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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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TradeTheFlow, a crypto and macro researcher, has presented a thesis on the rise of meme coins, suggesting they are becoming a new asset class within crypto. This thesis categorizes meme coins into Original (OG) memes like Dogecoin (DOGE) and Shiba Inu (SHIB), Solana memes, and Base memes. The researcher argues that the popularity of meme coins is driven by societal shifts towards high-risk investments and a rebellion against traditional financial systems.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 1:04 pm

Dogecoin (CRYPTO: DOGE) experienced a 25% drop over the past week, leading traders to suggest buying opportunities in the high $0.10s. Influential traders highlighted a key resistance level at $0.17, suggesting a potential reversal if this level is breached with strong market acceptance. Despite the drop, 82% of Dogecoin holders remain in profit, though the coin's ranking slipped from eighth to ninth. Market data shows a decrease in daily active addresses and large transaction volume, indicating a cooling period that could precede a consolidation phase.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 6:17 pm

Cryptocurrency social media personality, Yomi, highlighted the importance of a green week for Dogecoin (CRYPTO: DOGE) to achieve the anticipated Golden Cross, a bull market milestone. Despite recent setbacks with two consecutive red weeks, Dogecoin remains on a path to recovery, needing several weeks of upward price action. The cryptocurrency has seen a significant year-to-date increase of over 77%, outpacing companies like Pinterest and DraftKings in market cap. The upcoming DOGE Day on April 20 is expected to further boost its market position.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 3:50 am

The cryptocurrency market experienced significant losses last week, with Bitcoin, Ethereum, and Dogecoin among the major currencies affected. Notable figures like Dogecoin co-creator Billy Markus and economist Peter Schiff commented on the situation, with Schiff predicting a major crash for Bitcoin. The trading volume for Donald Trump's NFT collection plummeted, while a meme coin parodying Joe Biden surged in value. Edward Snowden provided a measured view on the market's fluctuations.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 6:23 am

Dogecoin (DOGE) experienced a significant price drop of 19.4% alongside notable whale activity, with 374 million DOGE moved in large transactions, including from Robinhood to unknown wallets. This activity coincides with a broader cryptocurrency market correction. Despite the downturn, Dogecoin has begun to recover, trading up 6.71% at $0.1708 on Binance.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 10:08 pm

Billy Markus, co-founder of Dogecoin, humorously commented on the cryptocurrency market crash, where Dogecoin, Bitcoin, and Ethereum saw significant losses. Dogecoin dropped over 19%, Bitcoin fell by 7% to $67,490, and Ethereum by more than 10% to $3,161. The total market liquidation reached approximately $735 million. The downturn comes ahead of the anticipated Bitcoin halving event, expected to potentially surge Bitcoin's price and affect altcoins like Dogecoin.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 2:09 pm

Benzinga's weekly review highlights Wall Street's downturn, with the S&P 500, Dow, and Nasdaq all falling. Oil prices rose due to geopolitical tensions between Israel and Iran. U.S. consumer sentiment dipped, and expectations for a Federal Reserve rate cut decreased. Bullish reports include AMC's CEO dismissing bankruptcy fears, Dogecoin's post-Bitcoin halving surge, and BofA's positive outlook on gold and copper with upgrades for AGI and FCX. Bearish reports cover Trump Media's legal challenges, a lawsuit against Coinbase, and concerns over Tesla's $25K EV project.

Portfolio Pulse from Michael Cohen

April 13, 2024 | 1:28 pm

Edward Snowden mocked the cryptocurrency community's reaction to recent market fluctuations, noting that Bitcoin's price has remained relatively stable over the past week despite a 4.9% drop in the last 24 hours. This commentary comes amid broader market turmoil, with significant drops also seen in Dogecoin and Shiba Inu. The cryptocurrency market is facing heightened volatility, with recent predictions of a major downturn and potential impacts on companies like MicroStrategy.

Portfolio Pulse from Rounak Jain

April 13, 2024 | 8:22 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced significant drops, with $877.8 million liquidated in the crypto derivatives market amid risk-off sentiment in traditional markets due to geopolitical risks. The global cryptocurrency market cap fell by 3.35% to $2.53 trillion. Over 276,647 traders were liquidated, with the largest single liquidation on OKX in the ETH-USD-SWAP valued at $7.19M. Analysts suggest setting price alerts for Bitcoin and caution against expecting a quick recovery.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 9:10 pm

Ahead of DOGE Day on April 20, Dogecoin (CRYPTO: DOGE) exhibits bullish sentiment with a notable 11% price surge over the past week, nearing the $0.20 mark. The event celebrates the meme coin's culture and has sparked positive predictions from traders, expecting a significant price movement beyond $0.25. Dogeverse's successful $1.7 million presale and high trading volume also contribute to the optimistic outlook. High open interest and recent liquidation trends indicate bullish sentiment among traders.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 3:46 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.