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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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Bitcoin and Ethereum have seen significant gains, with Bitcoin surging almost 6% and both cryptos up 14% and 11% respectively since Feb. 5. Dogecoin, however, has shown weakness, stalling above the 8-cent mark. The Grayscale Bitcoin Trust ETF (GBTC) has risen about 14% over the last four trading days, potentially setting up for a gap open on Monday. Bitcoin and Ethereum are facing technical resistance levels, while Dogecoin struggles with low trading volume and a lack of direction.

Portfolio Pulse from Melanie Schaffer

February 09, 2024 | 7:43 pm

Bitcoin has surged past $47,000, a 16% increase since Jim Cramer's skeptical tweet on Jan. 22. The rise defies Cramer's prediction and has been accompanied by a shift in market sentiment from neutral to greed. Technical indicators and analysts suggest further gains, especially with the upcoming halving event. Other cryptocurrencies like Ethereum and Solana have also seen increases in value. The broader market rally, including a historic S&P 500 high, adds to the bullish sentiment in digital assets.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 3:18 pm

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged amid a backdrop of strong corporate profits and increased accumulation by large holders. The surge coincides with the Nasdaq Composite and Dow Jones Industrial Average experiencing gains, driven by tech giants like Nvidia, Microsoft, and Meta Platforms. New York Community Bancorp's shares rose despite a Moody's downgrade, amidst concerns over its exposure to troubled commercial real estate loans. Analysts suggest the correction for Bitcoin may be over, indicating a potential pre-halving rally.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 3:49 am

Dogecoin (DOGE) saw a 2.3% increase to $0.08 despite no specific news. Michael Saylor of MicroStrategy Inc. (MSTR) discussed Bitcoin's potential as an institutional asset, likening its emergence to that of gold ETFs and the S&P index ETF. U.S. Treasury Secretary Janet Yellen emphasized the need for cryptocurrency-specific legislation during a House Financial Services Committee hearing, focusing on stablecoins and non-security crypto assets.

Portfolio Pulse from Henry Khederian

February 07, 2024 | 10:28 pm

Cryptocurrency analyst Inmortal predicts that Floki (CRYPTO: FLOKI) will be the standout meme coin in the current bull run, potentially replicating Dogecoin's (CRYPTO: DOGE) 2021 rally. Floki has seen sideways trading throughout 2023, similar to DOGE before its spike. The Floki team has also addressed concerns from the Hong Kong Securities and Futures Commission by implementing measures to restrict Hong Kong residents from participating in their staking programs. FLOKI's price has recently increased by 1.37%.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 11:11 am

As the Lunar New Year approaches, dragon-themed cryptocurrencies, including Year of the Dragon (YOD), Dragon (DRAGON), and Silly Dragon (SILLY), have seen significant price increases, outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The surge in these tokens' values is attributed to the festive period, with YOD experiencing a 40% increase, DRAGON a 29% rise, and SILLY an 8% upswing. This trend highlights the impact of cultural events on cryptocurrency markets, though investors are cautioned about the potential volatility of such themed tokens.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 8:06 am

Major cryptocurrencies surged following MicroStrategy Inc's announcement of acquiring an additional 850 BTC, boosting its holdings to 190,000 BTC. The company's stock, along with Coinbase, Riot Platforms, and Marathon Digital, experienced growth. Analysts predict a period of consolidation for Bitcoin, with Ethereum expected to outperform due to upcoming upgrades and significant ETH withdrawals from exchanges indicating strong holder sentiment.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 2:51 am

The GameStop-inspired meme coin (GME) surged 150% in two days, with trading volumes hitting $14.4 million. This rally is attributed to a report predicting GameStop's positive Q4 2023 earnings and early profitability. Meanwhile, GameStop's stock (NYSE:GME) increased by 3.7%. Other meme coins on Solana, such as Dogwifhat and Bonk, experienced declines. The surge in GME coin's value has sparked discussions in the crypto community, with significant attention from crypto whales and speculation about its future potential.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 9:29 pm

Bittensor (CRYPTO: TAO) reached a new all-time high of $516, marking a 13% increase on the day and a 113% increase over the last 30 days, bringing its market capitalization to over $3 billion. Analysts are bullish, predicting it could surpass the market caps of Shiba Inu (CRYPTO: SHIB) and Cardano (CRYPTO: ADA). The surge in AI token market capitalization and anticipation of Nvidia's earnings are contributing factors. High-profile endorsements and comparisons to Bitcoin and Ethereum for AI decentralized applications highlight its potential.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 5:31 pm

Andrew Kang, co-founder of Mechanism Capital, announced an investment in Trump-related meme coins and NFTs, causing the $TRUMP token to surge 32%. Kang believes $TRUMP can rival Dogecoin and Shiba Inu due to Trump's ability to monopolize attention, especially with the upcoming U.S. primary elections and court cases. The Ethereum version, MAGA memecoin, is highlighted for its high market cap and community support. Risks include Trump disavowing the coin. $TRUMP's value has increased 100X since its launch, with a current market cap of $115 million.

Portfolio Pulse from Ivan Crnogatić

February 06, 2024 | 2:10 pm

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