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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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Cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw gains on Tuesday evening. Analysts weigh the impact of spot ETFs on Bitcoin, predicting a potential rejection at $46K and a correction below $40K. Grayscale Bitcoin Trust transferred 8,730 Bitcoin to Coinbase Prime, hinting at possible sales due to its share price decline. The global cryptocurrency market cap increased slightly, while the S&P 500 and Nasdaq Composite saw declines. Investors await December retail sales data, which could impact economic growth perceptions. Ethereum's price dominance over Bitcoin has grown, with a significant increase in new ETH addresses and a decrease in supply on exchanges.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 2:50 am

Toshi, a memecoin named after Coinbase co-founder's cat and Satoshi Nakamoto, is gaining attention in the crypto community. It's integrated with the Base blockchain, supported by Coinbase, and aims to be more than a meme by developing Toshi Tools for DeFi within Base's ecosystem. Traders are optimistic, with predictions of Coinbase stock reaching new highs and Toshi benefiting from Base's growth. The future of Toshi is uncertain, but its potential in meme culture and DeFi is notable.

Portfolio Pulse from Murtuza Merchant

January 16, 2024 | 11:35 pm

Dogecoin (DOGE) is experiencing significant whale activity and a surge in daily active addresses, suggesting a potential big move. A transfer of 990 million DOGE ($79.8 million) occurred between unknown wallets. Daily active addresses peaked at 250,289 on Dec. 19, a substantial increase. Dogecoin's liquidity ranking is fourth among the top 50 crypto assets. Elon Musk's AI chatbot Grok on platform X endorsed Dogecoin for Twitter use, citing Musk's support and the active Dogecoin community. Despite recent stability, Dogecoin may be poised for a price move, with a potential rally to $0.10 predicted by a crypto analyst.

Portfolio Pulse from Khyathi Dalal

January 16, 2024 | 5:11 pm

An anonymous trader, RockeFeller.eth, turned $5,000 into $1.8 million in one month by trading dogwifhat (WIF), a memecoin on Solana. WIF's market cap soared to over $300 million. The trader's success story follows a similar event where another trader profited $4.4 million from Bonk (BONK), also on Solana. WIF experienced a 600% increase in value, challenging other dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The future of WIF as a leading memecoin is uncertain, but the trend of dog-related memecoins gaining rapid valuations on Solana continues.

Portfolio Pulse from Ivan Crnogatić

January 16, 2024 | 2:41 pm

Shiba Inu (CRYPTO: SHIB) experienced a 1600% increase in its token burn rate, with 88 million tokens sent to a dead wallet in one day. The surge is attributed to three anonymous wallets transferring 83 million SHIB. Concurrently, an Ethereum whale purchased 237.869 billion SHIB, FTX tokens (CRYPTO: FTT), and Ethereum (CRYPTO: ETH), contributing to a collective acquisition of 5.807 trillion SHIB by five addresses. Meanwhile, Shiba Inu's daily transaction count has significantly decreased from 7 million in December 2023 to under 2 million in January 2024.

Portfolio Pulse from Mehab Qureshi

January 16, 2024 | 7:17 am

WYNN, a memecoin associated with rapper Drake, has seen a significant increase of 152% in the past 24 hours, reaching a market capitalization of over $40 million. The coin's rapid rise on the Solana platform has outperformed other memecoins and even established cryptocurrencies like Dogecoin and Shiba Inu, which have seen more modest gains. Enthusiasm around WYNN is growing, with investors drawing parallels to previous memecoin rallies, but there is also a cautionary reminder of the potential for sharp price corrections in the memecoin market.

Portfolio Pulse from Ivan Crnogatić

January 15, 2024 | 7:50 pm

Cryptocurrency analysts have identified a buy signal for Dogecoin (DOGE) on its 3-day chart using the TD Sequential indicator, suggesting a potential price reversal. Analyst Ali Martinez highlighted a support cluster at $0.074 and predicted a rally to $0.10 or higher if this level holds. Another analyst noted a bullish pennant pattern, indicating a possible 45-50% rally. This analysis follows the news of a physical Dogecoin token being launched into space aboard ULA's Vulcan Centaur rocket. Currently, DOGE is trading at $0.081, down 1.5% over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 2:06 pm

TokenFi (CRYPTO: TOKEN), a sister token of Floki (CRYPTO: FLOKI), surged 33% in the past week, outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). BlackRock CEO Larry Fink's comments on the potential of tokenization and the approval of spot Bitcoin ETFs by the SEC have been linked to the positive sentiment around TokenFi. Fink's belief in Ethereum-based ETFs as a step towards tokenization has been echoed by Floki Core contributor B Da Viking, emphasizing the importance of tokenization in the future of finance.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 9:59 am

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw a decline after the initial excitement over Bitcoin ETFs faded. Bitcoin had spiked to $49,000 but later dropped, while Ethereum and Dogecoin also experienced decreases. The global cryptocurrency market cap increased slightly. U.S. stocks had a mixed performance, with the S&P 500 and Nasdaq Composite seeing marginal gains. The market is closed on Monday for Martin Luther King Day. Analysts suggest Bitcoin may consolidate, and altcoins could flourish, with Ethereum potentially becoming the next asset on a spot market ETF.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 2:41 am

WYNN, a meme cryptocurrency, has seen a significant increase in mentions and popularity, partly due to a tweet from a crypto influencer featuring a Drake-related meme. The token's market capitalization surged 500% in two days, raising questions about the potential for a new meme coin era. While WYNN's rise is notable, it remains uncertain if it will challenge established meme coins like Dogecoin and Shiba Inu. Celebrity influence, as seen with Drake's indirect endorsement, continues to play a significant role in the crypto market.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 9:33 pm

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