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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 'Dogecoin Killer' Shiba Inu's burn rate has surged by 2,300%, with significant developments like Shibarium and token burns highlighted. Veteran crypto trader Altcoin Sherpa views Shiba Inu as high-frequency trading and advises patience, noting its potential to occasionally outperform Dogecoin despite a capped upside. The recent burn rate increase and a surge in large transaction volume indicate active interest, but the future price trajectory remains dependent on the broader cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

April 02, 2024 | 5:59 pm

Cryptocurrency trader Altcoin Sherpa views Dogecoin (DOGE) as a viable buy-and-hold investment despite recent dips in the crypto market. He highlights Dogecoin's liquidity and the potential for significant price increases due to the 'Elon Musk effect' as pros, while noting the cons as lower potential gains compared to the last cycle and other meme coins having more room to grow. Dogecoin has seen a 30% monthly and 125% yearly increase, reaching the eighth spot in cryptocurrency rankings with a valuation of $26.1 billion. Despite a recent 10% market correction, Sherpa predicts Dogecoin could triple in value in the long term (6 months+), emphasizing its role as a leading meme coin.

Portfolio Pulse from Khyathi Dalal

April 02, 2024 | 3:34 pm

Trader and analyst Davinci Jeremie, known for his early advocacy of Bitcoin, has now shown interest in Shiba Inu, referring to it as the 'Dogecoin Killer'. Jeremie, who famously urged investment in Bitcoin in 2013, responded affirmatively to a query about buying Shiba Inu. Despite Shiba Inu's recent price dip, analysts remain bullish, with predictions of a significant price increase based on Elliott Waves analysis.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 11:01 am

Anatoly Yakovenko, CEO of Solana, announced a fictitious cryptocurrency named 'BunkerCoin' as an April Fool's joke, which led to the creation of a real token on the Solana blockchain, soaring 4000% in value within 24 hours. Despite being a prank, the event highlights the volatility and risk of new cryptocurrencies. Meanwhile, Dogecoin's price rose 6.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 7:58 am

Bitcoin, Ethereum, and Dogecoin experienced a dip as the market corrected, with Bitcoin's volatility increasing ahead of its upcoming halving event, which is expected to further impact its price dynamics. Analysts predict potential all-time highs for Bitcoin before the halving. The global cryptocurrency market cap increased slightly, while traditional stock indexes showed mixed results amid inflation concerns.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 4:23 am

Crypto analyst Kaleo highlighted a potential repeat by Elon Musk of last year's move that significantly boosted Dogecoin's (DOGE) value around April Fool's Day. Musk had changed the Twitter (now X) logo to Dogecoin, causing a surge in its price. Despite Musk's silence on Dogecoin this year, speculation is rife about a possible repeat. Dogecoin, known as a pioneer meme coin, has seen a 125% increase since the start of 2024, with a 42.6% gain over the last 30 days.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 2:36 am

Dogecoin (CRYPTO: DOGE) has seen a 6.74% decrease in price over the last 24 hours, now at $0.20, contrasting with a 12.0% increase over the past week. Trading volume has risen by 37.0%, while the circulating supply decreased by 0.57%, leading to a current market cap of $29.01 billion, ranking DOGE at #9.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:00 pm

BitMEX co-founder Arthur Hayes and Real Vision CEO Raoul Pal discussed the value meme coins bring to the crypto industry by attracting attention and new participants. They highlighted the popularity of meme coins among younger investors and mentioned the success of the Solana-based memecoin dogwifhat (WIF), which recently surpassed Arbitrum (ARB) in market cap. Ethereum co-founder Vitalik Buterin also commented on memecoins, suggesting they could be made useful or charitable.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 9:31 am

Crypto analysts are closely monitoring Dogecoin (DOGE), predicting a potential massive parabolic bull run, mirroring its 2018-2021 performance. Analysts Ali Martinez, Bluntz, and Altcoin Sherpa highlight DOGE's promising patterns and predict substantial price increases. The interest in DOGE futures has peaked, with open interest surpassing $2 billion. Dogecoin's integration into Elon Musk's ventures and its status as a leading memecoin contribute to its speculative appeal.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 6:27 am

Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies experienced significant gains, with Bitcoin nearing the $75K mark if it breaches the neckline resistance. Remarks from Jerome Powell, Chair of the U.S. Federal Reserve, influenced the market positively by maintaining a calm stance on inflation and economic outlook. The global cryptocurrency market cap stands at $2.65 trillion, with a slight decrease in the past 24 hours. Stock futures also saw an increase as Wall Street prepared for Q2. Analysts predict potential movements for Bitcoin starting Tuesday, with a possible test of all-time highs pre-halving.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 3:52 am

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