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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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On Thursday, major U.S. indices had a mixed performance. Lululemon reported earnings that beat estimates but missed on revenue. Dollar General's shares plummeted due to disappointing earnings and a downward revision of its fiscal outlook. Dell beat both revenue and earnings estimates but saw a slight decline in share price. Marvell Technology's shares rose after beating sales estimates. Tesla shares increased slightly after successfully dismissing a federal lawsuit.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 3:46 am

Elon Musk and Tesla have successfully dismissed a lawsuit accusing them of insider trading and manipulating Dogecoin. A judge ruled that investors cannot rely on Musk's tweets for securities fraud claims.

Portfolio Pulse from Aniket Verma

August 30, 2024 | 3:02 am

Cryptocurrencies experienced volatility as Bitcoin and Ethereum saw significant price movements. Former President Trump's plan to make the U.S. the 'crypto capital' influenced market sentiment. Meanwhile, NVIDIA's stock dropped despite strong earnings.

Portfolio Pulse from Aniket Verma

August 30, 2024 | 2:40 am

Cryptocurrency markets are experiencing slight gains despite Ark Invest selling $100 million in Bitcoin. Bitcoin, Ethereum, and Dogecoin are struggling to break out of a six-month trading channel. Notable developments include Robinhood adding Solana to its Web3 wallet and MicroStrategy outperforming Bitcoin and Ethereum post-FTX collapse.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 8:02 pm

Dogecoin's performance lags behind other meme coins, but traders see potential for a rally. Trader Anbessa is accumulating DOGE, citing a favorable risk/reward ratio, while another trader, Sherpa, predicts further decline to $0.08. Despite recent price drops, large transaction volumes have increased.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 6:20 pm

Bitcoin remained stable while Ethereum and Dogecoin saw gains despite a decline in stock markets following Nvidia's Q2 earnings report. Nvidia's stock fell 2.1% despite strong earnings, impacting major indices. Meanwhile, Bitcoin accumulation by large holders continues, and Ethereum shows bullish signs against Bitcoin.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 2:43 am

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, have been declining for three consecutive days despite increased whale transactions. Notable statistics include a rise in Bitcoin's large transaction volume and a surge in exchange netflows. Analysts suggest this correction could be a bullish continuation pattern.

Portfolio Pulse from Khyathi Dalal

August 28, 2024 | 7:48 pm

The cryptocurrency market experienced a significant downturn, with Bitcoin, Ethereum, and Dogecoin all seeing substantial declines. Over $207 million was liquidated in a short period, with Bitcoin's open interest dropping significantly. In contrast, the stock market, including Nvidia, saw gains.

Portfolio Pulse from Aniket Verma

August 28, 2024 | 1:41 am

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are experiencing a downturn as traders anticipate economic data releases and Nvidia's earnings. Despite the decline, Bitcoin's transaction volume and active addresses have surged, with many traders going long. The SEC is set to challenge Kraken, and Nasdaq seeks approval for Bitcoin index options.

Portfolio Pulse from Khyathi Dalal

August 27, 2024 | 8:06 pm

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