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DOGEUSD

Dogecoin / US Dollar

https://dogecoin.com/

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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Shiba Inu (CRYPTO: SHIB) experienced a significant 1,800% increase in its burn rate, with over 27 million SHIB tokens removed from circulation in 24 hours. This action is part of a new strategy to accelerate token elimination, including an automated system set for testing on Puppynet before Mainnet implementation. The Shiba Inu ecosystem is also seeing growth, with a 4.76% increase in new wallet registrations and a 28.36% rise in active wallet usage. Additionally, a dual-component burning mechanism involving BONE (CRYPTO: BONE) token fees has been introduced. SHIB's price rose by 2.31% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 7:01 am

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains, with Bitcoin surpassing $50,000 for the first time in over two years. The surge followed the launch of spot ETFs and a bullish market trend starting January 2023. The Dow Jones reached a new high, while the S&P 500 and Nasdaq saw slight declines. Cryptocurrency stocks like Coinbase, MicroStrategy, CleanSpark, and Iris Energy also posted substantial gains. Analysts predict further strength for Bitcoin, with potential targets up to $150,000.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 3:10 am

Dogecoin (CRYPTO: DOGE) saw a 2.7% increase to $0.082 amid a broader crypto market rally, driven by a significant surge in Bitcoin, which reached $50,300. The rise in Bitcoin is attributed to increased institutional investment and over $1.1 billion in new capital inflows into spot Bitcoin ETFs. This positive momentum in Bitcoin often leads to increased interest in altcoins like Dogecoin, as investors look for alternative investment opportunities within the cryptocurrency ecosystem.

Portfolio Pulse from Henry Khederian

February 12, 2024 | 7:02 pm

A cryptocurrency analyst, Crypto Tony, predicts Dogecoin (DOGE) will initiate a 'Memeseason' by rising to $0.10, potentially setting off a trend for meme cryptocurrencies. The prediction is supported by an uptick in large-scale Dogecoin transactions and a significant transfer to Robinhood. Another analyst, MindCluster, notes Dogecoin's low DOGE/BTC ratio, while World of Charts suggests a potential 45-50% bullish rally.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 11:06 am

Chainlink (LINK) has surpassed Dogecoin (DOGE) in market capitalization after a whale acquired 4.56 million LINK tokens worth $83.6 million through Binance. This buying spree resulted in LINK's price increasing by 41.8% to $20.57, moving its market cap over $11.76 billion, above Dogecoin's $11.5 billion.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 5:31 am

Cryptocurrencies showed mixed trading as the Lunar New Year began, with Bitcoin, Ethereum, and Dogecoin experiencing varied changes in their prices. Analysts predict a significant price target for Bitcoin, influenced by historical Lunar New Year trends and anticipation of Bitcoin ETFs. The global cryptocurrency market cap increased by 2.90% to $1.70 trillion. U.S. stock futures remained steady, with upcoming economic data releases expected to be closely monitored by traders.

Portfolio Pulse from Mehab Qureshi

February 12, 2024 | 2:43 am

Bitcoin surged to $48,000, driven by spot Bitcoin ETF inflows, marking its third-best inflow day. Ethereum and Avalanche also saw movements, with Avalanche gaining 3.3%. MicroStrategy's Bitcoin holdings increased by 50% to $9 billion, and Coinbase Global's stock rose 7.2% amid the crypto rally. The global cryptocurrency market cap increased by 1.25% to $1.78 trillion. Analysts remain bullish on Bitcoin, anticipating a rally to $50,000 leading up to the Bitcoin halving event in April 2024.

Portfolio Pulse from Khyathi Dalal

February 10, 2024 | 2:08 pm

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm

Dogwifhat (CRYPTO: WIF), a meme coin on the Solana blockchain, has seen a 50% increase in value over three days, outperforming other top meme cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The coin's trading volume expanded by 72%, indicating growing trader interest. Bitfinex announced the listing of WIF, further boosting its visibility. Solana (CRYPTO: SOL) also experienced a 6.4% increase, contributing to the positive sentiment around WIF. Analysts and social media users are predicting further gains for WIF, drawing parallels with other successful meme coins.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:59 pm

Dogecoin (DOGE) has seen a positive shift, trading 1.9% higher on Friday, with analysts predicting a 45%-50% rally if it maintains above the 8-cent level. This uptick is attributed to increased transactions, SpaceX accepting DOGE for a mission, and significant whale activity. Despite a slow start to the week, optimism is bolstered by a growing number of DOGE holders and a surge in new addresses.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:53 pm

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