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DOGEUSD

Dogecoin / US Dollar

https://dogecoin.com/

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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Dogecoin (DOGE) is trading lower by 3.59% amid overall weakness in cryptocurrencies and the broader U.S. market. This is likely due to better-than-expected US jobs data, which could raise concerns over further rate hikes. Dallas Fed president Logan also stated that more rate hikes are likely necessary. The rise in interest rates can introduce additional uncertainty and volatility to the financial markets, potentially leading to a decrease in investor confidence and a shift towards traditional investment options.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 3:51 pm

Shiba Inu token (SHIB) has seen a surge in network growth despite repressed prices, according to on-chain analytics platform Santiment. The analysis highlights increased investor engagement, potential for future gains due to unrealized losses, and a decrease in SHIB supply on exchanges. Despite a surge in trading volume on June 30, both Shiba Inu and Dogecoin (DOGE) have experienced a decline in volume. SHIB was trading at $0.000007519, down 2.75% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 06, 2023 | 11:48 am

Pepe 2.0, a new meme coin, has seen a 2338% increase in value in the last 10 days, outperforming other meme coins like Dogecoin, Shiba Inu, and Pepe Coin. The coin has seen a trading volume of nearly $36 million in a single day. However, the article warns of the inherent risks of these microcap investments due to their new and volatile nature.

Portfolio Pulse from Mehab Qureshi

July 06, 2023 | 6:22 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the Federal Open Market Committee (FOMC) meeting on June 14, which revealed a consensus for further interest rate hikes in 2023. Despite this, analysts suggest that Bitcoin is primed for a significant surge, mirroring historical cycles in 2016 and late 2020. The global crypto market capitalization decreased by 1.66% over the last day, standing at $1.19 trillion. US stocks also declined, with the S&P 500 and Nasdaq Composite experiencing decreases of 0.2% and 0.18% respectively.

Portfolio Pulse from Mehab Qureshi

July 06, 2023 | 2:41 am

Valkyrie has resubmitted an application for a Bitcoin ETF after the SEC deemed the initial documents inadequate. The firm revealed that Coinbase Global Inc. would offer market surveillance for its proposed Bitcoin fund. The documents also reveal that Nasdaq, where Valkyrie plans to list if approved, had executed a term sheet with Coinbase. This follows BlackRock's filing for a similar ETF in mid-June, which triggered a rush among other issuers to file similar applications and ignited a broader rally for cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

July 05, 2023 | 7:24 pm

Dogecoin (DOGE) has seen a significant uptick, reclaiming the $0.07 level for the first time in four weeks. This rally may be due to the largest shorting of DOGE in 2023, which occurred six days ago. Despite the surge in price, the level of discussions and overall interest surrounding Dogecoin has remained relatively low. Analyst Kaleo expressed optimism about DOGE’s future, suggesting that the cryptocurrency may reach $0.10, sooner than anticipated.

Portfolio Pulse from Mehab Qureshi

July 05, 2023 | 11:10 am

Dogecoin co-creator Billy Markus has expressed his loyalty to Twitter amid the upcoming launch of Meta Platforms Inc's decentralized social media platform, “Threads.” Markus shared a meme on Twitter mocking the proliferation of Twitter clones. Meta's Threads, which has already appeared on Google Play Store and Apple’s iOS App Store, is drawing attention for its data collection concerns and facing skepticism from Twitter’s co-founder Jack Dorsey and Tesla CEO Elon Musk. A Twitter poll saw 87% supporting “Team Twitter” over “Team Meta.”

Portfolio Pulse from Mehab Qureshi

July 05, 2023 | 6:47 am

Major cryptocurrencies traded mixed on Tuesday with Bitcoin dominance level reaching its highest point since April 2021, surpassing 50%. The price of Bitcoin surged to $31,371, its highest level since June 2022, driven by optimism surrounding the spot Bitcoin exchange-traded fund (ETF) applications filed by influential Wall Street players, including Blackrock. Crypto analyst Michael Van de Poppe suggests that Bitcoin dominance may be close to its peak. Another analyst, Inmortal, suggests that Solana could soon skyrocket back to all-time highs after breaching the resistance of $60.

Portfolio Pulse from Mehab Qureshi

July 05, 2023 | 2:46 am

Dogecoin (CRYPTO: DOGE) was up about 3% on Tuesday, showing strength compared to Bitcoin and Ethereum. The crypto is attempting to break up from a double inside bar pattern on the daily chart, which could confirm a new uptrend. Dogecoin negated its downtrend on Saturday, printing a higher high at the $0.071 mark. If Dogecoin can break above $0.072, an uptrend will be confirmed. Dogecoin has resistance above at $0.075 and $0.083 and support below at $0.069 and $0.065.

Portfolio Pulse from Melanie Schaffer

July 04, 2023 | 3:54 pm

The article discusses the history of McDonald's Corp (MCD) and the impact of investing in its stock since the launch of Happy Meals in 1979. A $1,000 investment in MCD at that time would be worth $258,217.39 today, not including dividends. The company's stock has been hitting all-time highs in 2023 due to strong sales growth. The article also mentions Elon Musk's challenge to McDonald's to accept Dogecoin (DOGE) as a payment option.

Portfolio Pulse from Chris Katje

July 04, 2023 | 3:44 pm

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