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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 experiencing a down day, with Bitcoin, Ethereum, and Dogecoin consolidating recent gains. Despite the downturn, traders are optimistic about a new bull cycle. Bitcoin ETFs have seen significant purchases, while Bitcoin's price is approaching a critical resistance level.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 7:40 pm

A Benzinga poll reveals Elon Musk as the most influential figure in the cryptocurrency world, significantly impacting the prices of Bitcoin, Ethereum, and Dogecoin. Musk's influence surpasses other notable figures like Michael Saylor and Mark Cuban. Tesla and MicroStrategy are highlighted for their involvement in Bitcoin investments.

Portfolio Pulse from Chris Katje

October 17, 2024 | 6:57 pm

Meme-based cryptocurrencies like Dogecoin, Shiba Inu, and Pepe have rapidly achieved billion-dollar valuations, surpassing the time it took for some Nasdaq-listed companies. However, these meme coins often lack strong fundamentals, leading to volatile price movements.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 7:28 am

Elon Musk's social media activity has led to a significant rally in Dogecoin (DOGE), with the cryptocurrency jumping over 7% in the last 24 hours. The trading volume of DOGE also increased by 70%, making it the most traded meme coin recently. Musk's mention of DOGE in a post about bureaucratic efficiency likely spurred this rally.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 4:01 am

Bitcoin's rally paused as it faced resistance, while Dogecoin surged over 7%. Morgan Stanley's stock rose 6.51% after beating profit estimates. Analysts predict Bitcoin could reach a new all-time high in 3-4 weeks and $90K by year-end.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 2:45 am

Shiba Inu (SHIB) has risen 10% over the past week, driven by a broader crypto market rally led by Bitcoin. The surge in Bitcoin has improved sentiment across the crypto sector, benefiting altcoins like Shiba Inu. Institutional interest in blockchain equity ETFs and the coin's low cost per token make it appealing to retail investors.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 12:59 am

Cryptocurrency markets are experiencing a bullish trend, with Bitcoin, Ethereum, and Dogecoin showing significant gains. Bitcoin's market dominance is at its highest since 2021, and traders predict new all-time highs in the coming weeks. Notable developments include Tesla's potential exit from Bitcoin and discussions on crypto regulation.

Portfolio Pulse from Khyathi Dalal

October 16, 2024 | 7:48 pm

A study by Social Capital Markets highlights the rapid valuation growth of meme coins like Dogecoin, Shiba Inu, and Pepe compared to traditional companies. These coins reached billion-dollar valuations in months, driven by online communities and speculative hype, unlike traditional companies that took decades. The study also warns of the risks associated with meme coins due to their volatile nature.

Portfolio Pulse from Murtuza Merchant

October 16, 2024 | 5:10 pm

Dogecoin and Shiba Inu have surged, with Dogecoin benefiting from social media chatter about Elon Musk and potential political impacts. Analysts speculate on the influence of a Trump victory on meme coins, with increased interest in Dogecoin ETFs and government departments. Dogecoin's large transactions are up, while Shiba Inu's transaction volume is down but active addresses have increased.

Portfolio Pulse from Khyathi Dalal

October 16, 2024 | 12:16 pm

Litecoin surged over 7% after Canary Capital filed for a spot ETF tracking its price, marking it as the market's biggest gainer. The filing has increased trading volume by 149%, pushing Litecoin to its highest value in two and a half months.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 4:19 am

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