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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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The cryptocurrency market experienced a significant rally following lower-than-expected retail inflation data. Bitcoin surged past $66,000, Ethereum broke $3,000, and Dogecoin saw a 7.91% increase. The stock market also reached record highs, with the S&P 500, Dow Jones, and Nasdaq Composite all posting gains. Analysts predict Bitcoin's next target to be $68,000-$69,000.

Portfolio Pulse from Aniket Verma

May 16, 2024 | 1:45 am

Cryptocurrency markets are trading higher following positive consumer price inflation data. Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu have all seen significant gains. Despite the rise, Bitcoin's large transaction volume and daily active addresses have fallen. Notable developments include Vanguard appointing a new CEO and Circle relocating to the US.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 8:24 pm

Dogecoin (DOGE) sees a bullish outlook from traders due to the announcement of the Laïka project, a Layer-2 solution promising to enhance the Dogecoin ecosystem with smart contracts, faster transactions, lower fees, and interoperability. The news has led to increased exchange inflows and a 2.3% price increase in the last 24 hours.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 5:41 pm

Floki (CRYPTO: FLOKI) has seen a 45% increase over the past month, driven by a proposal to burn 15 billion tokens. Traders are comparing its performance to Pepe (CRYPTO: PEPE), which has also seen significant gains. The token burn is expected to further boost Floki's price. Additionally, Floki has been listed on Revolut and Binance Thailand, increasing its accessibility.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 2:34 pm

A trader known as 'Bonk Guy' revealed a seven-figure profit in 48 hours trading AMC and GameStop meme coins on Solana. The AMC/SOL and GME/SOL pairs saw massive gains, significantly outperforming larger meme coins like Dogecoin and Shiba Inu. Bonk Guy suggests that if the narrative around AMC and GME remains strong, their stocks could continue to rise, bringing more attention to decentralized derivatives on Solana.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 1:01 pm

Roaring Kitty, a retail trading legend known for his role in the GameStop stock surge of 2021, has returned to social media, causing significant spikes in meme coins like GameStop and Roaring Kitty. His return hints at a potential new cat-themed meme season.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 11:51 am

Pepe (PEPE) meme coin surged to an all-time high, outperforming major cryptocurrencies like Solana, BNB, and Dogecoin in 24-hour trading volume. The surge was driven by retail trader interest and marked the start of a new meme coin bull market.

Portfolio Pulse from Aniket Verma

May 15, 2024 | 4:06 am

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, dipped following higher-than-expected wholesale inflation data. Bitcoin saw significant liquidations and increased short positions. Despite the dip, analysts suggest potential for a Bitcoin rebound to $68,400.

Portfolio Pulse from Aniket Verma

May 15, 2024 | 1:56 am

Cryptocurrency markets are experiencing a downturn due to recent spikes in PPI and consumer inflation data, with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading lower. Notable developments include OKX's entry into the Australian market, Wisconsin's investment in BlackRock's Bitcoin ETF, and Ark Invest's stock transactions. Analysts view the corrections as healthy and part of the market's cycle, emphasizing the importance of support levels and market opportunities during these periods.

Portfolio Pulse from Khyathi Dalal

May 14, 2024 | 8:48 pm

April's Producer Price Inflation (PPI) data, showing a 0.5% month-over-month increase, led to a downturn in cryptocurrency markets, with Bitcoin sliding 2%. Federal Reserve Chair Jerome Powell described the data as 'mixed', and despite some cryptocurrencies like Worldcoin and Render experiencing significant losses, technical analysis suggests a potential rebound for Bitcoin.

Portfolio Pulse from Khyathi Dalal

May 14, 2024 | 5:51 pm

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