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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 ended April with significant losses, with Bitcoin, Ethereum, and Dogecoin down 16%, 19%, and 40% respectively. The launch of new Hong Kong Bitcoin ETFs, described as potentially a 'complete failure' by WhaleWire, contributed to the downturn. The ETFs' poor performance, with an average of $1.8 million each, marked the worst ETF launch in history. Additionally, $380 million in positions were liquidated in the last 24 hours, with Bitcoin exchange net flows dropping by 16.1%. Analysts note Bitcoin's current position near the 100-day EMA could lead to a major price rebound or further declines.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 8:05 pm

Cryptocurrency trader Kevin predicts the upcoming FOMC meeting could significantly impact the crypto market, with potential for sharp movements based on the Federal Reserve's stance on interest rates. Historical data shows Bitcoin, Dogecoin, and Shiba Inu reacted to the last FOMC meeting, and similar volatility is expected. Bank of America's economist anticipates no immediate rate changes, focusing on future policy actions.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:53 pm

Cryptocurrency trader 'Crash' highlighted the wealth concentration in meme coins Bonk, Dogecoin, and Floki, with top holders owning a significant portion of the supply. Despite criticism, Crash argues this concentration is typical for successful cryptocurrencies and advises investors to focus on profit rather than fairness. Data shows a high percentage of wealth concentration among top holders and a significant number of transactions and holders in profit for these coins. The performance of these meme coins varies, with Bonk leading in 12-month gains and Floki in three-month gains.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 1:31 pm

Elon Musk has criticized Meta Platforms, Inc. (NASDAQ:META) for allegedly taking credit for traffic originating from his platform, X (formerly Twitter). This criticism follows a lawsuit in Japan against Meta for not verifying ad authenticity, highlighting ongoing issues with Meta's advertising system. Musk also mentioned a personal dissatisfaction with community notes on X, using it to emphasize the platform's efforts in ad verification. Amidst these challenges, Musk has invited advertisers to return to X, pointing out Meta's advertising system glitches and its impact on advertisers.

Portfolio Pulse from Ananya Gairola

April 30, 2024 | 4:40 am

Dogecoin (CRYPTO: DOGE) has experienced a 4.84% decrease in price over the last 24 hours, marking a continuation of its 12% decline over the past week. The trading volume has dropped by 33%, and the circulating supply decreased by 0.76%, with Dogecoin's market cap ranking at #9.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 3:01 pm

Veteran trader 'Cold Blooded Shiller' speculates that certain altcoins, including meme coins, may become irrelevant as the market favors stronger performers and Bitcoin. He notes that some altcoins have failed to maintain their gains, using Polygon (MATIC), Lido (LDO), and ApeCoin (APE) as examples, while others like Dogecoin (DOGE) and Shiba Inu (SHIB) have shown notable gains. The discussion raises questions about the future relevance of underperforming altcoins.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 2:10 pm

Dogecoin (DOGE) experienced a 5.6% decline, closing its lowest weekly candle in two months, with a trader suggesting a potential retest of the $0.125 to $0.13 support level. Despite short-term bearish or choppy expectations, the trader remains optimistic about Dogecoin's long-term growth. Trading volume increased by 13.2%, and despite a 33.5% monthly loss, 80% of holders remain in profit. Large transaction volume surged by 19.6%, and wallet activity shows sustained interest.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 12:41 pm

The article discusses the current state and future prospects of meme coins in the cryptocurrency market, highlighting the skepticism from venture capitalists (VCs) and the impact of meme coins on the crypto industry's legitimacy. It mentions specific cryptocurrencies like Bitcoin (BTC), Apecoin (APE), Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Bonk (BONK), and Solana (SOL), providing insights into their performance and the broader implications for the crypto market.

Portfolio Pulse from Ivan Crnogatić

April 28, 2024 | 9:10 pm

The cryptocurrency market experienced significant events this week, including a 2,211.9% increase in Shiba Inu's burn rate, concerns about market overvaluation, Pepe's potential to outperform Shiba Inu and Dogecoin, the role of memecoins in the adoption of Base's L2 network, and Cathie Wood's prediction that Ethereum could reach a $20 trillion market cap by 2032.

Portfolio Pulse from Benzinga Neuro

April 28, 2024 | 11:04 am

Benzinga's analysis highlights the best and worst performers, with tech stocks like Microsoft showing strong growth potential, especially in AI, and Palantir boosting sales through innovative strategies. Meanwhile, concerns arise over cryptocurrency market stability and potential stock manipulation in Trump Media. Tesla faces accusations of misrepresenting Full Self-Driving capabilities, likening it to Enron.

Portfolio Pulse from Michael Cohen

April 27, 2024 | 6:03 pm

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.