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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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Shiba Inu's (CRYPTO: SHIB) token burn rate has surged by 5,000% in the last 24 hours, with 2.7 million SHIB tokens burned. Despite this, SHIB's market value dipped by 2%. The Shibarium layer-2 blockchain solution continues to show progress, with over 4 million transactions and 1.2 million wallet addresses. The network's daily transactions are at 16.09K, and earlier in the week, a 47,872% increase in token burns was recorded. Over 40% of SHIB's supply has been burned to date. SHIB is currently trading at $0.0000082, down 1.58%.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 4:36 am

BlackRock Inc (NYSE:BLK) discussed a spot Bitcoin ETF with the SEC and Nasdaq, which could influence Bitcoin's price. Cryptocurrencies showed mixed performance, with Bitcoin at $37,482, Ethereum at $2,061, and Dogecoin at $0.078. Analysts predict Bitcoin could reach $40K, citing post-Thanksgiving retail figures and potential ETF approval as positive indicators. Stock futures dipped slightly, but Wall Street has seen gains over four weeks. Upcoming economic data will be watched for Fed rate hike effects.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 2:50 am

Wall Street saw gains with the Dow Jones, S&P 500, and Nasdaq Composite all rising. The Federal Reserve's minutes indicated no rate hikes for December and potential rate cuts by 2024. S&P Global PMI showed stability in U.S. private sector activity. Bullish views were presented for Amazon (AMZN) and Nvidia (NVDA), with predictions of growth driven by AI. A crypto analyst predicted a significant rally for Dogecoin (DOGE). Bearish news included General Motors (GM) cutting Super Bowl ad spending, potential lawsuits against Netflix (NFLX) for on-set injuries, and a class action lawsuit against Apple (AAPL) for peer-to-peer payment fees.

Portfolio Pulse from Michael Cohen

November 25, 2023 | 3:05 pm

Bitcoin (BTC) and Ethereum (ETH) attempted to break up from an inside bar pattern but faced resistance, while Dogecoin (DOGE) showed strength, holding above Wednesday's range. An inside bar pattern suggests consolidation and is followed by a trend continuation. Bitcoin and Ethereum's consolidation since Nov. 10 has reduced their RSI, indicating potential for a rally with bullish volume. Dogecoin's recent surge suggests a possible trend change, with resistance and support levels identified for all three cryptocurrencies.

Portfolio Pulse from Melanie Schaffer

November 24, 2023 | 9:52 pm

Bitcoin (BTC) surpassed the $38,000 mark, influenced by the potential approval of spot Bitcoin ETFs and Binance's settlement with the U.S. DoJ. Binance, under CEO Changpeng Zhao, agreed to pay $4.3 billion to resolve investigations, avoiding operational disruption and jail for Zhao. The ETF anticipation has increased Bitcoin transaction fees. Other cryptocurrencies like Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), Solana (SOL), and Shiba Inu (ADA) also saw gains.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 5:38 pm

Crypto analyst Ali Martinez has indicated a potential surge in Dogecoin (DOGE) price due to a significant increase in transactions over $100,000, suggesting heightened interest from institutional players and whales. Earlier bullish signals from a breakout on the weekly chart and a buy signal from the TD Sequential indicator support this outlook. Additionally, Santiment reported a shift in dormant Dogecoin tokens and an increase in large-scale DOGE investors, with 121 new wallets holding over 1 million DOGE each.

Portfolio Pulse from Mehab Qureshi

November 24, 2023 | 11:00 am

On the eve of Thanksgiving, Bitcoin, Ethereum, and Dogecoin showed mixed trading results. Binance settled with the DOJ for $4.3 billion, and its former CEO Changpeng Zhao faces a potential 18-month prison sentence. Bitcoin transfers from Binance to Coinbase have increased, with Coinbase reserves up by 12,000 BTC. The global crypto market cap slightly rose. The Federal Reserve's meeting notes suggest continued restrictive monetary policy. Analysts predict a bullish trend for Bitcoin, with a surge above $40,000 seen as 'inevitable' following the Binance settlement and the potential approval of a spot Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

November 24, 2023 | 2:43 am

The article discusses the performance of Bitcoin, Dogecoin, and Ethereum since Thanksgiving 2021, highlighting significant losses for those who invested then. However, it notes that investments made in these cryptocurrencies on Thanksgiving 2022 would have seen a combined increase of 61.5%. It also compares this performance to the SPDR S&P 500 ETF Trust, which would have increased by 12.8% over the same period.

Portfolio Pulse from Chris Katje

November 23, 2023 | 1:46 pm

A crypto analytical firm reported that dormant Dogecoin (DOGE) tokens are becoming active, with 121 new wallets holding over 1 million DOGE each appearing in the past month. This activity is seen as a sign of significant investor interest. Additionally, a crypto trader and analyst, Tony 'The Bull', identified a technical signal that may indicate an upcoming rally for DOGE, referencing a pattern that previously preceded a 23,000% rally. Currently, DOGE is trading at $0.075, up 2.11% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 23, 2023 | 12:03 pm

Netflix Inc. (NASDAQ:NFLX) invested $55 million in a sci-fi series 'Conquest' by filmmaker Carl Erik Rinsch, who is accused of misappropriating at least $11 million for personal trading and purchases. Rinsch gambled away $5.9 million in stocks and made $27 million from Dogecoin (CRYPTO: DOGE), later spending on luxury items. Netflix and Rinsch are engaged in a confidential arbitration, with Rinsch claiming a breach of contract and Netflix denying the claims. The project remains unfinished, and Netflix has ceased funding.

Portfolio Pulse from Ananya Gairola

November 23, 2023 | 6:22 am

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