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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) and Dogecoin (CRYPTO: DOGE) were trading mostly sideways during Wednesday’s 24-hour trading session. Shiba Inu has formed a symmetrical triangle pattern on the 24-hour chart, indicating that the bulls and bears are equally in control. The crypto is set to meet the apex of the formation on July 29 and traders can watch for the crypto to break up or down from the triangle on higher-than-average volume to indicate future direction.

Portfolio Pulse from Melanie Schaffer

July 19, 2023 | 4:32 pm

Shiba Inu (CRYPTO: SHIB), a rival to Dogecoin (CRYPTO: DOGE), has seen a rise in the crypto market throughout 2021, despite a significant decline from its all-time high. Owning less than $10 worth of SHIB can get you over a million SHIB tokens. The Shiba Inu protocol has seen a sharp increase in whale transactions, with a surge of 25.72% within the past week. The burn rate of Shiba Inu has also spiked significantly, with a 300% increase over the past 24 hours due to the burning of 109 million SHIB tokens.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 11:32 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the release of positive US retail sales data. The retail sales report for June showed a 0.2% increase, lower than the forecasted 0.5%. However, the retail sales 'control group' showed a 0.6% increase, surpassing expectations. Analysts predict that Dogecoin could potentially rally up to 157% mirroring XRP gains. The global crypto market capitalization stood at $1.21 trillion, a decrease of 0.34% over the last day.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 2:54 am

Elon Musk, known for his influence on the price of Dogecoin (CRYPTO: DOGE), responded to a Twitter user's question about his preference between dogs and cats with a single word: 'Doges'. Despite Musk's history of tweets causing significant price movements in DOGE, his latest tweet did not have any significant impact on the coin's price, which was trading at $0.06, down 1.32% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 10:30 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline on Monday evening. This comes after Ripple's recent legal victory against the SEC which had boosted the crypto market. Analysts predict a downward trend for Bitcoin, with potential lows of around $29,000. However, analyst PlanB predicts a surge in Bitcoin's price as it approaches its next halving event in 2024, with a potential price range of $40,000 to $50,000.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 2:26 am

Shiba Inu (CRYPTO: SHIB) has seen a significant decline from its all-time high, despite its compatibility with the Ethereum (CRYPTO: ETH) ecosystem and the development of Shibarium, a Layer-2 solution. The token's burning rate surged by 6340% in the last 24 hours, resulting in the burning of 79 million SHIB tokens. However, even if Shiba Inu reaches $0.01 per token, its circulating supply would result in a network market cap of $5.9 trillion, surpassing companies like Apple Inc in terms of market value.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 7:26 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following an unexpected rally in crypto prices last week, triggered by a favorable ruling in the Ripple-SEC case. The court declared that the sale of XRP tokens does not constitute investment contracts, leading to a 73% surge in XRP. Analysts predict that XRP will become a top 3 coin again within the next 6-12 months.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 3:01 am

Tesla CEO Elon Musk has warned that he would unfollow any Twitter account that keeps posting about him being a follower. This comes after a Twitter user posted about Musk following their account and subscribing to their content. Musk is known to subscribe to various influencers on Twitter, with a reported 89 subscriptions as of the end of June. Twitter recently rebranded its 'Super Follows' feature to 'Subscriptions', allowing users to monetize their content.

Portfolio Pulse from Benzinga Neuro

July 17, 2023 | 2:48 am

Elon Musk is facing a legal dispute with a group of Dogecoin investors who accuse him of defrauding investors while promoting Dogecoin. The attorney representing the plaintiffs alleges that Musk and his lawyer are using unlawful tactics to intimidate and discredit him and his clients. Musk faces a proposed $258 million class action lawsuit accusing him of insider trading and manipulating Dogecoin. The lawsuit also highlights Musk's April sale of approximately $124 million worth of Dogecoin.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 2:51 pm

Dogecoin co-founder Billy Markus commented on the recent court ruling favoring Ripple Labs, stating that XRP is not a security. This decision is a significant turning point in the legal battle between Ripple and the SEC. The SEC has identified 19 other cryptocurrencies as securities in lawsuits against platforms like Binance and Coinbase. At the time of writing, DOGE was trading at $0.070, up 9% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 11:53 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.