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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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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant drop ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium. The global crypto market capitalization stands at $1.05 trillion, a 0.83% decrease in the last day. Analysts predict a period of relative stability for Bitcoin before it experiences another bullish trend, identifying the $27,800 level as a critical point for potential upward movement.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 3:18 am

A cryptocurrency analyst, Altcoin Sherpa, has expressed a pessimistic outlook on Dogecoin (CRYPTO: DOGE), predicting a downward price trajectory. He sees more potential in the memecoin Pepe (CRYPTO: PEPE), which has seen an impressive rise of approximately 1,845% since April 19. However, he also hinted at a potential positive turn for Dogecoin in the future.

Portfolio Pulse from Murtuza Merchant

August 24, 2023 | 6:21 pm

Former professional football player Antonio Brown declared Shiba Inu (CRYPTO: SHIB) as the next Dogecoin (CRYPTO: DOGE) on May 13, 2021, when SHIB was trading at $0.000019 per coin. Currently, SHIB is trading at $0.000008325. If an investor puts $100 in SHIB today and it reaches the levels when Brown first made his statement, the profit would be $128.23 (128.23%), making the total exit value amount to $228.23.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 12:14 pm

Elon Musk's social media platform, X, has been accused of deliberately slowing down websites criticized by Musk. The accusations came after users reported slower loading speeds when accessing links from several websites, including the New York Times, Reuters, and Meta Platforms Inc’s Instagram, Facebook, and Threads. X has acknowledged its potential bias. Musk also plans to remove the headline and text from news links, leaving only the lead image.

Portfolio Pulse from Ananya Gairola

August 24, 2023 | 7:28 am

Meme coins Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Floki (CRYPTO: FLOKI) saw an uptick of over 2% on Thursday, countering the downward trend experienced in the past seven days. This increase followed a tweet from Elon Musk stating that X (formerly Twitter) is a 'dog & Doge friendly place'. Musk's association with Dogecoin has significantly raised the profile of the meme coin.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 6:04 am

Glauber Contessoto, known as the 'Dogecoin Millionaire', saw his holdings in Dogecoin (CRYPTO: DOGE) drop from $3 million to $50,000 due to a sharp decline in Dogecoin's price. Despite the loss, Contessoto remains optimistic about the future of Dogecoin and other dog-themed meme coins.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 3:37 am

Elon Musk criticized the New York Times for not participating in X's ad revenue share program, a feature of the platform formerly known as Twitter, which Musk acquired in 2022. The program allows users to earn revenue from ads in replies to their content. The New York Times, with 55 million followers on the platform, could have potentially earned significant revenue from this program, but has not signed up for it.

Portfolio Pulse from Ananya Gairola

August 24, 2023 | 2:59 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced gains on Wednesday, aligning with the surge in traditional markets. Bitcoin reached a peak of over $26,600, setting a new high for the week. Ethereum is expected to undergo a significant drop before reaching new all-time highs, according to crypto analyst Benjamin Cowen. The global crypto market capitalization stands at $1.06 trillion, a 1.44% increase in the last day. Stocks also closed higher on Wednesday, with the S&P 500 and Nasdaq Composite seeing strong gains.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 2:42 am

Dogecoin's price has risen 3.35% to $0.06 in the past 24 hours, contrary to its negative trend over the past week where it experienced an 8.0% loss. The trading volume for the coin has tumbled 40.0% over the past week along with the circulating supply of the coin, which has fallen 0.03%. The current market cap ranking for DOGE is #9 at $8.98 billion.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:00 pm

Elon Musk, owner of X (formerly Twitter), has endorsed Dogecoin (CRYPTO: DOGE) again, causing a 1.68% surge in DOGE's value. Musk aims to transform X into a multifaceted service, integrating social media, messaging, and financial transactions. His tweet featuring a logo created by DogeDesigner for the 'everything app' further fueled excitement around the transformation.

Portfolio Pulse from Mehab Qureshi

August 23, 2023 | 8:11 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.