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

The cryptocurrency market experienced further declines, with Bitcoin, Ethereum, and Dogecoin seeing significant drops amid regulatory concerns, particularly after Robinhood received a Wells Notice from the SEC. Despite this, some cryptocurrencies like AIOZ Network showed gains. The overall market sentiment remains weak, with a notable increase in long positions for Bitcoin. Meanwhile, traditional stock markets saw mixed results, and the U.S. Treasury yield slightly increased. Analysts suggest that most top market cap cryptocurrencies are in slight buy zones, with Cardano highlighted as a potential buy.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 2:27 am

Cryptocurrency markets are experiencing slight declines with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading flat or down. Notable developments include a buying spree by high net worth Bitcoin holders and a significant holding of $831 million in Bitcoin ETFs by Susquehanna International Group. Analysts see more ETF inflows as key to restarting the bull run, with a focus on the potential impact of spot Bitcoin ETFs and the upcoming halving event.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 9:14 pm

Crypto trader Intuitio highlighted Dogecoin (DOGE) as the original meme coin with potential for a significant pump and as a 'billboard' for other meme coins like Pepe (PEPE) and Dogwifhat (WIF), while dismissing Shiba Inu (SHIB) as 'absolute crap'. Intuitio's views suggest a shift in the meme coin market, favoring PEPE and WIF for their organic growth and 'pure' meme status, contrasting with the performance of SHIB. The discussion reflects the volatile and speculative nature of meme coins in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 6:02 pm

Apatheticwhale, a self-proclaimed meme coin millionaire, shared his strategy for making millions with meme coins, involving creating numerous aged Ethereum and Solana accounts to accumulate 2-4% of several promising projects. He credits his wealth to this method, having applied it successfully to cryptocurrencies like Shiba Inu, Pepe, BabyDoge, and Dogecoin, which he still holds a significant amount of.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 2:12 pm

'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) experienced an 84% decrease in its burn rate over the last 24 hours, with only 12.47 million coins burned. This decline is attributed to reduced activity on its layer-2 blockchain, Shibarium, despite a previous upward trend in token burning. SHIB's price fell nearly 5% in the same period, with trading volume increasing by 70%.

Portfolio Pulse from Aniket Verma

May 07, 2024 | 8:49 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline after Robinhood received a Wells Notice from the SEC, indicating potential enforcement action. This news negatively impacted the sentiment in the cryptocurrency market, with Ethereum leading in liquidations. Despite the downturn in cryptocurrencies, U.S. stock markets traded higher, buoyed by a weaker-than-expected U.S. jobs report which fueled speculation of a potential interest rate cut by the Federal Reserve.

Portfolio Pulse from aniketverma@benzinga.com

May 07, 2024 | 7:10 am

Mark Cuban supports Dogecoin co-founder Billy Markus' social media activity, emphasizing the value of 'positive trolling.' Despite withdrawing from Dogecoin, Markus holds a small amount of DOGE and Bitcoin. Cuban, once a critic of cryptocurrencies, now advocates for Dogecoin, Bitcoin, and Ethereum, even accepting DOGE for Dallas Mavericks tickets and merchandise. Markus' engagement on X and Cuban's support may boost Dogecoin investor confidence, despite a recent decline in social activity around Bitcoin ETFs.

Portfolio Pulse from Kaustubh Bagalkote

May 07, 2024 | 6:27 am

Cryptocurrency markets saw a downturn despite strong ETF inflows on Friday, with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading lower. The market experienced significant liquidations and a drop in exchange outflows. Noteworthy developments include Bitcoin reaching one billion transactions and regulatory attention from the SEC towards Robinhood's crypto business. Analyst Max Keiser highlighted Bitcoin's role in the U.S. economy's challenges.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 8:32 pm

A crypto expert, Rekt Capital, predicts a surge in altcoins, particularly Dogecoin (DOGE), with the altcoin market cap expected to rebound and potentially reach previous peaks. Dogecoin is seen to have major resistance levels at $0.20 and $0.278 after retesting the $0.12 level. Bitcoin (BTC) is also mentioned to have found solid support around the $60,000 level. These predictions come amid expectations of a rally in risk-on assets due to potential Federal Reserve actions in response to U.S. economic data.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 2:01 pm

Despite Bitcoin reaching $64,000, crypto analyst Ali Martinez suggests it remains in a 'prime buy zone' based on the MVRV 90-day Ratio. This analysis comes amid significant crypto market events, including Tesla's adoption of Dogecoin as a payment method and regulatory uncertainties. Bitcoin's price has seen a 45.42% increase year-to-date.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 1:59 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.