# Dogecoin holds near $0.07 as co‑founder recalls Vegas Loop ride

**Published:** 2026-08-04T15:46:27.893Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/d745fa56-31c6-4b0e-8a8c-43c14cda17f7

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 |

## Markus’ reminder of real‑world use  
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.

## Market backdrop and technical outlook  
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】.

## Tokenomics and sentiment  
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.

## What to watch  
- **$0.07 support**: A daily close below this level with rising volume could confirm a bearish breakout.  
- **Regulatory timeline**: Any advancement of the Clarity Act before the August recess may lift sentiment.  
- **Future payment integrations**: New merchant acceptance announcements, especially from high‑profile backers, could reignite demand.

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.

## Sources
1. Nigeriacurrently — [Dogecoin Co-Founder Billy Markus Revives Viral Vegas Loop ...](https://nigeriacurrently.com/dogecoin-co-founder-billy-markus-revives-viral-vegas-loop-payment-memory/)
2. Gate — [Dogecoin Co-Founder Billy Markus Revives Vegas Loop Payment ...](https://www.gate.com/news/detail/dogecoin-co-founder-billy-markus-revives-vegas-loop-payment-memory-23051163)
3. Cryptopanic — [Dogecoin Co-Founder Billy Markus Revives Viral Vegas Loop ...](https://cryptopanic.com/news/33118397/Dogecoin-Co-Founder-Billy-Markus-Revives-Viral-Vegas-Loop-Payment-Memory)

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Cite as: TrendWatcher, "Dogecoin holds near $0.07 as co‑founder recalls Vegas Loop ride", https://www.trendwatcher.in/article/d745fa56-31c6-4b0e-8a8c-43c14cda17f7