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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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Crypto analyst Crypto Tony predicts that Dogecoin (DOGE) will rally only if there is sufficient demand from the bulls, with a crucial support level identified at $0.06. He also mentioned that Bitcoin (BTC) is holding at a low of $27,000 and he remains long for the time being. DOGE is expected to reach levels around $0.17 before April 2024, indicating an increase of approximately 170%.

Portfolio Pulse from Mehab Qureshi

October 04, 2023 | 12:47 pm

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have experienced a significant decline due to concerns over higher interest rates potentially pushing the economy into a recession. The U.S. dollar continues to strengthen, intensifying risk aversion sentiments. The trial against former FTX CEO Sam Bankman-Fried has begun, following the company's controversial collapse last year. U.S. regulators have opposed Coinbase Inc.’s plea to dismiss the securities law violation it is accused of. Stocks also experienced a significant decline on Tuesday, triggered by a surge in Treasury yields.

Portfolio Pulse from Mehab Qureshi

October 04, 2023 | 2:26 am

Honda Motor Co Ltd. has expanded its payment options to include around 46 cryptocurrencies, in partnership with blockchain payment system, FCF Pay. This move comes as Japan sees a rise in crypto funding for startups and the country's ruling Liberal Democratic Party's Web3 project team releases proposals to expand the Web3 industry. Honda also unveiled a new limited edition NFT at the Formula One Honda & Red Bull welcome event in Tokyo.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 9:57 pm

Shiba Inu (CRYPTO: SHIB), a meme-based cryptocurrency, plunged 4% in value within the last 24 hours due to a significant drop in the SHIB burn rate. Over $250,000 worth of SHIB was liquidated in the past 24 hours, with $249,750 being associated with long positions. Despite the drop in value, the trading volume of SHIB saw a 15% increase, reaching $112.8 million on Tuesday.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 7:08 am

Baby Doge (CRYPTO: BABYDOGE) experienced a 5% surge in value within the last 24 hours, outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The price increase is attributed to a significant burn event of over $5 million worth of Baby Doge tokens and the upcoming listing of Baby Doge on GroveXchange. Elon Musk's tweet also played a role in boosting meme-related cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 5:00 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have seen a drop in value as the U.S. 10-year yield surged to its highest level in over 16 years. The yield increase was driven by unexpectedly robust manufacturing data, indicating the strength of the U.S. economy and the possibility of more rate hikes in the future. Meanwhile, the global crypto market capitalization stands at $1.12 trillion, a 3.16% increase in the last day. The US stock market also witnessed a rise as legislators reached a short-term agreement, avoiding a government shutdown.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 2:30 am

Several Hollywood celebrities have shown interest in Bitcoin and other cryptocurrencies, with some even launching their own crypto-related ventures. This trend is expected to be a key topic at the upcoming Benzinga's Future of Digital Assets conference. However, celebrity involvement in cryptocurrencies can also introduce volatility, as seen with Elon Musk's influence on Dogecoin.

Portfolio Pulse from Murtuza Merchant

October 02, 2023 | 3:38 pm

A 35-year-old former supermarket warehouse manager, Rob, retired early after his $8,000 investment in Shiba Inu (CRYPTO: SHIB) reaped him $500,000. Rob invested in SHIB in 2021 and saw the coin's price skyrocket 1,200 times higher than its value in February. He withdrew $500,000 worth of SHIB coins and transferred the sum to his bank account. If he had held onto his SHIB holdings, his investment would have ballooned to approximately $3.36 million.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 12:04 pm

Elon Musk, CEO of Tesla, tweeted 'Dogs rock', causing a surge in the value of Dogecoin, Shiba Inu, and Floki cryptocurrencies. The coins increased by 2.89%, 2.48%, and 5.12% respectively over a 24-hour period. Musk's tweet received over 3.2 million impressions in the last hour.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 3:29 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant increase in value, with over $100 million liquidated due to a surprise surge in Bitcoin's price. This coincides with the start of 'Uptober', a term used to describe the typically bullish trend of cryptocurrencies during October. The potential approval of a spot Bitcoin ETF by the SEC has also raised optimism in the crypto market. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 2:44 am

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