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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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The cryptocurrency market saw a downturn with $116M in liquidations, affecting Bitcoin, Ethereum, and Dogecoin. Genesis blocked DCG from selling its ownership during bankruptcy proceedings. The S&P 500 and Nasdaq showed gains, with the latter closing above 15,000 for the first time since January 2022. Analyst Michael Van de Poppe predicts Bitcoin will stay in the $38-48K range for 3-6 months, while Jon Najarian suggests a potential Bitcoin ETF approval could lead to a 30% surge in its value. Wallets holding 1 or less BTC have accumulated the most coins ever since November.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 3:09 am

Elon Musk responded to a Dogecoin designer's question about why Meta Platforms Inc. has not faced formal proceedings despite allegations of enabling child sexual abuse on Instagram and Facebook. The EU has launched an investigation into Musk's platform X for potential violations of the Digital Service Act. Musk has previously criticized Meta and its handling of content, and has had a tense relationship with EU Commissioner Thierry Breton, even considering removing X from Europe to avoid regulations.

Portfolio Pulse from Ananya Gairola

December 19, 2023 | 3:23 am

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced price surges following BlackRock's amended S-1 filing with the SEC for a proposed spot Bitcoin ETF with the ticker IBIT. The filing details the fund's creation and redemption process, which will initially be cash-based. Analysts predict Bitcoin could reach new highs, potentially $100,000, especially if a spot market Bitcoin ETF is approved before April 2024's halving event. The global crypto market cap is at $1.56 trillion, and the S&P 500 and Nasdaq continue to rise.

Portfolio Pulse from Mehab Qureshi

December 19, 2023 | 2:59 am

Dogecoin (CRYPTO: DOGE) has seen a 4.03% price drop in the last 24 hours, continuing a weekly downward trend with a 6.0% loss. Trading volume has decreased by 60%, and the circulating supply has slightly declined. Despite the dip, Dogecoin maintains the #11 market cap rank.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

Polygon Labs has ceased development on Polygon Edge, the open-source tool used for Dogechain development, shifting focus to Polygon CDK, a new blockchain framework utilizing zero-knowledge cryptography. This move may impact Dogechain's operations and future, as it relied on Polygon Edge, but many projects are expected to transition to the new Polygon CDK.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 9:12 am

Crypto analysts are predicting a surge for meme coins, particularly Shiba Inu (CRYPTO: SHIB) and Floki (CRYPTO: FLOKI). Crypto Tony highlighted SHIB's momentum and anticipates a 'supreme pump' for FLOKI. Another analyst, MacroCRG, considers FLOKI a 'blue-chip' meme coin with intrinsic value. FLOKI is also launching an aggressive marketing campaign in Hong Kong. Additionally, Ali Martinez suggests a potential breakout for SHIB if it maintains a support level.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 3:35 am

The cryptocurrency market saw a decline on Sunday with Bitcoin, Ethereum, and Dogecoin experiencing drops due to profit-taking. Bitcoin had $860M in net inflows to exchanges, the highest since March, indicating potential selling pressure. Over 72,249 traders were liquidated in the futures market. U.S. stock futures remained stable. Analysts predict a potential end to Bitcoin's upward trend with a shift towards Ethereum, and a parabolic rise for Bitcoin post-halving is anticipated. InternetComputer's market cap doubled in a week.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 2:42 am

Cathie Wood's Ark Invest sold 82,255 shares of Coinbase Global Inc (NASDAQ:COIN) through its ETFs ARKK, ARKW, and ARKF, amidst a crypto market downturn. Bitcoin is predicted to face a downturn, potentially dropping to $38,000. BONK, a Dogecoin rival, saw a 75% price increase and a 140% surge in trading volume. Shiba Inu's supply on exchanges decreased by 0.51%, indicating potential for price gains. Crypto analyst Ali Martinez predicts a bullish breakout for Shiba Inu, with a key resistance at $0.000011.

Portfolio Pulse from Benzinga Neuro

December 17, 2023 | 11:34 am

Crypto analyst Ali Martinez predicts a potential bullish breakout for Shiba Inu (SHIB) if it closes above a key resistance level. However, a rejection could lead to a short-term pullback. SHIB has been in a downward channel since September 2022 and recently saw a significant burn rate increase, outperforming rivals like Dogecoin (DOGE) and Pepe (PEPE). SHIB is currently trading at $0.000010.

Portfolio Pulse from Ananya Gairola

December 16, 2023 | 9:00 am

Bitcoin, Ethereum, and Dogecoin experienced a pullback in their recent rallies, with Bitcoin down 2.2%, Ethereum down 3%, and Dogecoin down nearly 4% before a slight rebound. The crypto sector's retracement comes after a significant surge from September to December. The stock market remained flat, with the S&P 500 showing signs of consolidation. The crypto market's lower moves on declining volume suggest potential consolidation in stocks as well. Bitcoin and Ethereum are forming symmetrical triangle patterns, indicating a possible bullish trend if they break upwards on high volume. Conversely, a break below the lower trend line could signal a new downtrend. Dogecoin is trading sideways, indicating consolidation, with potential for either an uptrend if it regains support or a downtrend if it falls below key support levels.

Portfolio Pulse from Melanie Schaffer

December 15, 2023 | 9:06 pm

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