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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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Dogecoin (DOGE) experienced a 30% surge in the last 24 hours, reaching a price of $0.13 and a market cap of $18.3 billion, surpassing MicroStrategy and Robinhood in market capitalization. MicroStrategy's market cap is $16.34 billion, while Robinhood's is $13.95 billion. MicroStrategy recently invested in 3,000 Bitcoins, bringing its holdings to approximately 193,000 Bitcoins valued at around $11 billion. Dogecoin's futures open interest spiked by 54%, indicating a bullish sentiment among traders.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 11:06 am

Dogecoin, Shiba Inu, and BONK have emerged as top gainers among the top 100 cryptocurrencies, with Dogecoin predicted to surge 600% in price. The total market cap of the top 100 meme cryptocurrencies increased by 12.8% to $23.8 billion. Analyst Kaelo predicts a significant rise for Dogecoin against Bitcoin, suggesting a potential price of $0.63 for Dogecoin. Dogecoin's social dominance score also increased by 600%, indicating growing visibility and interest.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:25 am

Dogecoin (DOGE) experienced a 600% increase in social dominance and crossed the $0.10 mark, with its market cap reaching $16.4 billion, ranking it 10th among cryptocurrencies. Despite the positive sentiment, its RSI of 73.4071 suggests it's overbought, indicating a potential sell-off. Liquidations against DOGE short sellers amounted to $30.52 million. Additionally, Dogecoin saw an 86% increase in new wallet creations and a 37% rise in active wallet addresses.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 4:06 am

Erik Stevens turned a $2,708 investment in MAGA Memecoin (TRUMP) into $3.25 million in just over 6 months, marking his first-ever 1,000X trading success. Stevens, who now holds 1.08% of TRUMP's total supply, remains optimistic about its future, citing recent token burns and growing interest. Despite Donald Trump not endorsing MAGA Memecoin, his wallet passively holds over $3 million worth of TRUMP. The success of MAGA Memecoin is highlighted alongside other significant memecoin trades, amidst varying opinions on the value and impact of memecoin trading.

Portfolio Pulse from Ivan Crnogatić

February 29, 2024 | 3:15 am

Major cryptocurrencies surged, with Bitcoin hitting a 2024 high of $64,000 before a flash crash to $58,700, attributed to a sell wall and liquidation of overleveraged positions. Over $750M was liquidated in the crypto market, with significant volumes in Bitcoin, Ethereum, and Dogecoin. BlackRock's Bitcoin ETF IBIT saw record trading volumes, indicating strong investor interest. Analysts predict Bitcoin could reach $200K if it breaks the $70,000 level, amidst a backdrop of strong economic indicators and anticipation of the supply halving event.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 3:12 am

Dogecoin (DOGE) experienced a 14% increase in value over the past 24 hours, reaching a price of $0.116, a high not seen since 2022. This surge is attributed to large whale transactions and bullish market sentiment. Notably, transactions over $100,000 rose significantly, and substantial amounts of DOGE were transferred to the Binance exchange. Additionally, open interest in DOGE derivatives surged by 29.6%, with trading volumes increasing by 125.6%. The price movement coincides with the Intuitive Machines Odysseus lunar mission, although there's no direct connection to Dogecoin. Amid a broader crypto market rally, Dogecoin's performance has drawn attention, with speculation about further price increases.

Portfolio Pulse from Khyathi Dalal

February 28, 2024 | 8:04 pm

Pepe Coin (CRYPTO: PEPE) experienced a significant surge, increasing 50% in one day and 200% over the past week, with its trading volume surpassing $1.9 billion. The increase began on Feb. 26, with active wallet addresses and whale transactions indicating strong interest. Six wallets made a profit of $2 million by selling Pepe, with one wallet earning a 97% profit in six hours. The crypto community is highly engaged, with predictions of Pepe's market cap reaching between $69 billion to $420 billion. Other meme coins like DOGE and SHIB are also mentioned as part of the meme coin elite.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 5:47 pm

Shytoshi Kusama, the lead developer of Shiba Inu, expressed curiosity about the conspiracy theory-inducing murals at Denver Airport. His interest coincides with a 7.2% rise in Shiba Inu's price, amidst an altcoin season. Shiba Inu, a meme coin based on Ethereum, is part of the cryptocurrency trend alongside Dogecoin.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 11:10 am

Shiba Inu (SHIB) experienced a significant increase in its token burn rate, surging by 1900% and removing over 102 million SHIB tokens from supply in the last 24 hours. A large transaction accounted for the destruction of over 93 million SHIB tokens. This event coincides with a 30% increase in Shiba Inu's Open Interest and a bullish sentiment among traders, particularly on the OKX platform, where the long versus short ratio stands at 2.34. The SHIB community anticipates the launch of the K9 Finance Liquid Staking Derivatives platform and an auto-burning feature to further reduce SHIB's token supply. Additionally, Shibarium developers introduced a dual-component burning mechanism using BONE token fees for manual burns. SHIB's price rose by 5.22% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 10:27 am

Floki Inu (CRYPTO: FLOKI) receives a $10M investment from Web3 investment firm DWF Labs, aiming for market dominance and capitalizing on an anticipated crypto bull run. This follows a previous $5M investment by DWF Labs in May 2023. The crypto community is highly optimistic about Floki's future, especially with the upcoming release of its metaverse game Valhalla. Floki's ambition is to dominate the memecoin space and rise in the global cryptocurrency rankings.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 8:25 am

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