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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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Following Twitter's rebranding by Elon Musk, Dogecoin (CRYPTO: DOGE) experienced an 8% surge in value. Speculation has arisen about the potential integration of a native cryptocurrency wallet within the Twitter platform, which would align with Musk's vision of 'X, the everything app.' Twitter's CEO Linda Yaccarino follows the official Twitter accounts of cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 8:10 am

Elon Musk, CEO of Tesla and owner of X Corp, commented on Twitter's temporary rebranding to a Shiba Inu dog, the mascot of Dogecoin, stating it had no significant impact. This follows a previous incident where Dogecoin's logo replaced Twitter's icon, causing Dogecoin's price to surge over 20% in 30 minutes. Musk is currently facing a $250-million lawsuit alleging he used a pyramid scheme to inflate Dogecoin's price.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 7:41 am

Dogecoin co-creator Billy Markus has referred to the newly launched cryptocurrency Worldcoin as 'creepy and weird'. The Worldcoin project, led by OpenAI CEO Sam Altman, aims to align economic incentives and human identity by scanning individuals' eyes to generate a unique digital identity. Despite skepticism from Markus and Ethereum co-founder Vitalik Buterin, the increasing interest in AI may provide momentum for the Worldcoin project.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 6:11 am

Elon Musk has updated his Twitter bio to include the Dogecoin symbol, triggering an 8% rally in the cryptocurrency's market price. This move has led to speculation about the potential integration of Dogecoin into the Twitter platform. Following the update, Dogecoin's trading volume increased by 450.19% within 24 hours.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 3:40 am

Major cryptocurrencies traded mixed on Monday, with Bitcoin and Ethereum dropping while Dogecoin spiked. The decline in Bitcoin's volume dominance is attributed to a spike in altcoin trading, fueled by the Ripple ruling and regulatory adjustments. Ethereum co-founder Vitalik Buterin expressed concerns about the World Coin project. The global crypto market capitalization stands at $1.17 trillion. Analysts predict a potential dip for Bitcoin before it reaches the $100K mark.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 2:45 am

In June 2023, Robinhood Markets Inc (NASDAQ:HOOD) delisted Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Polygon (CRYPTO: MATIC) due to regulatory pressures. Since then, the value of these cryptocurrencies has risen, with Solana showing a return of 43.4% in less than a month. This outperformed Bitcoin, Ethereum, and the SPDR S&P 500 ETF (NYSE:SPY), which are down 4.0%, flat, and up 5.3% respectively over the same period.

Portfolio Pulse from Chris Katje

July 24, 2023 | 9:10 pm

Dogecoin's price rose 5.21% to $0.08 in the past 24 hours, continuing its positive trend over the past week with a 9.0% gain. The trading volume for the coin has risen 193.0% over the past week, while the circulating supply has decreased 0.36% to 140.31 billion. The current market cap ranking for DOGE is #8 at $10.70 billion.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:01 pm

Bitcoin and Ethereum traded lower on Monday, with Bitcoin falling below the key $30,000 level and Ethereum trading below the $1,900 mark. Dogecoin emerged as the top gainer over the past 24 hours, while Synthetix was the biggest loser. The global crypto market cap fell to $1.19 trillion, recording a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 2:29 pm

Tesla Inc (NASDAQ:TSLA) has reportedly removed Bitcoin (CRYPTO: BTC) as a payment option from its source code, while retaining Dogecoin (CRYPTO: DOGE). This comes amid increased regulatory scrutiny and environmental concerns over Bitcoin. However, Tesla has not officially confirmed this change. The company did not transact in Bitcoin in Q2 2023, and as of June 30, 2023, it held digital assets worth $184 million.

Portfolio Pulse from Mehab Qureshi

July 24, 2023 | 4:54 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a slight uptick ahead of the Federal Reserve's potential interest rate hike and the expiration of Bitcoin options. The SEC may contest the recent Ripple ruling. The global crypto market capitalization stands at $1.20 trillion. Analysts suggest that altcoins may be prepared for a sustained corrective move, but Ethereum could be an exception. S&P 500 futures and Nasdaq 100 futures experienced minor changes.

Portfolio Pulse from Mehab Qureshi

July 24, 2023 | 2:13 am

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