Loading article…
Dogecoin trades around $0.07, up 0.3% daily, while co‑founder Billy Markus highlights a 2022 Vegas Loop payment, underscoring utility amid weak weekly trend.
Dogecoin hovered at $0.0706, a 0.3% rise over the past 24 hours, but the token remains trapped in a fragile weekly downtrend as traders watch whether the $0.07 floor can hold amid broader crypto sell‑offs【1】.
| At a glance | |
|---|---|
| Price | $0.0706 |
| 24h change | +0.3% |
| Key level | $0.07 support |
| Catalyst | Billy Markus’ Vegas Loop memory post |
Co‑founder Billy Markus, posting as “Shibetoshi Nakamoto” on X, replied to iTrustCapital’s prompt by noting he once bought a ride on the Vegas Loop with Dogecoin—a payment option enabled by The Boring Company’s 2022 decision to accept DOGE via BitPay【1】. At launch, a single ride cost roughly $1.50 and a day pass $2.50, a price point Elon Musk publicly supported【1】. Markus’ anecdote spotlights the token’s occasional merchant acceptance, a narrative that contrasts with the prevailing market weakness.
The price move occurred as the Senate delayed further consideration of the Clarity Act ahead of the August recess, while crypto markets suffered roughly $604 million in liquidations during a sharp sell‑off【1】. Futures open interest has contracted, indicating leveraged longs are exiting the market and adding pressure to spot DOGE【1】. The token’s session low of $0.0693 suggests sellers are testing the $0.07 support; a break below could open the $0.064‑$0.068 range, whereas a decisive hold may allow a bounce toward $0.08【1】. The prior $0.40 VWAP support is no longer relevant, and analysts now watch for a recovery above $0.08 as a precondition for targeting $0.10【1】.
Dogecoin’s market cap sits near $10 billion, meaning a 10× rally from current levels would require a full‑cycle bull market and sustained retail inflows【1】. The utility story, reinforced by Markus’ recall, remains stronger than the chart’s technical weakness, but macro‑risk factors and regulatory uncertainty keep momentum cautious.
Dogecoin’s price stability hinges on whether the $0.07 floor can repel selling pressure while the community seeks fresh utility signals to break the current consolidation range.
Coverage is mostly measured — 199 of 202 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 4, 2026 · How we report
Bitwise is closing the Dogecoin ETF because the fund attracted only about $700,000 in assets and recorded $1.23 million in net outflows as of September 2026. The asset manager stated the liquidation is part of an effort to optimize its product lineup to meet evolving investor needs.
Dogecoin on Solana is not native Dogecoin, but rather a redeemable representation issued on the Solana blockchain. Users must rely on third-party signers and a multi-signature arrangement on the Dogecoin blockchain to back these tokens, which introduces custody and redemption risks.
As of September 2026, the technical outlook for Dogecoin is bearish, with the price trading below key moving averages and momentum indicators showing weakness. While some traders look for a potential breakout to signal broader altcoin market improvement, others note that Dogecoin faces downside risk following the Bitwise ETF liquidation announcement.