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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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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains amid selling pressure over the weekend. Analysts predict a potential surge in Bitcoin's value post-halving, with projections reaching $100K-$150K. The global cryptocurrency market cap experienced a decrease, while stock futures remained relatively unchanged. Analysts highlighted key price levels for Bitcoin and the potential for a shift towards altcoins.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:14 am

Elon Musk humorously discussed the idea of creating the Texas Institute of Technology & Science (T.I.T.S) and an Advanced Social Studies department (A.S.S), with tuition potentially paid in Dogecoin (DOGE). The playful exchange took place during an X Spaces session with Professor Gad Saad and was shared by a Dogecoin enthusiast. Musk, known for blending humor with business, has previously influenced markets and public opinion with his social media interactions. This instance highlights his unconventional approach and the impact of CEOs' social media presence on corporate communication.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 3:58 am

Over $700 million in cryptocurrencies including Bitcoin, Ethereum, and others were liquidated in 24 hours as Bitcoin's value dipped below its previous all-time high. MicroStrategy plans to offer $525 million in convertible senior notes to purchase more Bitcoin as its price nears $70,000.

Portfolio Pulse from Bibhu Pattnaik

March 16, 2024 | 8:53 pm

A significant transfer of 118.4 million Dogecoin (DOGE) to Robinhood, valued at over $33.8 million, has sparked speculation in the cryptocurrency community, with some suggesting Elon Musk could be the sender. This follows Musk's hint at a Tesla event about accepting DOGE payments, which led to a surge in Dogecoin's value. The transaction is part of a larger movement of approximately 200 million DOGE to Robinhood over two days. Meanwhile, the Shiba Inu ecosystem is anticipating updates, and a spike in SHIB transaction volumes indicates increased interest from major investors.

Portfolio Pulse from Bibhu Pattnaik

March 16, 2024 | 5:52 pm

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

Crypto analyst Michael van de Poppe advises investors not to fear the recent dip in Bitcoin's value, viewing it as a buying opportunity, especially for Dogecoin, Shiba Inu, and other altcoins. He predicts a potential 2-5x gain in altcoins post-correction, suggesting a bullish market cycle is beginning. Despite some analysts' warnings of a market downturn, El Salvador continues its Bitcoin acquisition, showing confidence in its value.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 11:00 am

Floki Inu (CRYPTO: FLOKI) experienced a 4.2% drop to $0.0002669, influenced by a broader cryptocurrency market pullback led by Bitcoin's decline after reaching a new all-time high of $73,000. The market's sentiment-driven nature and speculative trading behaviors contribute to such volatility. Floki Inu, a spinoff of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), reacts to market movements alongside other altcoins.

Portfolio Pulse from Henry Khederian

March 15, 2024 | 11:59 pm

Dogecoin (DOGE) experienced a significant sell-off with a whale offloading 86 million DOGE, causing its monthly gains to drop to 90%. Despite this, the number of Dogecoin holders and large transactions have increased, and technical traders remain optimistic about its future, partly due to speculation about Tesla potentially accepting DOGE payments.

Portfolio Pulse from Khyathi Dalal

March 15, 2024 | 8:20 pm

Bitcoin, Ethereum, and Dogecoin experienced pullbacks, with Bitcoin dropping over 8% before a slight recovery. Despite recent declines, Bitcoin has surged about 60% since the end of December 2023. Bank of America's Michael Hartnett suggests current economic conditions favor investments in cryptocurrencies. The Grayscale Bitcoin Trust ETF (GBTC) is highlighted as a way for traders to play Bitcoin's movements. Technical analysis indicates potential for consolidation or further declines for these cryptocurrencies.

Portfolio Pulse from Melanie Schaffer

March 15, 2024 | 6:57 pm

Cryptocurrency market sees a significant decline with Ethereum and Bitcoin leading the losses, trading below key levels of $3,700 and $68,000 respectively. Conflux emerges as the top gainer, while Bitcoin SV records the largest loss. The global crypto market cap drops by 6.2% to $2.57 trillion.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 1:34 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.