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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 (CRYPTO: SHIB) has seen a 4% increase in the past 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Floki (CRYPTO: FLOKI). This comes after Shibarium, Shiba Inu’s Layer-2 network, announced its impending relaunch with enhanced features. Shibarium, supported by SHIB tokens, aims to establish its position in the blockchain industry with a focus on metaverse and gaming applications.

Portfolio Pulse from Mehab Qureshi

August 23, 2023 | 6:51 am

Elon Musk, owner of X (formerly Twitter), has highlighted the importance of 'truth' and Community Notes in a comparison post against Instagram, owned by Meta Platforms Inc. (NASDAQ:META). A graphic designer at Dogecoin (CRYPTO: DOGE) raised concerns about a misleading sponsored ad on X, which was also promoted on Instagram without fact verification. Musk responded positively to the ad being flagged on X, emphasizing the importance of truth in advertising. This incident adds to the ongoing rivalry between Musk and Mark Zuckerberg, CEO of Meta.

Portfolio Pulse from Ananya Gairola

August 23, 2023 | 6:09 am

Elon Musk, owner of Twitter, agreed with a Dogecoin graphic designer's comparison of mainstream media and Jim Cramer's erratic stock predictions. The designer suggested that negative media coverage indicates Twitter's success. This comes after Twitter was accused of limiting traffic to sites criticizing Musk. Jim Cramer's past stock recommendations, including Hewlett Packard Enterprise, Netflix, Kohl's Corp, and Qorvo, were also discussed.

Portfolio Pulse from Ananya Gairola

August 23, 2023 | 3:56 am

Major cryptocurrencies recorded a mixed trading session on Tuesday evening after Balancer, one of Ethereum’s decentralized crypto trading projects, uncovered a vulnerability that could risk millions of dollars in crypto assets. The SEC is currently reviewing several bitcoin ETF applications, with no certainty of a decision this year. Investors are also awaiting Federal Reserve Chair Jerome Powell’s speech at the annual economic symposium in Jackson Hole, Wyoming. Crypto analysts predict a potential slump in the markets for Bitcoin and Ethereum.

Portfolio Pulse from Mehab Qureshi

August 23, 2023 | 2:54 am

The article discusses the impact of Tesla CEO Elon Musk's tweets on the price of Dogecoin (CRYPTO: DOGE). Musk's first mention of Dogecoin was in 2019 and his tweets have often led to price spikes. A $1,000 investment in Dogecoin on Dec. 20, 2020, when Musk tweeted 'One Word: Doge,' would be worth $13,129.54 today, a 1,213.0% increase. The article also mentions that Musk's purchase of Twitter, now known as X, served as a potential catalyst for Dogecoin.

Portfolio Pulse from Chris Katje

August 22, 2023 | 9:13 pm

Elon Musk plans to introduce two new features on X, formerly known as Twitter. The first change is replacing “Subscriber” with “Sub” in notifications and profile sections. The second change is removing the headline and text from news links, leaving only the lead image. This change will require users to manually add their text alongside the links they share. The change could impact publishers who rely on social media to drive traffic to their websites and advertisers seeking to maximize their reach on the platform.

Portfolio Pulse from Ananya Gairola

August 22, 2023 | 6:04 am

Shiba Inu (CRYPTO: SHIB) saw an 850% surge in its burn rate within 24 hours, with over 1 billion SHIB tokens permanently removed from circulation. This coincided with the introduction of Shibarium, an Ethereum-based layer-2 blockchain, and SHIB becoming the most traded token among the top 100 Ethereum whales. Despite this, SHIB's price fell by 4.19% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 5:44 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline after Ethereum co-founder Vitalik Buterin deposited 600 ETH, worth approximately $1 million, to crypto exchange Coinbase. This comes amidst a wider market downturn, with ether experiencing a 10% decline over the last seven days. Coinbase is set to acquire a minority stake in Circle Internet Financial and dissolve their Centre Consortium partnership. Analysts warn that BNB is dragging down the entire crypto market.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 2:31 am

The FBI has seized cryptocurrencies valued at approximately $1.7 million between March and July of this year. The confiscated assets include Ether (ETH), Dai tokens (DAI), Tether tokens (USDT), Bitcoin (BTC), Monero (XMR), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE). The digital assets were primarily seized from hardware wallets and accounts on cryptocurrency exchanges, with Binance accounts being notably prominent. No seizures were recorded from other leading exchanges such as Coinbase (COIN).

Portfolio Pulse from Murtuza Merchant

August 21, 2023 | 9:11 pm

Crypto expert Credible Crypto has drawn parallels between Bitcoin's current market structure and its performance before its all-time high in November 2021, suggesting a potential bullish trajectory. The analyst believes that the primary objective in both scenarios is re-accumulation, given the identical technical contexts. He remains optimistic about Bitcoin reaching new all-time highs this year. However, if Bitcoin's price drops below $24.8k, the analyst suggests a re-evaluation of the market stance. Meanwhile, the overall cryptocurrency market has experienced a significant drop, with leading digital currencies such as Ethereum, Ripple, Solana, Dogecoin, and Shiba Inu seeing their values decrease.

Portfolio Pulse from Murtuza Merchant

August 21, 2023 | 6:00 pm

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