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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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Cryptocurrencies traded mixed after the Labor Department's Bureau of Labor Statistics reported a 0.6% increase in the producer price index, indicating higher than expected inflation. This led to a sell-off in cryptocurrencies, with Bitcoin, Ethereum, and Dogecoin experiencing varied price movements. Grayscale moved $400 million in Bitcoin to Coinbase, contributing to market volatility. Over 161,570 traders liquidated positions worth $547.19 million. Analysts predict a bright future for Bitcoin, expecting its value to reach $500K as spot ETF inflows increase.

Portfolio Pulse from Mehab Qureshi

March 15, 2024 | 3:36 am

Crypto analyst Andrew Kang predicts that the frog-themed meme coin Pepe (CRYPTO: PEPE) will outperform Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), citing Elon Musk's recent preference for Pepe. Despite past challenges, Pepe has seen a significant rise, with its value increasing by 842% over the past month and its market capitalization surpassing $4 billion. Musk's indirect association with Pepe could further drive its value, even as he recently endorsed Dogecoin at a Tesla event.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 7:46 pm

Dogwifhat (WIF) saw a 26% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), with its market cap surpassing $3 billion. Arthur Hayes and Raoul Paul expressed support for WIF. A significant trade was highlighted where a trader sold 8.18 million WIF tokens for a 10x profit. The meme coin's marketing stunts, including a Vegas Sphere display, have contributed to its popularity. Speculation about Coinbase listing WIF in 2024 and bullish sentiment from traders suggest a positive outlook for the coin.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 6:39 pm

The 'Jeo Boden' meme coin, inspired by a humorous misspelling of U.S. President Joe Biden's name, surged 252% in value on the Solana blockchain, leading to a broader interest in meme coins including Dogecoin and Shiba Inu. This trend coincides with Bitcoin reaching new price highs, indicating a growing interest in cryptocurrency investments. A notable investor, Barkery, turned a $260 investment into $423,000 by trading BODEN tokens.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 4:47 pm

Myro (CRYPTO: MYRO), dubbed the 'Shiba Inu of Solana', surged 31% in 24 hours, reaching a new all-time high of $0.4378 and a market cap over $400 million. This follows recent listings on Uphold and SunCrypto, and a positive outlook from analysts and traders. Comparatively, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw gains of 8.5% and 2.5% respectively. Traders predict further significant growth for Myro, with technical analysis suggesting a potential rise to $2.17.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 4:35 pm

Cryptocurrency prices experienced fluctuations following the release of U.S. Producer Price Index data, with Ethereum falling below $4,000 and Bitcoin dropping below $73,000. Bittensor and ApeCoin were among the top losers, while dogwifhat led the gainers. The global crypto market cap increased by 2.1% to $2.76 trillion.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 1:32 pm

Dogecoin (DOGE) is showing strong 'Buy' signals across various technical indicators, as noted by analyst Vibranium Capital on TradingView. The cryptocurrency has surpassed resistance levels and is expected to break out to higher prices, with targets set at $0.28-$0.435-$0.57. Elon Musk's recent comments about potentially accepting DOGE for Tesla purchases have further fueled interest in the coin. Currently, DOGE is trading up 7.83% at $0.18.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 11:00 am

Elon Musk, CEO of Tesla and SpaceX, hinted during a visit to the Berlin gigafactory that Dogecoin (DOGE) might eventually be accepted as payment for Tesla vehicles. Musk's endorsement of DOGE, citing it as 'the people's crypto', follows requests from employees at both Tesla and SpaceX. This marks Musk's first public mention of Dogecoin since April 2023. At the time of the announcement, DOGE was trading at $0.18, reflecting an 8% increase over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 4:50 am

Cryptocurrencies showed mixed performance with Ethereum completing the 'Duncun' upgrade, aimed at reducing data fees on layer-2 networks. Bitcoin reached a new all-time high, attributed to the success of spot BTC ETFs and MicroStrategy's bond offering to buy more Bitcoin. The global cryptocurrency market cap increased by 1.73%. Stocks, including Nvidia, closed lower, while Coinbase and MicroStrategy stocks rose. Analysts predict continued growth for Bitcoin, with potential for a liquidity crisis due to high ETF inflows.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 3:52 am

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant gains, but not as much as other meme coins. SHIB's long-term holder addresses decreased, and its burn rate and daily transactions have dropped. DOGE's holders in a specific range have also decreased, but its price correlation with Bitcoin is high. Technical analysis suggests DOGE's major gains are yet to come. Binance waived interest fees for borrowing several meme coins, including DOGE and SHIB, to possibly promote them. Despite some concerns, analysts remain bullish on these tokens.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 9:20 pm

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