Dogecoin Trades Below Key Averages as Post Revives a CZ Remark

Dogecoin traded at $0.08010 early Oct. 17, below its 50-day and 200-day averages, as a social media post revived a description attributed to Binance founder Changpeng Zhao. At 4:53 a.m. ET (08:53 UTC) on Oct. 17, DOGE was down 2.20% over 24 hours. Its 50-day simple moving average was $0.08827, and its 200-day average was $0.08737. An Oct. 16 social media post attributed this description to Zhao: “Dogecoin is probably the most successful and measurable joke in human history.” An earlier quote attributed to Zhao described Dogecoin as “probably and measurably the most successful joke in history, with a current market cap of over $7bn.” The earlier comment came during a discussion of Dogecoin’s meme origins and social media’s role in its price activity.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.