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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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The SEC's approval of 11 spot Bitcoin ETFs, including the Grayscale Spot Bitcoin ETF (GBTC), has provided traditional finance with direct Bitcoin exposure. Bitcoin, Ethereum, and Dogecoin experienced price movements following the approval, with Bitcoin nearing $50,000 before dropping 5%, Ethereum reaching a 20-month high before a 4.5% drop, and Dogecoin continuing a downtrend. The short-term price action for these cryptocurrencies is uncertain, with potential bullish and bearish scenarios outlined based on technical indicators.

Portfolio Pulse from Melanie Schaffer

January 12, 2024 | 7:56 pm

Dogecoin (CRYPTO: DOGE) has seen a 4.13% decrease in price over the last 24 hours, continuing a negative trend from the past week with a 1.0% loss. The volatility of Dogecoin is highlighted by the Bollinger Bands in the provided chart. Trading volume has decreased by 2.0% over the past week, while the circulating supply has slightly decreased by 0.44%, resulting in a current market cap ranking of #11 at $11.62 billion.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 7:02 pm

Crypto analyst Ali Martinez predicts a bullish breakout for Pepe Coin (PEPE) as it exits a bearish channel. PEPE has outperformed other meme coins with a 12% rise over the past week. Martinez also forecasts a potential rally for Solana (SOL) if it sustains above $106, with a possible 47% increase in price. At the time of reporting, PEPE was trading at $0.0000013, while SOL was at $94.38.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 11:19 am

Shiba Inu (CRYPTO: SHIB) saw a 400% increase in token burn rate, with 18 million SHIB tokens removed from circulation. Three anonymous entities burned 16 million SHIB, and Ethereum whales have been accumulating SHIB, with one transaction moving 136.86 billion SHIB worth $1.38 million from Binance to a private wallet. Over the past month, $24.15 million worth of SHIB has been withdrawn from Binance, while SHIB's price increase lags behind Bitcoin and Ethereum.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 9:20 am

Bitcoin ETFs began trading in the U.S., leading to mixed cryptocurrency market movements. Bitcoin surged past $49,000 but then dropped, while Ethereum and Dogecoin saw modest changes. Liquidations in the last 24 hours reached $231.96 million. Ethereum Name Service, Sui, and Tezos were top gainers. The global cryptocurrency market cap increased by 2.21%. U.S. stocks showed little change despite new inflation data. Analysts suggest Bitcoin will stabilize, potentially benefiting Ethereum and altcoins, with a correction expected in March.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 2:36 am

Dogwifhat (CRYPTO: WIF) experienced a 124.5% surge following its listing on ByBit, with trading volume increasing by 445%. The meme coin's market cap nearly quadrupled, positioning it as the fifth-largest meme coin. Analysts suggest Binance and Coinbase could list WIF next. Dogwifhat outperformed other meme coins like Bonk and established tokens such as Dogecoin and Shiba Inu. Daily unique holders of WIF have surpassed 30,000, with whale activity contributing to its initial price movement. An $8.8 million purchase of WIF, now worth $3.1 million, is speculated to be a publicity stunt.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 10:53 pm

Bonk (CRYPTO: BONK), a memecoin rival to Dogecoin, surged 19.5% in the last 24 hours, with a 24-hour trading volume of $592 million. A bullish trader who previously profited from BONK has reinvested, purchasing 3.29 billion BONK with 386 Solana (CRYPTO: SOL). Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw smaller gains. The market is also reacting to the approval of a Spot Bitcoin ETF, and influencers are comparing BONK to Dogecoin on the Solana platform.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 9:00 pm

The SEC has approved applications for spot Bitcoin ETFs, potentially boosting Bitcoin's price. Meanwhile, Congressman Mike Collins has been purchasing Ethereum, with recent trades disclosed in January. Collins' investment activity comes amid scrutiny of Congress members' trading due to potential conflicts of interest. Collins' stance on cryptocurrency was highlighted in a tweet responding to JPMorgan CEO Jamie Dimon's criticism. The approval of Bitcoin ETFs and interest in Ethereum ETFs, such as from the Grayscale Ethereum Trust, could signal increased institutional interest in cryptocurrencies.

Portfolio Pulse from Chris Katje

January 11, 2024 | 5:55 pm

Dogecoin (CRYPTO: DOGE) has seen a significant increase of 13.06% in the past 24 hours, reaching a price of $0.09. Over the last week, DOGE has gained 2.0%, rising from $0.08. The coin's all-time high is $0.73. Trading volume has increased by 37.0% over the past week, while the circulating supply slightly decreased by 0.08%, now standing at 142.61 billion. Dogecoin's market cap is currently ranked #11, valued at $12.47 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:02 pm

The SEC has approved rule changes allowing 11 Bitcoin ETFs to begin trading in the U.S., including Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Bitwise Bitcoin ETF, VanEck Bitcoin Trust, and Fidelity Wise Origin Bitcoin Fund. This news has positively impacted the crypto market, with Bitcoin, Ethereum, and Dogecoin experiencing significant price increases. Crypto-related stocks such as Marathon Digital Holdings, Riot Platforms Inc, MicroStrategy Inc, Coinbase Global Inc, and Robinhood Markets Inc also saw their stock prices rise following the announcement.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 1:47 pm

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