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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 article discusses the reasons behind the growing fatigue among cryptocurrency investors, highlighting the emotional rollercoaster caused by the volatile crypto market. It mentions Tesla's adoption of Dogecoin (DOGE), the performance of Bitcoin (BTC), and the rise of meme coins like dogwifhat (WIF) and Solana (SOL). Despite the market's ups and downs, the article advises against giving up on crypto, citing long-term trends and offering tips from experienced traders on managing the emotional challenges of crypto investing.

Portfolio Pulse from Ivan Crnogatić

May 05, 2024 | 6:53 pm

The cryptocurrency market experienced a volatile week, with Shiba Inu's burn rate surging by 800%, leading to positive sentiment and price increases. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin faced heavy losses in April but saw a rally as market sentiment improved in May. The article also discusses the potential fading of certain altcoins in favor of stronger performers and Bitcoin, and speculates on the future performance of Dogecoin and Shiba Inu.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 5:15 am

Over the weekend, meme coins experienced significant gains, led by Dogwifhat (WIF), with Dogecoin (DOGE), Floki (FLOKI), and Pepe (PEPE) also posting double-digit increases. The rally was attributed to sustained strength in the cryptocurrency market, influenced by the Federal Reserve's rate decision and dovish comments by Jerome Powell. Reports of Tesla accepting Doge for payments on its online shop contributed to the momentum, alongside predictions of a bull run for Doge by crypto analyst Ali Martinez.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 8:44 pm

Tesla Inc. (NASDAQ:TSLA) has officially adopted Dogecoin (CRYPTO: DOGE) as a payment option for merchandise on its online platform, causing a surge in DOGE's value by over 21%. This move, hinted at future expansions, marks another significant step in Elon Musk's support for the meme cryptocurrency, which has previously led to notable fluctuations in DOGE's market price.

Portfolio Pulse from Bibhu Pattnaik

May 04, 2024 | 5:46 pm

MAGA Memecoin (CRYPTO: TRUMP), a Trump-themed cryptocurrency, is gaining attention as the 2024 election approaches, with its chief marketing officer, Steven Steele, suggesting its value could rise with Donald Trump's potential re-election. The coin, which has donated over $1 million in Ethereum to charity, aims to rival Dogecoin and Shiba Inu in popularity. Despite competition from other political meme coins like BODEN, Steele remains optimistic about TRUMP's prospects. Donald Trump's changing stance on cryptocurrencies and his significant holding in TRUMP add to the coin's visibility.

Portfolio Pulse from Ivan Crnogatić

May 04, 2024 | 5:08 pm

Benzinga's analysis highlights market optimism following Federal Reserve Chair Jerome Powell's hint at pausing interest rate hikes, contributing to gains in major indices. Bullish views include Tesla's potential rise due to short sellers and Apple's positive outlook post-Q2 earnings. Bearish perspectives focus on AMC's debt concerns, Bitcoin's need for privacy enhancements, and Starbucks' sales challenges. Notably, Shiba Inu is predicted to experience a bullish breakout, contrasting with the cautious stance on AMC and the urgent privacy call for Bitcoin.

Portfolio Pulse from Michael Cohen

May 04, 2024 | 12:53 pm

Cryptocurrency markets rallied with Bitcoin surpassing $60,000, driven by positive macro data and market sentiment. Major cryptos like Ethereum, Dogecoin, and others saw gains. Liquidations totaled $139.22 million, with significant exchange inflows and outflows reported. Spot Bitcoin ETFs experienced a net outflow, while Bitcoin whales accumulated 47,000 BTC. Developments include potential benefits of Hong Kong's Spot Bitcoin ETFs and delayed decisions on Bitcoin-related ETFs by the SEC. Analysts predict further gains if Bitcoin surpasses $67,000.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 7:47 pm

Viktor, a decentralized finance researcher, suggests altcoins may outperform Bitcoin due to recent market trends and past liquidation events. He highlights two scenarios for altcoins in the current market, leaning towards a favorable risk-reward ratio for altcoins compared to Bitcoin. Coinglass data on Bitcoin's liquidations and the performance of altcoins like Ethereum, Solana, Pepe, Dogecoin, and Dogwifhat support his view. The upcoming Benzinga event will further explore Bitcoin's role in the digital asset space.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 3:50 pm

Dogecoin (CRYPTO: DOGE) saw a 4.63% price increase over the last 24 hours to $0.14, despite a weekly trend of a 6.0% decrease from $0.15. The trading volume has increased by 28.0%, while the circulating supply decreased by 0.68%, leading to a current market cap of $19.99 billion, ranking DOGE at #9.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 3:02 pm

Max, founder of BecauseBitcoin, predicts bullish trends for Pepe (PEPE) and Dogecoin (DOGE), citing Pepe's strong performance against Doge and Dogecoin's potential for a rally. Recent data shows Pepe's large transaction volume surged by 23.7%, and its daily active addresses increased by 9.9%, while Dogecoin saw a decrease in large transaction volume by 17.9% but an increase in daily active addresses by 2.5%. DOGE is currently trading at $0.1325, up 0.7%, and PEPE at $0.0000057623, up 2.5%.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 12:10 pm

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