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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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Elon Musk, a prominent supporter of Dogecoin, stated in an interview with Ark Funds CEO Cathie Wood that he doesn't spend much time thinking about cryptocurrency. Musk was asked about Bitcoin, which he discussed less than other topics. Cathie Wood emphasized the importance of rules-based cryptocurrencies like Bitcoin. Musk's comments are significant as Tesla Inc. previously added Bitcoin to its balance sheet, a move that validated the cryptocurrency. Musk also mentioned that X has obtained financial payment licenses in over half the states, with a goal to secure all states by mid-2024.

Portfolio Pulse from Chris Katje

December 22, 2023 | 12:34 am

Elon Musk, in a conversation with Cathie Wood, indicated that his company X (formerly Twitter) could obtain the necessary state licenses for financial payments by mid-2024. Musk mentioned that X is awaiting final transmitter licenses, with approvals from New York and California being crucial. This development could position X as a super app and put it in competition with online payment companies like PayPal Holdings (NASDAQ:PYPL). Musk also noted that cryptocurrencies like Dogecoin (CRYPTO:DOGE) could be used for payments on X, although X will not offer its own coin.

Portfolio Pulse from Chris Katje

December 21, 2023 | 11:20 pm

Alex Lewis, CTO of MyDoge Wallet, discussed the potential for Dogecoin (DOGE) payments on Elon Musk's X platform. X has applied for licenses to become a custodial service and received a CTL from Rhode Island, indicating progress towards crypto payments. Musk has shown interest in integrating Dogecoin into X, but no formal announcement has been made. DOGE's price was slightly up at the time of reporting.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 5:00 am

Shiba Inu (CRYPTO: SHIB) experienced a dramatic 28,350% increase in its burn rate with over 6.3 million SHIB tokens sent to a dead wallet. This follows a partnership with D3 Global to acquire the .shib domain, aiming to boost global adoption. SHIB's price rose 1.76% to $0.000010.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 3:59 am

The cryptocurrency market showed mixed results as Bitcoin, Ethereum, and Dogecoin experienced varied trading performances. A meeting between BlackRock, Nasdaq, and the SEC discussed the potential listing of a spot bitcoin ETF on Nasdaq. Meanwhile, the stock market declined with the S&P 500 and Nasdaq Composite both falling. Analysts predict Bitcoin could reach $160,000 by 2024 due to factors like ETF demand, the halving event, and macroeconomic conditions. On-chain data indicates a bullish trend for Bitcoin with the potential to surpass $45,000.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 3:02 am

The Powerball jackpot has reached $572 million, and the article suggests 10 ways to invest or spend the winnings, including buying shares of the SPDR S&P 500 ETF Trust (SPY), cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH), stocks of companies like Apple (AAPL), Berkshire Hathaway (BRK), Microsoft (MSFT), Alphabet (GOOG/GOOGL), Amazon (AMZN), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), or investing in the Roundhill Magnificent Seven ETF (MAGS). Other suggestions include purchasing Tesla Cybertrucks, real estate, a minority stake in sports teams, gold, or a superyacht.

Portfolio Pulse from Chris Katje

December 21, 2023 | 12:10 am

Dogecoin (CRYPTO: DOGE) has seen a 3.37% increase in price over the last 24 hours, reaching $0.09, despite a 0.0% loss over the past week. The coin's all-time high is $0.73. Trading volume has decreased by 25.0% over the past week, and the circulating supply has slightly decreased by 0.1% to 142.31 billion. Dogecoin's market cap is currently ranked #11 at $13.23 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:01 pm

In 2021, Tesla Inc. purchased $1.5 billion in Bitcoin, which led to an immediate price increase. Tesla later sold a significant portion of its Bitcoin holdings, but still retains $184 million in 'digital assets.' If an investor had put $1,000 into Bitcoin at the time of Tesla's purchase, it would be worth $943.74 today, a 5.6% decline. In comparison, the same investment in the SPDR S&P 500 ETF Trust would have grown by 21.5%, while an investment in Tesla stock would have decreased by 11.6%. Bitcoin's all-time high was in November 2021, when the $1,000 investment would have been worth $1,485.86.

Portfolio Pulse from Chris Katje

December 20, 2023 | 6:43 pm

A trader turned a $454 investment in Coq Inu (COQ), a meme coin on the Avalanche blockchain, into $2.19 million in two weeks. They sold 4.61 trillion COQ for 32,251 AVAX and 259,000 USDC, retaining 250 billion COQ valued at ~$700,000. Coq Inu's market cap is $230 million, with a 900% price surge in a week. Floki Inu (FLOKI) and Baby Doge Coin (BABYDOGE) also showed movement, with FLOKI down 12% and BABYDOGE up 8% in the last two weeks. Investors are cautioned about the speculative nature of meme coins.

Portfolio Pulse from Murtuza Merchant

December 20, 2023 | 6:16 pm

Cryptocurrency analyst Crypto Tony predicted a rally for Dogecoin (DOGE) if it surpasses the $0.106 level. Dogecoin whales have been active, with significant transfers to Coinbase. Galaxy Research suggests DOGE is making a comeback, up 77% from June lows but down 86% from peak highs. Analyst Ali Martinez sees $0.095 as strong support, with potential for DOGE to reach $0.14. Currently, DOGE is trading at $0.90, up 2.60% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 11:49 am

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