Streetbeat News

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

BONK, a meme coin on the Solana network, reached a new all-time high of $0.0000066, outperforming Dogecoin and Shiba Inu with a 24-hour increase of 12% and a 750% increase over the last 30 days. The surge is linked to growing investor interest in Solana and BONK's listing on KuCoin. Solana has climbed to become the sixth-largest cryptocurrency by market cap, despite a significant drop from its all-time high in late 2021.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 3:41 am

Shiba Inu's (CRYPTO: SHIB) burn rate has soared by 40,000% as over 8 billion SHIB tokens were removed from circulation in 9 hours. This surge in token burning aligns with Shibarium's Layer-2 blockchain surpassing 30 million transactions. Despite initial delays, the development of Shibarium continues, aiming for a bug-free ecosystem. SHIB's price has risen by 1% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 3:09 am

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced significant surges amid a weak dollar and anticipation of lower interest rates. Bitcoin's rise is attributed to panic buying and FOMO, with Matrixport noting an increase in bitcoin perpetual futures premium. The global crypto market cap increased by 3.58% to $1.54 trillion. Stocks declined, with the S&P 500 and Nasdaq Composite falling by 0.54% and 0.84%, respectively. Big Tech shares were sold off, while Bitcoin and gold rallied. Investors speculate on a potential Fed interest rate cut despite Chairman Powell's cautioning. Analyst Michael Van de Poppe suggests Bitcoin could reach $47K-$50K pre-spot ETF approval, with altcoins expected to run in Q1 2024.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 2:29 am

Dogecoin (DOGE) has seen a 16.3% increase over the past week, coinciding with broader cryptocurrency market strength. Bitcoin's surge past $40,000, following MicroStrategy's purchase of 16,130 Bitcoins, has positively influenced altcoins, including Dogecoin. The SEC's consideration of a rule change for a Fidelity Ethereum ETF also suggests growing institutional interest in cryptocurrencies, which could further boost altcoin prices like Dogecoin.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 12:10 am

Experts assert that the current crypto market rally is genuine, driven by strong fundamentals and positive market sentiment. Bitcoin is expected to surpass its all-time high by the end of 2024 and hit new records in 2025. Altcoins like Dogecoin, Shiba Inu, Ordi, and Terra Luna are also experiencing significant gains. Projects like Avalanche, Chainlink, and ThorChain have outperformed Bitcoin recently, and new projects like Celestia are predicted to contribute to the largest altcoin market cap in history by 2025. The surge in Bitcoin prices is partly attributed to the anticipation of a spot Bitcoin ETF, with a temporary dip expected post-approval. Market volatility, geopolitical instability, and rising debt levels are also influencing the shift towards cryptocurrencies. However, analysts warn of potential technical hurdles and a strong U.S. macroeconomic backdrop that could affect rate cut expectations.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 7:38 pm

Dogecoin (CRYPTO: DOGE) has seen a 4.1% increase in price over the last 24 hours, reaching $0.09, with a 12% increase over the past week. The coin's all-time high is $0.73. Trading volume has risen by 60% over the past week, while the circulating supply has slightly decreased. Dogecoin's market cap is currently ranked #10 at $12.43 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:00 pm

Elon Musk praised the Community Notes feature on his social media platform, X (formerly Twitter), as the 'best source of truth' after it flagged a post by President Joe Biden about inflation and the economy. The flagged post was shared by DogeDesigner, a graphic designer at Dogecoin. Musk has been a proponent of Community Notes as a tool against misinformation. The feature had previously come under scrutiny for erroneously flagging a video shared by Donald Trump Jr.

Portfolio Pulse from Ananya Gairola

December 04, 2023 | 4:48 am

Bitcoin surpassed the $40,000 mark, with Ethereum and Dogecoin also experiencing price increases. The global cryptocurrency market cap rose to $1.51 trillion. The rally is partly attributed to expectations of a Bitcoin Spot ETF approval by the SEC. Gold prices reached a record high, but Bitcoin's rise was not seen as impressive by gold bull Peter Schiff. Analyst Michaël van de Poppe and market intelligence platform Santiment suggest that FUD and FOMO related to the ETF could influence whether Bitcoin reaches $50K soon.

Portfolio Pulse from Shivdeep Dhaliwal

December 04, 2023 | 2:47 am

Benzinga's weekly review covers bullish and bearish perspectives on stocks like Tesla, GameStop, and Disney, as well as the cryptocurrency Dogecoin. The S&P 500, Dow, and Nasdaq saw gains, while Fed Chair Powell signaled a readiness to adjust policies amid inflation concerns. Tesla's Cybertruck launch is seen as a key event, Dogecoin's ownership is highly concentrated, and GameStop may see a surge. Disney faces a boardroom battle, China's foreign investment dips, and Meta struggles with VR headset sales.

Portfolio Pulse from Michael Cohen

December 02, 2023 | 2:44 pm

Dogecoin (DOGE) is up 7.1% amid a broader crypto market rally, following MicroStrategy's purchase of 16,130 Bitcoins. The SEC's confirmation of Fidelity Investments' Ethereum ETF application also contributes to the positive sentiment in the crypto market, which tends to benefit Dogecoin due to increased investor confidence and potential spillover effects.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 4:31 pm

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.