishaboar, a DOGE-oriented Twitter handle, called upon graphics designers to assist DOGE developer Loladam who is working on a Simplified Payment Verification (SPV) wallet. The wallet is currently only functional via the terminal, according to Mishaboar.
If you are a graphics designer in love with #Dogecoin and Open Source, she is also in need of talent to help come up with a design proposition for the interface of the SPV wallet (which currently only works via Terminal).https://t.co/PyJU33kNQE
SPV wallets aren't resource-intensive and are considered a good match for devices such as smartphones.
Read Next: Ethereum Merge Date Gets Moved Up By 4 Days: Why The Change Is Significant
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visit Benzinga’s Crypto Homepage – 1,000,000+ depend on Benzinga Crypto every month