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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 market cap for the top 100 meme-themed cryptocurrencies surged to $26.5 billion, a 10% increase, driven by Bitcoin's rally to $56,000. Santiment highlighted significant traction in meme coins like Pepecoin, Floki, and Dogwifhat, with warnings about FOMO in the crypto market. Pepecoin saw a 23% increase in 24 hours, reaching its highest value since May 2023. Dogecoin and Shiba Inu also experienced surges of 8-12% in a single day.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 5:14 am

Bitcoin, Ethereum, and Dogecoin experienced significant gains, with Bitcoin reaching a 27-month high around $57,000. The surge is attributed to growing investor optimism and investments in spot Bitcoin ETFs. The cryptocurrency market's bullish sentiment is reflected in the Fear & Greed Index at 79, indicating 'extreme greed'. Analysts predict Bitcoin could reach $88,000 by the end of 2024, driven by institutional bullish sentiment and upcoming Bitcoin halving.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 3:02 am

A trader achieved an unrealized gain of $582,000 by taking a long position on Dogwifhat (WIF), a cryptocurrency that has seen a significant price surge, outperforming established memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). Dogwifhat's market capitalization nearly doubled in a week, and it's now being closely watched by traders and analysts. The crypto community is abuzz with speculation about potential listings on Binance and Coinbase.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 8:18 pm

Dogecoin (DOGE) experienced a 10% rally, driven by a significant increase in large transactions and recent ecosystem developments. Trading volumes surged 319.6%, and DOGE re-entered the top 10 cryptocurrencies by market cap. Twitch announced it would accept DOGE for its Turbo subscription, and Bitflyer, a major Japanese exchange, listed DOGE. Whale transactions and derivatives metrics also saw increases. Dogecoin led meme coins in social activity, outperforming Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK). Analysts and traders are bullish, with predictions of further price increases.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 6:01 pm

Tesla Inc (TSLA) could have made nearly a $20 billion profit on its Bitcoin (BTC) investment if it had followed Michael Saylor's advice to convert its balance sheet to Bitcoin. Tesla disclosed a $1.5 billion Bitcoin purchase in February 2021 and made sales in 2021 and 2022, realizing a potential profit of $1.208 billion. However, based on the cash Tesla had at the end of the third quarter of 2020, it could have bought 598,934.4749 BTC, which would be worth $34,025,293,828.10 today, nearly a $20 billion profit. MicroStrategy, led by Saylor, remains one of the largest Bitcoin holders.

Portfolio Pulse from Chris Katje

February 27, 2024 | 4:47 pm

Dogecoin (CRYPTO: DOGE) has seen a 12.12% increase in price over the last 24 hours, reaching $0.10. This is part of a larger trend, with a 13.0% gain over the past week. The trading volume for Dogecoin has risen by 37.0%, although its circulating supply decreased by 0.14%. Currently, Dogecoin's market cap ranks it as the 11th largest, at $13.71 billion.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:01 pm

Floki (FLOKI) announced reaching a staking total value locked (TVL) all-time high of $105 million, surpassing Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) in TVL. Over 25% of FLOKI's supply is staked, with investors potentially earning TOKEN rewards with an APY of up to 160%. Comparatively, Dogecoin's TVL is $3.78 million, Shiba Inu's $1.1 million, and Pepe Coin's $9.4 million. Cryptocurrency analyst Scofield predicted a price increase for FLOKI, which saw a 35% rise in a week.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 9:17 am

Bitcoin surpassed $56K, with Ethereum and Dogecoin also seeing gains as the crypto market cap exceeds $2T. The surge is attributed to factors like spot Bitcoin ETF inflows and positive investor sentiment. Trading volumes for nine spot Bitcoin ETFs hit a record $2.4 billion, with BlackRock's IBIT leading. MicroStrategy expanded its Bitcoin holdings. The S&P 500 and Nasdaq saw declines, while stocks linked to Bitcoin's price, including Coinbase and Microstrategy Inc, surged.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 2:59 am

Floki Inu (FLOKI) experienced an 18% increase in its trading price, coinciding with a surge in Bitcoin's price to around $55,000, a 52-week high. This rise in Bitcoin's price has positively impacted altcoins and crypto-related stocks, with Bitcoin mining stocks notably gaining due to strong earnings and a bullish cryptocurrency market trend. Floki Inu, a spinoff of Dogecoin (DOGE) and Shiba Inu (SHIB), gained attention following an Elon Musk tweet.

Portfolio Pulse from Henry Khederian

February 27, 2024 | 12:04 am

Dogwifhat (WIF), dubbed the 'Shiba Inu killer', surged 32% in the past 24 hours, outperforming other dog-themed memecoins and the broader crypto market, which saw a 5.5% rally in Bitcoin. This increase pushed Dogwifhat's market cap, making it the fourth largest among dog-themed memecoins. Analysts and traders, including DeFi.Pope and TheFlowHorse, predict a continued bullish trend for WIF, with significant holder growth and potential for further price increases.

Portfolio Pulse from Khyathi Dalal

February 26, 2024 | 10:47 pm

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