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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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Billy Markus, co-founder of Dogecoin, criticized Bitcoin maximalists for their marketing approach, referring to them as 'insecure losers'. Bitcoin maximalists are individuals who believe in the superiority of Bitcoin over other digital assets and advocate for its exclusive adoption. Dogecoin, created by Markus and Jackson Palmer, was intended to be a more accessible and user-friendly alternative to Bitcoin. At the time of writing, DOGE was trading at $0.074, down 2.24% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 4:38 am

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a downward trend amid lackluster trading activity. Bitcoin has struggled to maintain a steady price above $30,000 in recent months. The global cryptocurrency market capitalization stands at $1.17 trillion, a 0.49% decrease in the last day. Analyst Michael Van De Poppe predicts upward momentum for Bitcoin in the near future, while another analyst suggests that the current phase of low volatility will lead to future expansion.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 2:54 am

The article discusses the potential for investors to become millionaires if the cryptocurrency Shiba Inu (CRYPTO: SHIB) returns to its all-time high. It also mentions that Shiba Inu has been added to platforms like Coinbase, Kraken, and Robinhood, which has increased its profile and valuation. However, the bankruptcies of several cryptocurrency-related companies and pressure from the SEC have negatively impacted Shiba Inu's price and valuation. The article also compares Shiba Inu's performance to that of Dogecoin (CRYPTO: DOGE), Bitcoin (CRYPTO: BTC), and Ethereum (CRYPTO: ETH).

Portfolio Pulse from Chris Katje

August 13, 2023 | 8:12 pm

The cryptocurrency market saw significant activity this week, with predictions, launches, and transfers. Crypto analyst Kaleo predicts a potential breakout for Dogecoin (DOGE), with gains exceeding 200%. Analyst Ali Martinez noted a positive correlation between Dogecoin and Shiba Inu (SHIB). PayPal Holdings Inc. (PYPL) unveiled a new U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). Veteran trader Peter Brandt predicted that 99.8% of altcoins will meet a fate similar to the HEX coin. An unidentified wallet transferred 67.81 million Dogecoin to Coinbase.

Portfolio Pulse from Benzinga Neuro

August 13, 2023 | 12:08 pm

Benzinga's weekly review highlights several bullish and bearish stock prospects. Bullish stocks include Disney (DIS) partnering with PENN Entertainment (PENN) for a sportsbook, Dogecoin (DOGE) predicted to surge 200%, and Tilray (TLRY) acquiring eight beer brands from Anheuser-Busch (BUD). Bearish stocks include Tesla (TSLA) after CFO's departure, Kering (PPRUY) and Advantest Corp (ATEYY) being heavily shorted, and Moody's downgrading credit ratings of banks including M&T Bank Corp. (MTB), Webster Financial Corp. (WBS), and BOK Financial Corp. (BOKF).

Portfolio Pulse from Michael Cohen

August 12, 2023 | 1:16 pm

Cryptocurrency analyst Ali Martinez has highlighted a positive correlation between meme cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE), suggesting their price movements are closely related. Data from IntoTheBlock shows a correlation coefficient of 0.74 between the two digital assets. Despite SHIB experiencing a 20% surge in the past week, DOGE has not yet shown a similar pattern.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 12:23 pm

Shiba Inu (CRYPTO: SHIB) has seen a significant increase in its token burn rate, with over 79 million SHIB tokens burnt in the last 24 hours. This comes as investors anticipate the launch of Shibarium, a layer-2 solution. SHIB has outperformed other meme coins including Dogecoin (CRYPTO: DOGE) and Pepe coin (CRYPTO: PEPE) in terms of market capitalization. The accelerated burn rate of SHIB tokens has surged by more than 15% within the past 24 hours.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 3:48 am

Major cryptocurrencies showed resilience amid the release of Consumer Price Index (CPI) data. Bitcoin, Ethereum, and Dogecoin experienced mixed trading, with Bitcoin and Ethereum slightly down and Dogecoin slightly up. The global crypto market capitalization stands at $1.17 trillion, a 0.48% decrease in the last day. Analysts predict that Bitcoin could reach over $70,000 this year, despite its struggle to maintain a consistent price above $30,000 in recent months.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 2:38 am

Crypto analyst Kaleo predicts that Dogecoin (CRYPTO: DOGE) could potentially see gains exceeding 200%, reaching levels around $0.24. At the time of reporting, DOGE is trading at approximately $0.075. Kaleo highlighted that DOGE/BTC high-timeframe breakouts have been a predictable pattern in crypto over the past decade, often involving a slow bleed over a longer duration followed by a rapid price surge.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 11:45 am

An unknown wallet transferred 67.81 million Dogecoin (CRYPTO: DOGE) worth over $5 million to the cryptocurrency exchange, Coinbase. The intentions behind this transfer are unknown, but it raises the possibility of a whale dump, which could lead to market fluctuations. This development occurs amidst a legal battle between Elon Musk, the CEO of Tesla, and a group of disgruntled Dogecoin investors.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 5:26 am

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