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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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Billy Markus, co-founder of Dogecoin, revealed his Bitcoin holdings are less than $350, specifically around 0.006 BTC or $311.21. Despite his minimal investment in Bitcoin, Markus has been a significant figure in the crypto world, having sold all his crypto assets in 2015 for the price of a used Honda Civic. Dogecoin, created as a humorous take on the proliferation of altcoins, has gained popularity, partly due to Elon Musk's support. However, Ripple Labs CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility at the World Economic Forum.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 9:30 am

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, driven by strong U.S. demand for BTC. The Coinbase Premium Index hit a 9-month high, indicating strong buying pressure from U.S. investors. The global cryptocurrency market cap increased by 3.61% to $1.94 trillion. Meanwhile, U.S. stock markets recovered, with the S&P 500, Nasdaq, and Dow Jones showing gains. Analysts issued warnings and advice regarding entering the cryptocurrency market, highlighting a sell signal on the BTC daily chart.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 3:19 am

Dogecoin (DOGE) experienced an 8% price increase, outperforming Bitcoin (BTC) and Ethereum (ETH), which saw 4-6% gains. The surge coincides with the 14th internet anniversary of the Shiba Inu dog Kabosu, the face of Dogecoin. Social dominance for DOGE spiked by 1800% according to LunarCrush Pro. Speculation about Dogecoin's potential adoption for payments on the X platform, fueled by past comments from Elon Musk, also contributes to the interest in DOGE.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 3:46 am

Bitcoin, Ethereum, and Dogecoin surged in a Valentine's Day market rally, with Bitcoin reaching its highest value in 26 months at $52,000 and a market cap over $1 trillion. U.S.-listed spot bitcoin ETFs saw substantial inflows, notably BlackRock's IBIT. Crypto-related equities like Coinbase, Microstrategy, Iris Energy, CleanSpark, Marathon Digital, and Riot Platforms also saw significant gains. Analysts predict Bitcoin could hit $60,000 before the April halving event, as on-chain data shows a decrease in Bitcoin held in exchange wallets, suggesting a shift towards long-term holding.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 2:49 am

Dogwifhat (WIF), a Solana-based memecoin, has seen a 23.2% increase in the past 24 hours, ranking it 5th by market capitalization among memecoins. This surge is attributed to Bitcoin's rise above $52,000. WIF's market cap has reached $461.6 million, surpassing other popular memecoins like Floki and Memecoin. Solana memecoins now represent $1.4 billion of the total $22.8 billion memecoin market cap. Despite lacking real-world utility, these coins attract traders for speculative gains. Joe Ayoub, a crypto expert, referred to WIF as the 'Doge of this cycle.'

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 7:40 pm

Dogecoin (CRYPTO: DOGE) has seen a 5.56% increase in price over the past 24 hours, reaching $0.09. Over the last week, it has risen over 7.0%, moving from $0.08. The trading volume for DOGE has surged 176.0% in the past week, while its circulating supply slightly decreased by 0.01%, now standing at 143.07 billion. Dogecoin's market cap ranks it as the 11th largest, at $12.22 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 7:00 pm

Cryptocurrencies surged despite higher-than-expected U.S. inflation data, with Bitcoin, Ethereum, and Dogecoin experiencing gains. The inflation data led to a decline in stocks and a spike in Treasury yields. Analysts predict a potential significant rally for Bitcoin, suggesting it could reach up to $600,000 with widespread adoption.

Portfolio Pulse from Mehab Qureshi

February 14, 2024 | 2:47 am

Bonk and Pepe, two meme coins, have seen significant weekly gains of 23.5% and 17.6% respectively, outperforming Dogecoin and Shiba Inu. The rally is attributed to Bitcoin's surge to $50,000. Bitstamp's listing of Pepe and bullish social media analysis further spotlight these coins. Despite their popularity, meme coins on the Solana network, like Bonk and Pepe, face volatility due to profit-taking. Dogwifhat, another Solana meme coin, has also seen an 80% weekly gain.

Portfolio Pulse from Khyathi Dalal

February 13, 2024 | 7:21 pm

Crypto analyst Ali Martinez has highlighted a decrease in Dogecoin's transaction volume and whale transaction count, suggesting reduced interest or confidence in DOGE. Despite a brief spike in large transactions last week, the overall trend appears negative. Conversely, Martinez is optimistic about Cardano, noting that overcoming resistance between $0.54 and $0.56 could lead to a bullish move toward $0.68. Another analyst, Crypto Tony, suggests a Dogecoin pump could signal the start of 'meme season'. Currently, DOGE is trading up 2.31% at $0.082.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 11:15 am

A new Dogecoin doppelganger on the Solana network experienced a 9400% increase in value in a single day, with a market cap of $160,690. This surge comes amid Solana's 71.9% increase in December, positioning it as a potential Ethereum killer. The Solana Mobile's announcement of the 'Two' phone for 2025, expected to offer special airdrops and access to Solana-based apps, has also contributed to the network's allure. However, the new Dogecoin's low liquidity of $24,600 suggests potential volatility and challenges for investors.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 7:53 am

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