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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 have experienced a drop in value due to a slump in trading activity. This comes as the SEC is evaluating applications for spot BTC ETFs. Stocks also took a downturn as investors processed potential rising interest rates from the Federal Reserve's July meeting. Analysts predict a potential surge in Bitcoin's price if the right fundamentals align, such as the approval of a spot Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 3:04 am

Dogecoin (CRYPTO: DOGE) is trading lower by 5% due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. Despite the listing of Europe's first Bitcoin ETF by Jacobi Asset Management, the negative sentiment in financial markets has led to a pullback in various asset classes, including Dogecoin.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 10:31 pm

Dogecoin's price has fallen 6.08% to $0.07 in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. The trading volume for the coin has increased 44.0% over the past week, while the overall circulating supply of the coin has decreased 0.36%. The current market cap ranking for DOGE is #8 at $9.75 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

BONE ShibaSwap (CRYPTO: BONE), a cryptocurrency associated with the Shiba Inu ecosystem, has risen by 6% over the past 24 hours, outperforming other meme coins such as Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE) which have declined. This follows a speech by Shytoshi Kusama, the lead developer of Shiba Inu, at the Blockchain Futurist Conference.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 6:52 am

Shiba Inu's burn rate has increased by 110% in the last 24 hours, following the announcement that its layer-2 solution, Shibarium, is nearly complete. The burning mechanism, Shibburn, reported a transfer of 216 million SHIB tokens into 'inferno' wallets, a strategy to increase scarcity and potentially raise the value of the remaining tokens. Currently, $10.1 worth of SHIB buys 1,005,475 tokens.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 4:47 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant decline following a mid-afternoon selloff on Tuesday. This occurred despite the launch of Europe's first Bitcoin ETF by London-based Jacobi Asset Management on Euronext Amsterdam. The ETF, regulated by the Guernsey Financial Services Commission, is now available for trading under the ticker “BCOIN”. Crypto analyst Michael Van De Poppe noted that there have been no significant updates on ETF applications from the SEC, and another analyst predicts a potential decline for Bitcoin by the end of this year.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 3:15 am

Sam Bankman-Fried, ex-CEO of the bankrupt cryptocurrency exchange FTX, is now in Brooklyn’s Metropolitan Detention Center. He was sent to the detention center after U.S. District Judge Lewis Kaplan found probable cause to believe he attempted to tamper with witnesses by interacting with the media during his time in house arrest. Bankman-Fried has pleaded not guilty to the charges.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 8:59 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin are maintaining positive momentum despite the SEC's delay in deciding on Cathie Wood's Bitcoin ETF. The global cryptocurrency market cap rose nearly 0.5% to $1.17 trillion. Analyst Edward Moya from OANDA suggests that Bitcoin's range might widen for the rest of the summer, potentially testing as low as $28,500 and as high as the $32,000 level.

Portfolio Pulse from Shivdeep Dhaliwal

August 15, 2023 | 3:04 am

A pseudonymous analyst, Kaleo, predicts a potential breakout for Pepe Coin (CRYPTO: PEPE), with its market cap potentially surpassing $1 billion. The current market cap of PEPE is $525 million. The analyst compares this to previous cycles of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which reached market caps of $80 billion and $40 billion respectively. Kaleo also anticipates a quick dip before an explosive price rise.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 11:06 am

A Dogecoin artist has shared AI-generated images of Elon Musk and Mark Zuckerberg at the beach, amidst their ongoing rivalry. The images have gained significant attention on X, formerly known as Twitter. This comes as the rivalry between Musk and Zuckerberg intensifies, following Musk's acquisition of Twitter and Meta's introduction of Threads, a potential 'Twitter killer'.

Portfolio Pulse from Ananya Gairola

August 14, 2023 | 8:12 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.