Streetbeat News

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Memecoins like Pepe, Floki, and Dogecoin have shown resilience in the current cryptocurrency market downturn, with gains of 17%, 11%, and 8.5% respectively over the past two weeks. In contrast, newer memecoins and tokens like Popcat, MAGA Coin, and Jeo Boden have underperformed, with Jeo Boden crashing 37%. The performance of established memecoins highlights their community support and ability to navigate bearish markets.

Portfolio Pulse from Aniket Verma

May 13, 2024 | 9:05 am

Bitcoin, Ethereum, and Dogecoin experienced mixed trading over the weekend after a turbulent week. Bitcoin remained around $61,000, Ethereum and Dogecoin saw weekly losses of 6% and 12%, respectively. The global cryptocurrency market cap slightly increased by 0.6%. Analyst Ali Martinez suggests Bitcoin could rise to $76,610 if it reclaims the $64,290 support level. Stock market futures traded sideways, with investors eyeing upcoming Federal Reserve speeches and consumer price index data.

Portfolio Pulse from Aniket Verma

May 13, 2024 | 1:56 am

The article discusses the potential returns on investments in Bitcoin, Dogecoin, and Ethereum if purchased for Mother's Day in 2023, highlighting a significant gain of 95.5% by the time of writing. It contrasts this with losses in previous years and notes the impact of SEC's approval of Bitcoin ETFs on the cryptocurrency market.

Portfolio Pulse from Chris Katje

May 12, 2024 | 2:14 pm

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

Cryptocurrency markets are currently facing a downturn, with Bitcoin barely holding onto the $60,000 level amid various challenges including falling consumer sentiment and a significant amount of token unlocks. Major cryptocurrencies have seen declines, with Bitcoin, Ethereum, Dogecoin, and others experiencing drops in their values. Despite this, there's a notable increase in Bitcoin's large transaction volume and exchange inflows/outflows. Additionally, Bitcoin ETFs have seen net inflows, and there are predictions of Bitcoin's price reaching $1M by 2030. Analysts suggest that Bitcoin may have one more significant upward move before topping out, with altcoins expected to outperform.