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DOGEUSD

Dogecoin / US Dollar

https://dogecoin.com/

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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Elon Musk, CEO of Tesla and SpaceX, discussed Bitcoin during an X Space event, expressing openness to using Bitcoin on X but maintaining a passive stance towards it. He compared Bitcoin to gold and noted it's not suitable for payments. Musk revealed personal holdings in Dogecoin and SpaceX's investment in Bitcoin. The SEC approved the ARK 21Shares Bitcoin ETF, which will start trading with a reduced expense ratio and a fee waiver incentive. Musk also commented on Dogecoin in response to the SEC's tweet about Bitcoin Spot ETFs. Bitcoin's value rose to $47,500 following the news.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 4:52 am

The SEC approved Bitcoin ETFs, leading to a surge in major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The approval follows a court ruling against the SEC's previous rejection of Grayscale's spot ETF proposal. The market anticipates further growth in cryptocurrencies, with predictions of Bitcoin reaching $100K. The overall crypto market cap stands at $1.70 trillion, with a slight decrease in the past 24 hours. Stocks closed higher as investors await inflation data and earnings reports.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 2:52 am

The SEC has approved several spot Bitcoin ETF applications, including those from Grayscale, Bitwise, Hashdex, iShares, Valkyrie, ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity Wise Origin, and Franklin. This decision has led to volatility in crypto markets and mixed reactions in crypto-related stocks. Bitcoin miners Marathon Digital Holdings and Riot Platforms saw initial drops but stabilized, while Coinbase and MicroStrategy traded slightly higher.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 10:23 pm

Shiba Inu (CRYPTO: SHIB) has seen a 27,500% increase in its token burn rate, with 9 billion SHIB tokens removed from circulation. Shibburn reported two entities transferred 9.5 billion and 30 million SHIB to a 'dead wallet'. IntoTheBlock noted a 1,300% rise in large SHIB transactions by whales. Shiba Inu's lead developer announced plans to apply for the .shib TLD to expand its domain use. SHIB's price is slightly down by 1.16% at $0.0000094.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 12:38 pm

A rumor about the death of Kabuso, the Shiba Inu mascot of Dogecoin (CRYPTO: DOGE), caused a 9% spike in DOGE's price to $0.83, followed by $2.4M in liquidations when the rumor was debunked. Dogecoin, a meme-based cryptocurrency, has a significant market cap of over $11 billion. The rumor's impact was short-lived as the social media post was revealed to be fake.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 7:48 am

Elon Musk humorously responded to the SEC's Twitter account hack with a Dogecoin meme, joking that 'LFGDogeToTheMoon' was the SEC's password. The SEC's account had erroneously tweeted approval of Bitcoin ETFs, which was later corrected. Musk's comment comes after a period of silence on Dogecoin, and despite his statement in December that he doesn't spend much time thinking about cryptocurrencies. Dogecoin's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:55 am

Major cryptocurrencies experienced significant price fluctuations after a fake tweet from the SEC's compromised account falsely indicated the approval of a spot Bitcoin ETF. Bitcoin surged to $47,900 but then dropped to $45,000 upon the news being debunked. Over $214 million in crypto positions were liquidated in 24 hours. The global crypto market cap increased by 5.29%. The S&P 500 and Nasdaq saw minor movements. Analysts warn of potential fakeout rallies and corrections for Bitcoin, with a focus on upcoming inflation reports for further market direction.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:30 am

Dogecoin (DOGE) experienced significant whale activity with a transfer of nearly 1 billion tokens to an unknown wallet, coinciding with news of Dogecoin's planned lunar surface landing on Feb. 23, 2024. The event has sparked speculation about a potential price surge for DOGE. Despite this, Dogecoin's price has fallen over the past week and month, contrasting with a 30% rally in Bonk (BONK) on Jan. 8.

Portfolio Pulse from Khyathi Dalal

January 09, 2024 | 10:47 pm

Cryptocurrency analyst Crypto Tony predicts a 40% surge in the price of FLOKI (CRYPTO: FLOKI), following a 14% bounce from key support levels. The positive outlook is supported by the meme coin's accumulation pattern and the broader 'meme run' in the market, with Dogecoin (CRYPTO: DOGE) also experiencing a rise. FLOKI's price could reach new highs if it surpasses the $0.000060 threshold, with Dogecoin's recent performance to $0.10 adding to the bullish sentiment. FLOKI was trading up 7% at $0.00002977 at the time of the report.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 1:09 pm

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.