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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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Elon Musk has changed his title from 'Chief Twit' to 'Chief Nothing Officer' amid speculations about Twitter's rebranding to X.com. Musk, who acquired Twitter in October 2022, had previously hinted at the app 'X' as an ambitious 'everything app' linked to the $44 billion deal. The iconic bird logo of Twitter is also set to be changed, as confirmed by Musk.

Portfolio Pulse from Ananya Gairola

July 24, 2023 | 1:50 am

This week in cryptocurrency saw Elon Musk's influence on Dogecoin's value, Tesla's unchanged Bitcoin position, Robert F. Kennedy Jr.'s proposal to back the dollar with Bitcoin, and BlackRock CEO Larry Fink's revelation about the demand for Bitcoin and Ethereum among gold investors. Nassim Nicholas Taleb, author of “Black Swan,” criticized the investment in Non-Fungible Tokens (NFTs).

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 2:18 pm

Dogecoin (CRYPTO: DOGE) briefly became the world's eighth-largest cryptocurrency after its value rose by more than 10% in a single day. However, the price began to dwindle, causing it to slip back to the ninth position. The surge in Dogecoin's price might be linked to rumors about its potential inclusion in Tesla Inc.’s (NASDAQ:TSLA) payment page source code.

Portfolio Pulse from Ananya Gairola

July 22, 2023 | 7:55 am

Investors are closely watching Bitcoin, Ethereum, and Dogecoin ahead of the Federal Reserve's interest rate decision on July 25 and 26. The cryptocurrencies' movements often provide clues about how the stock market may react when Wall Street resumes trading. Bitcoin and Ethereum were trading mostly flat, while Dogecoin was up almost 9% at one point during Friday's session. The Fed's decision could cause significant reactions in both traditional and digital markets.

Portfolio Pulse from Melanie Schaffer

July 21, 2023 | 8:42 pm

Elon Musk, CEO of Tesla and Twitter, announced plans to change the auto-reply for media inquiries sent to Twitter's press email address from a poop emoji to an 'infinite loop' message. This follows a significant restructuring of Twitter's communications team after Musk's takeover in November 2022. Tesla has reportedly operated without a dedicated PR department since October 2020.

Portfolio Pulse from Ananya Gairola

July 21, 2023 | 4:07 am

Dogecoin's price has increased by 3.16% over the past 24 hours to $0.07, and by over 11.0% over the past week. The trading volume for the coin has increased by 336.0% over the past week, while the overall circulating supply has decreased by 0.08%. The current market cap ranking for DOGE is #10 at $9.94 billion.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:00 pm

Tesla, Inc. (NASDAQ:TSLA) maintained its Bitcoin (NYSE:BTC) position in Q2 2023, with no transactions in buy or sale. The company's balance sheet showed it held $184 million in digital assets, unchanged from the previous two quarters. Tesla's CFO Zachary Kirkhorn attributed the lack of activity to the uncertainty of COVID-19 lockdowns in China. However, he stated the company is open to increasing its Bitcoin holdings in the future. CEO Elon Musk expressed his preference for Dogecoin (CRYPTO: DOGE) over Bitcoin due to its better transaction value.

Portfolio Pulse from Shanthi Rexaline

July 20, 2023 | 7:29 am

Elon Musk, CEO of Twitter and Tesla Inc., caused a surge in Dogecoin's valuation with a tweet, leading to a 3% increase in market capitalization (about $320 million). This is not the first time Musk's tweets have impacted Dogecoin's value. However, his influence has led to legal issues, with a group of Dogecoin investors filing a lawsuit alleging market manipulation.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 4:40 am

Major cryptocurrencies were mixed on Wednesday evening with Bitcoin and Ethereum trading in the red while Dogecoin saw gains of nearly 2%. Bitcoin's price movement tracked Nasdaq futures, which slipped into the red after Netflix and Tesla posted their quarterly results. Analysts continue to await Bitcoin ETF updates and note that Bitcoin is 'here to stay' despite the length of the bear market. Cryptocurrency intelligence platform Santiment noted that whales and sharks have been accumulating Paxos Standard (USDP) stablecoin in July.

Portfolio Pulse from Shivdeep Dhaliwal

July 20, 2023 | 3:31 am

The Powerball jackpot has reached $1 billion, making it the third largest in the game's history. The cash payout is $516.8 million, which after federal taxes of 24%, would be $392,768,000. The article suggests 10 ways the winner could spend or invest the money, including buying shares in the SPDR S&P 500 ETF Trust (SPY), Berkshire Hathaway Inc (BRK-A, BRK-B), Apple Inc (AAPL), and Tesla Inc (TSLA), or investing in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

Portfolio Pulse from Chris Katje

July 19, 2023 | 11:00 pm

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.