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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 surged after a court ruling partially favored Ripple Inc, stating that the XRP token is not a security in relation to programmatic sales on digital asset exchanges. However, the institutional sale of XRP can be categorized as a security when sold to institutional investors. Following the ruling, XRP's value increased by 96% to $0.93. Analysts believe that this victory for XRP is more bullish than any ETF filings. The global crypto market capitalization increased by 6.52% to $1.26 trillion.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 2:37 am

Twitter has started paying its creators from its ad revenue sharing program, with some earning as much as $37,050. The program, limited to Twitter Blue subscribers, is part of Twitter’s broader strategy to incentivize quality content production and increase the retention of its creators. The initiative provides a new way for Twitter to compete with platforms like Alphabet Inc’s YouTube, TikTok and Meta Platform’s Instagram.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 9:56 pm

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) both saw over 6% increases during Thursday's 24-hour trading session, following a US judge's ruling that Ripple's sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts. Shiba Inu's uptrend was confirmed when it surpassed the July 9 lower high of $0.00000781. The crypto's move higher was on higher-than-average volume, suggesting increased interest.

Portfolio Pulse from Melanie Schaffer

July 13, 2023 | 9:13 pm

Dogecoin (DOGE) is trading higher by 8.1% after a U.S. judge ruled that Ripple's sales of the XRP token do not constitute an offer of investment contracts. This decision could be seen as a positive development for the broader cryptocurrency industry, potentially leading to increased demand and higher prices for other cryptocurrencies, including Dogecoin.

Portfolio Pulse from Henry Khederian

July 13, 2023 | 4:42 pm

Portfolio Pulse from Adam Eckert

July 13, 2023 | 4:24 pm

Elon Musk, CEO of Tesla and SpaceX, has launched a new venture, xAI, which aims to understand the universe's true nature. Dogecoin co-founder Billy Markus expressed enthusiasm for the project. Musk has reportedly secured thousands of processors from Nvidia Corp for his AI venture. Dogecoin was trading at $0.064 at the time of writing.

Portfolio Pulse from Mehab Qureshi

July 13, 2023 | 1:06 pm

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin traded lower despite positive inflation data in the Consumer Price Index (CPI) report for June. The U.S. consumer prices recorded a 0.2% increase in June, lower than the expected 0.3% rise. Analysts foresee a potential downward correction for Bitcoin, with its value possibly falling below the critical $28,000 mark. On-chain analytics firm, Santiment, noted that sharks and whales are closely monitoring the Bitcoin price range of $30,000 to $31,000 and accumulating stablecoins such as USDP and DAI, suggesting a higher probability of significant cryptocurrency purchases in the near future.

Portfolio Pulse from Mehab Qureshi

July 13, 2023 | 2:40 am

Dogecoin (CRYPTO: DOGE) is trading lower by 1.5% due to a lighter-than-expected June inflation report. Cryptocurrencies, often seen as a hedge against inflation, can see reduced demand when inflation is lower than expected. The U.S. CPI inflation in June decelerated more than anticipated, leading to expectations of a single rate hike by the Federal Reserve.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 7:44 pm

Elon Musk's 'Burnt Hair' perfume, a product of The Boring Company, began shipping this week. The perfume, which sold out within 48 hours of its release in October 2022, is now being resold on eBay for between $130 and $200 per bottle, with some going for as high as $300. This represents a 50% return in just nine months, outperforming Tesla's stock, which would have given a return of approximately 21% to 27% if bought on the same day the perfume was released.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 6:08 pm

Dogecoin (CRYPTO: DOGE), the meme-based cryptocurrency, is currently priced at $0.065. If it were to reach $10, it would signify a gain of approximately 15,246.15%. This would increase its market cap to $1.4 trillion, compared to Bitcoin's (CRYPTO: BTC) current market cap of $594.75 billion. Unlike Bitcoin, Dogecoin has an unlimited supply, which according to Mark Cuban, solidifies its usefulness as a digital currency.

Portfolio Pulse from Mehab Qureshi

July 12, 2023 | 9:06 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.