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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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The cryptocurrency market saw a strong rebound with Bitcoin nearing an 18-month high, surpassing $37,000, after a brief drop below $35,000. Ethereum and Dogecoin also posted gains. Over $110 million in short liquidations occurred as a result, with $51 million in BTC shorts and $16 million in ETH shorts liquidated. The S&P 500, Nasdaq, and Dow Jones also rose, while the 10-year U.S. Treasury yield increased. Analysts suggest BTC and ETH could become part of 401k retirement plans, indicating a bullish long-term outlook despite short-term volatility.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 2:50 am

Crypto analyst Crypto Tony suggested that Dogecoin (DOGE) may be on the verge of a major rally based on technical indicators showing a breakout from a downtrend and accumulation patterns. A chart shows DOGE overcoming a descending trend line, indicating a potential reversal. The analyst recommends a long trading strategy with entry at $0.065 - $0.067 and exit at the recent high near $0.08, with a possible extended target of $0.09. The attention on meme coins like DOGE and FLOKI is growing, with predictions of a 'mega pump' due to technical patterns.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 12:16 pm

Despite positive U.S. inflation data suggesting a supportive environment for risk assets, cryptocurrencies including Bitcoin, Ethereum, and Dogecoin declined. The U.S. CPI data showed a year-over-year increase of 3.2%, with the core rate above 4%. The stock market surged with the Dow Jones, S&P 500, and Nasdaq posting significant gains. Analysts noted Bitcoin is seeking support and may strengthen, while over 15 Bitcoin whales have sold or redistributed holdings as prices rose. Ethereum's fees have increased with its price surge but remain lower than May's average levels.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 3:09 am

Shiba Inu (CRYPTO: SHIB) experienced volatility, briefly trading flat before falling over 4% after a hoax regarding the iShares XRP Trust registration. It traded in tandem with Dogecoin (CRYPTO: DOGE), which also fell over 4%. Despite the pullback, Shiba Inu maintains its uptrend, indicated by higher highs and higher lows on the chart. The crypto recently crossed above the 200-day SMA, suggesting a long-term uptrend. Resistance and support levels were identified for Shiba Inu.

Portfolio Pulse from Melanie Schaffer

November 14, 2023 | 9:13 pm

Dogecoin (CRYPTO: DOGE) has seen a 7.43% price drop in the last 24 hours, continuing a weekly decline of 1.0%. The volatility is highlighted by the Bollinger Bands in the provided chart. Trading volume has decreased by 17.0%, while the circulating supply increased by 0.35%, reaching 141.83 billion. Dogecoin's market cap is currently ranked #10, valued at $10.20 billion.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 7:00 pm

IntoTheBlock data reveals that 57% of Dogecoin (DOGE) holders are in profit, compared to only 25% of Shiba Inu (SHIB) holders. While 71% of SHIB investors are at a loss, only 39% of DOGE investors are in the same position. Both cryptocurrencies show strong investor loyalty, with over 72% holding for more than a year. SHIB has seen higher transactional value in significant trades, suggesting potential growth. Dogecoin's community remains stable, and its market is more Western-centric, possibly influenced by figures like Elon Musk.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 11:21 am

The meme cryptocurrency MEME has seen a 50% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), which fell by 2-4%. MEME's market cap rose to $288 million, and its trading volume surged by over 780%. Despite having no utility or roadmap, MEME's success is partly due to its association with the Memeland Group and 9GAG. The token is not intended for use as a payment method, and its white paper includes a disclaimer to this effect.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 5:30 am

The cryptocurrency market experienced a downturn after a fake filing for an iShares XRP Trust by BlackRock Inc was revealed. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw declines, with XRP initially surging 10% before the hoax was confirmed. BlackRock confirmed the filing was false, and the market reacted negatively. Analysts predict Bitcoin's next big target to be $50K, despite the current volatility.

Portfolio Pulse from Mehab Qureshi

November 14, 2023 | 2:41 am

Market analysts are predicting a 'mega pump' for meme coins Dogecoin (DOGE) and FLOKI, with technical patterns indicating potential price increases. Crypto Tony sees FLOKI reaching a resistance level of $0.000035 and DOGE potentially hitting $0.085. Crypto Rover targets a $0.082 price for DOGE. Rekt Capital also confirms bullish predictions for DOGE.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 11:34 am

MEME Coin (CRYPTO: MEME) surged 10% outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) amid reports of a potential airdrop frenzy. On-chain analytics firm Lookonchain reported 2.35 billion MEME tokens requested, worth about $52.4 million. High-profile cryptocurrency whales are among the requesters. MEME's price spiked after being listed on Binance, despite the project's white paper stating it's not intended for use as a payment method. The Memeland Group, associated with 9GAG, is behind the MEME project.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 7:21 am

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