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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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Despite a 23% drop in Dogecoin's (DOGE) value since Dec. 9, the number of wallets holding the cryptocurrency has surged, adding 413.8K new wallets in two weeks, marking the fastest growth rate in the network's history. This growth occurs amidst a general downturn in the cryptocurrency market. Dogecoin has outperformed its memecoin rivals, with a higher percentage of holders in profit compared to Shiba Inu, Pepe, and Floki. Analyst Ali Martinez notes Dogecoin's Bollinger Bands indicate an imminent spike in price volatility.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 6:31 am

The global cryptocurrency market cap slightly increased by 0.6% to $1.64 trillion, with major coins like Bitcoin, Ethereum, and Dogecoin trading in the green. Despite high borrowing costs and the Federal Reserve's decision to maintain interest rates, cryptocurrencies showed resilience. Ethereum Name Service, Sui, and Optimism were top gainers. Analyst Michaël van de Poppe predicts a massive bull run for Bitcoin and cryptocurrencies in the next two years and highlights the positive impact of the upcoming Dencun upgrade on Ethereum. Chartist Ali Martinez points out Chainlink's potential for a 38% price increase if it overcomes resistance. Market analytics platform Santiment notes a bearish sentiment in the market, suggesting a possible bounce back.

Portfolio Pulse from Shivdeep Dhaliwal

February 06, 2024 | 5:07 am

Dogecoin (DOGE) has outperformed its memecoin rivals like Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) in terms of holder profitability, monthly losses, and trading volume. Elon Musk's recent activity on Twitter has fueled speculation about Dogecoin's future, particularly regarding its potential use in the X Payments feature. Crypto analyst Ali Martinez predicts increased price volatility for Dogecoin based on Bollinger Bands analysis.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 10:18 pm

Traders turned a $3,694 investment into $1.78 million by trading $dogwifhat, an Ethereum-based copy of the 'Dogecoin Killer' WIF, potentially indicating insider trading. The trade involved 12 new wallets purchasing $dogwifhat simultaneously with the deployer, leading to significant profits. The incident raises questions about the legitimacy of the Ethereum-based meme token and potential 'pump and dump' scenarios.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 7:17 pm

Despite President Nayib Bukele's electoral victory in El Salvador, major cryptocurrencies Bitcoin, Ethereum, and Dogecoin traded in the red. The global cryptocurrency market cap declined by 1.1% to $1.63 trillion. Analysts predict an impending spike in Dogecoin's price volatility and a potential rise in Ethereum's price to $3,000+ in Q2. The cryptocurrency market saw a slight increase in market caps by 0.5% over the past week, despite a 20.3% drop in trading volumes.

Portfolio Pulse from Shivdeep Dhaliwal

February 05, 2024 | 4:50 am

Viral videos of the Charging Bull statue on Wall Street wearing a knitted hat have caused the memecoin Dogwifhat (WIF) to surge 17%. The stunt, which attracted significant attention on social media, has been linked to a potential increase in the coin's popularity, with it trading around $0.25, up from the past 24 hours but still down 50% from its all-time high. The event has been seen as a sign of cryptocurrency culture becoming more mainstream, with memecoins like Dogwifhat, Dogecoin (DOGE), Shiba Inu (SHIB), and Solana (SOL) at the forefront.

Portfolio Pulse from Ivan Crnogatić

February 03, 2024 | 9:24 pm

Benzinga's analysis highlights a strong week for the S&P 500, Nasdaq, and Dow, driven by tech earnings and job growth. Meta Platforms and AMD received bullish outlooks due to Q4 earnings and AI potential, respectively. Dogecoin is predicted to rise. Tesla faces uncertainty after a court ruling against Musk's pay plan, while Amazon's failed iRobot deal and tech market concentration concerns suggest caution.

Portfolio Pulse from Michael Cohen

February 03, 2024 | 1:42 pm

This week in cryptocurrency saw the debut of a GameStop memecoin on Solana, a surge in Optimus AI's market cap following an Elon Musk tweet, predictions of a Dogecoin price jump, a significant increase in Shiba Inu's burn rate, and Donald Trump's criticism of CBDCs. The GameStop memecoin quickly reached a market cap of over $14 million, while Optimus AI's price soared after Musk's tweet. Analyst Muro predicts a 6% increase in Dogecoin's value, and Shiba Inu's burn rate skyrocketed by over 1,500% in a day. Trump expressed concerns over the freedom-threatening potential of CBDCs.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:26 pm

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading higher amid fears of U.S. regional banking instability. The SPDR S&P Regional Banking ETF fell 3.12%, reflecting concerns over increased regulatory scrutiny for regional banks. Analysts predict a potential market peak for Bitcoin by October 2025, following historical trends of post-halving rallies. Cathie Wood of Ark Invest highlighted crypto assets' appreciation during banking crises as a hedge against fiat assets. Bitcoin ETFs, including ARKB and FBTC, continue to see significant volume despite recent market corrections.

Portfolio Pulse from Shivdeep Dhaliwal

February 02, 2024 | 6:28 am

Aliaksandr Klimenka, associated with the defunct BTC-e cryptocurrency exchange, has been arrested and charged by the U.S. DOJ for laundering over $4 billion from criminal activities. His arrest in Latvia and subsequent charges highlight a broader crackdown on illegal cryptocurrency activities, including efforts by U.S. Senator Elizabeth Warren and international actions like Taiwan's new anti-money laundering bill.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 3:47 am

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