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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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Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Grayscale launches new crypto funds, and FTX is ordered to pay $12.7B to creditors. Solana spikes as Brazil approves the first Solana ETF. Analysts have mixed predictions for Bitcoin's future price movements.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 8:11 pm

Dogecoin (DOGE) is attracting bullish predictions from traders who believe it has 'fairly bottomed' and anticipate potential growth, especially with the expected introduction of X payments. Despite a drop in large transaction volumes, daily active addresses have increased. The Dogecoin Foundation highlights the importance of the Cardinals protocol for innovation in the ecosystem.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 11:40 am

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced declines as they continued to move in tandem with US stocks. Bitcoin dropped to $54,480 before recovering slightly, while Ethereum hit a low of $2,324. The global cryptocurrency market shrank by 2.7% in the last 24 hours. Stock indices like the Dow Jones, S&P 500, and Nasdaq Composite also edged lower. Prominent analysts predict further declines for Bitcoin, with one trader planning to go long if Bitcoin retests the $50,000 – $52,000 support level.

Portfolio Pulse from Aniket Verma

August 08, 2024 | 2:24 am

Cryptocurrency markets are down on Wednesday due to broader economic concerns and geopolitical tensions. Bitcoin (BTC) could dip to $54,500 if it breaks the $56,800 support level. Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Shiba Inu (SHIB) also saw declines. Notable developments include Bitcoin whales accumulating $23B worth of BTC and Morgan Stanley offering Spot Bitcoin ETFs to clients.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 8:23 pm

Elon Musk's plan to transform X (formerly Twitter) into an everything app with payment features is advancing. A new report indicates that X has added a Payments button and obtained a license in North Dakota, bringing its total to 33 states. The launch of X payments could boost engagement and potentially increase the price of Dogecoin. X could also compete with online payment companies like PayPal.

Portfolio Pulse from Chris Katje

August 07, 2024 | 6:06 pm

Glauber Contessoto, known as the 'Dogecoin Millionaire,' has invested $100,000 in the Ethereum-based meme coin Neiro (NEIRO). He believes NEIRO has the potential to replicate the success of Dogecoin and Shiba Inu due to its high market cap, strong community support, and user-friendly nature on the Ethereum blockchain.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 2:09 pm

Dogecoin (DOGE) has rebounded to $0.10, showing a 15% increase from its recent bottom. Analysts are optimistic about further gains if DOGE breaks the $0.10 mark, with a key resistance level at $0.143. Despite market downturns, DOGE has shown resilience by closing above the 200-day SMA. However, challenges remain, and a confirmed bullish trend is yet to be seen.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 12:12 pm

Cat-themed meme coin, Cat in a Dogs World (CRYPTO: MEW), emerged as the best-performing cryptocurrency, surging 20% in the last 24 hours. This rally helped investors recover losses from the weekend and improved MEW's monthly gains to 57%. Other Solana-based meme tokens like Dogwifhat (CRYPTO: WIF) and Bonk (CRYPTO: BONK) also saw gains. Despite the surge, a 14% dip in MEW's trading volumes raises questions about the rally's sustainability.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 4:27 am

Bitcoin gains while Ethereum and Dogecoin dip as investors recover from 'Extreme Fear.' Bitcoin's price action remains volatile, with predictions of a new high taking 'many weeks.' The stock market also rebounded after Monday's sell-offs.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 2:40 am

Cryptocurrency markets are recovering after a strong correction, with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Robinhood's Q2 earnings preview highlights a favorable environment for crypto trading. Despite market sell-offs, major institutions like BlackRock, Fidelity, Grayscale, and MicroStrategy have not offloaded Bitcoin. Analysts and traders provide mixed views on the market's future, with some seeing potential for Bitcoin to reach $60,000.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 8:50 pm

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