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DOGEUSD

Dogecoin / US Dollar

Industry

Digital Currency

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. Launched in December 2013, Dogecoin has the image of a Shiba Inu dog as its logo.

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Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced declines amid rising outflows from Grayscale's GBTC. BlackRock's IBIT and Fidelity's FBTC spot Bitcoin ETFs attracted over $1 billion in AUM each, post-launch. FTX offloaded its entire GBTC stake valued at nearly $1 billion. The global cryptocurrency market cap decreased by 1.59%. The S&P 500 and Nasdaq Composite hit record highs. Analysts predict Ethereum may outperform Bitcoin, and Bitcoin's price movements are influenced by ETF flows around the US market open.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 3:03 am

Dogecoin (DOGE) and Floki (FLOKI) saw a 12% increase in market activity over the weekend, with trading volumes soaring by 200%. Dogecoin developer Paulo Vidal emphasized Dogecoin's commitment to financial freedom and changing the financial system, highlighting projects aimed at global financial inclusion. The surge in dog-themed tokens is attributed to expectations of growing adoption, spurred by an @xpayments profile on X (formerly Twitter) and Elon Musk's hints at integrating DOGE for payments. Tesla (TSLA) already accepts DOGE for merchandise purchases, and Musk suggested DOGE for Twitter Blue payments.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 3:26 pm

Dogecoin (CRYPTO: DOGE) has seen a price drop of 5.09% in the last 24 hours, descending to $0.08 despite a 4.0% increase over the past week. The trading volume surged by 77.0%, and the circulating supply rose by 0.46% to 142.76 billion. Dogecoin's market cap is currently ranked #10, valued at $11.96 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 3:03 pm

Dogecoin (DOGE) experienced a surge of over 10% following buzz around a payment feature on Elon Musk's 'everything app' X. A verified account for X Payments has been created, fueling rumors that DOGE will be used as a universal payment method on the platform. Analyst Johnny predicts DOGE could reach $0.10, while Peppe has added DOGE to his portfolio due to these speculations. Interest in similar coins like FLOKI is also expected to rise, with FLOKI's market value increasing from $266 million to $300 million. Despite the excitement, Dogecoin's price fell 4%, with significant liquidations occurring.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 12:07 pm

At the World Economic Forum in Davos, a panel called for more precise crypto regulation and questioned the utility of meme coins like Dogecoin. Ripple CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility, while Dogecoin co-founder Shibetoshi Nakamoto defended it, comparing its fundamentals to Bitcoin. Dogecoin's price surged by 10% after the introduction of a specialized payment account, despite trading down 1.12% at the time of writing.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 7:46 am

Dogecoin (DOGE) experienced a significant rally over the weekend, with its price jumping over 10% from $0.078 to $0.090, driven by excitement over a new 'X payments' system. However, the rally has since paused, with DOGE's price dropping by 4% to $0.083. The downturn coincided with $2.65 million worth of Dogecoin long positions being liquidated. The market cap of Dogecoin has risen to approximately $11.8 billion. Speculation is growing that the tech billionaire behind the 'X payments' system may enter the blockchain payment services sector, which could be related to Elon Musk's known support for Dogecoin.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 5:25 am

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw declines as Google search interest for 'Bitcoin ETF' dropped significantly. Bitcoin ETF interest peaked on January 10 but fell to less than 8 by January 22. The global cryptocurrency market cap decreased by 3.45% to $1.62 trillion. Stock futures were stable, with minimal movement on Sunday evening. Analysts predict a consolidative period for cryptocurrencies, with potential for the total market cap to push towards $2.1 trillion through altcoins. Bitcoin may drop below $40,000 before the April halving, but recent bullish signals suggest a possible rebound.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 3:00 am

Over the weekend, Dogecoin (CRYPTO: DOGE) experienced a significant rally, with a 9.82% increase to $0.087093 on Sunday. The cryptocurrency has been consolidating mostly under $0.10 since peaking in May 2021. The recent surge is speculated to be influenced by Elon Musk's potential move into blockchain-based payments, as indicated by a new account on the social media platform X, owned by Musk. Musk has previously shown a preference for Dogecoin over Bitcoin (CRYPTO: BTC).

Portfolio Pulse from Shanthi Rexaline

January 21, 2024 | 1:25 pm

This week in crypto saw Shiba Inu's whale transaction volume surge by 551.4%, despite a 4.3% dip in its price. Over $200 million in long crypto positions were liquidated, with Bitcoin and Ethereum taking significant hits. Donald Trump expressed opposition to Central Bank Digital Currencies (CBDCs), vowing to prevent their creation in the U.S. An analyst predicted Dogecoin could reach $5, a 6000% increase. Edward Snowden commented on JP Morgan CEO's changing Bitcoin stance after SEC approved a Bitcoin ETF.

Portfolio Pulse from Benzinga Neuro

January 20, 2024 | 3:53 pm

The S&P 500, tracked by SPY, hit all-time highs, while the Nasdaq 100, tracked by QQQ, continued its upward trend. Uber and Tesla are partnering to promote EV adoption. Amazon secured sports streaming rights, boosting its Prime Video offerings. Dogecoin's price target is set at $5 by an analyst. Bitcoin faces uncertainty ahead of the halving event. Plug Power's equity offering may not entice investors. PayPal is expected to have a 'transition year' with range-bound stock prices.

Portfolio Pulse from Michael Cohen

January 20, 2024 | 2:26 pm

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