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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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Major cryptocurrencies traded mixed ahead of the Federal Reserve's policy decision. Trading activity on Binance.US hit a new low in September amid challenges for the crypto exchange. Asset management giant Franklin Templeton is planning to list a spot BTC exchange-traded fund (ETF), and Deutsche Bank is expanding into digital asset custody and tokenization. Analysts suggest that the crypto markets are consolidating, with Bitcoin likely to confirm its direction ahead of the 2024 Halving.

Portfolio Pulse from Mehab Qureshi

September 18, 2023 | 2:59 am

August was the worst month for Bitcoin (BTC) since November 2022, with over $1 billion erased from the crypto market. Bitcoin and Ethereum (ETH) saw a 9.3% and 11% drop respectively in the past 30 days. Venture Capital investments also narrowed by 42.7% in August from July levels. Despite this, September has seen Bitcoin trading at positive levels, with analysts predicting a bullish run if U.S. regulators approve a Bitcoin spot price ETF in the upcoming months.

Portfolio Pulse from Khyathi Dalal

September 16, 2023 | 4:17 pm

The Shiba Inu (CRYPTO: SHIB) community believes that the token will eventually reach 1 cent, requiring a 134,598.28% increase from its current trading price. To earn $1 million when SHIB reaches $0.01, an investment of $745 in SHIB today would be necessary. Shiba Inu whales continue to accumulate SHIB tokens, with the net flow of tokens held by large holders surging by 275% over the past week.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 1:29 pm

Dogecoin co-creator Billy Markus criticized President Joe Biden's proposal to tax billionaires, arguing that it has increased the national debt. Markus also referred to Senator Elizabeth Warren as a 'phony piece of garbage' for her criticisms of Elon Musk. Meanwhile, Bitcoin was trading at $26,307, up 0.32% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 4:54 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge following Deutsche Bank's partnership with Taurus for crypto custody services. Deutsche Bank has submitted an application for a crypto custody license to Germany's financial watchdog, BaFin. The global crypto market capitalization stands at $1.04 trillion, a 0.87% increase in the last day. The S&P 500 and the Nasdaq Composite also showed solid increases. Analysts suggest that Bitcoin may experience a bullish breakout but caution against a retest of the lows.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 3:56 am

Pepe Coin (PEPE) has outperformed Dogecoin (DOGE) and Shiba Inu (SHIB) in the past 24 hours, with a growth of 2.01%. The surge in PEPE's value is attributed to the positive market sentiment following the release of inflation Consumer Price Index (CPI) data. However, Pepe Coin faced challenges recently, including a potential 'rug pull scam' and a hack of its accredited Telegram channel.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 5:23 am

Two mummified alien specimens, purported to be around 1,000 years old, were displayed at Mexico’s Congress. Anthony Pompliano, known as Pomp in the crypto community, expressed his surprise and disbelief regarding the unveiled skeletons. Dogecoin co-creator, Billy Markus, expressed his skepticism regarding the authenticity of the displayed specimens. The news has created intrigue around the potential existence of extraterrestrial life.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 4:34 am

Major cryptocurrencies showed mixed performance following the release of the U.S. government’s Consumer Price Index (CPI) report for August, which revealed slightly higher than anticipated data. Bitcoin and Ethereum saw gains, while Dogecoin experienced a slight loss. The report revealed that inflation surged to 3.7% on a year-over-year basis, surpassing economist predictions of 3.6%. Crypto analyst Michael Van de Poppe stated that the current market decline is not significant and should not have much impact. Another analyst, Miles, predicted that Bitcoin has the potential to reach $60,000.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 3:00 am

Crypto analytics firm Messari has raised concerns about the potential market impact of FTX's liquidations on certain cryptocurrencies. While Bitcoin and Ethereum might withstand the selling pressure, Dogecoin, Tron, and Polygon could face significant market turbulence. FTX liquidators currently hold an estimated $1.3 billion in liquid crypto assets, excluding stablecoins. The primary concern is the volume of tokens held by FTX in relation to each asset's actively traded volume.

Portfolio Pulse from Murtuza Merchant

September 13, 2023 | 2:10 pm

The biography of Elon Musk by Walter Isaacson reveals Musk's interest in Dogecoin (CRYPTO: DOGE), with four key excerpts highlighting his thoughts on incorporating the cryptocurrency into a potential blockchain-based social media platform. However, Musk was skeptical about using blockchain for fast-paced platforms like Twitter. The biography also mentions Musk's Shiba Inu dog, Floki, the breed that represents Dogecoin. Bitcoin (CRYPTO: BTC) was not mentioned in the biography. At the time of writing, DOGE was trading at $0.060, down 0.98% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 13, 2023 | 11:15 am

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.