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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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Dogecoin (DOGE) has seen a significant increase in new addresses, with over 890,000 created in the past week, indicating a surge in network activity and adoption rate. The upcoming SpaceX Doge-1 moon mission is generating optimism about Doge's price potential. Dogecoin's price has gained 2.2% over the past week, with a slight 0.1% increase in the last 24 hours. Speculation is growing that Dogecoin will be used as a currency following the approval of a money transmitter license for X in 19 states. Experts and fans are predicting a bullish future for Doge, with potential price movements discussed.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 10:07 pm

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin fell after the Fed maintained interest rates, with Powell's comments reducing hopes for a March rate cut. The global crypto market cap dropped by 8.29%. Stocks also declined, with the Dow Jones, S&P 500, and Nasdaq falling. Treasury yields hovered around 3.9%, and Alphabet's shares dropped over 7% due to weak ad revenue. Analysts predict Ethereum could reach $3,500-4,000 in 3-6 months, and the Bitcoin Halving in April 2024 may influence market trends.

Portfolio Pulse from Mehab Qureshi

February 01, 2024 | 3:01 am

Elon Musk's tweet featuring a video of Tesla's humanoid robot, Optimus, caused a 25% surge in the price of the memecoin Optimus AI (OPTI). Blockchain entrepreneur Bruno Volcovinsky commented on the quick money-making opportunity this presents for investors. Crypto analyst Tiredwtf noted Musk's significant influence on crypto prices, referencing past surges in Dogecoin and other Elon-inspired coins. However, the price of OPTI has since corrected, falling back to around 20 cents.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 10:22 pm

Qiao Wang, a crypto founder and former Messari employee, emphasizes the importance of anticipating memes and narratives in the crypto market. He suggests that understanding and acting on these trends is crucial for success in public crypto markets. Memecoins like Dogecoin and Shiba Inu, despite lacking fundamental value, have achieved multi-billion dollar valuations. Wang's insights highlight the role of 'degens' (high-risk tolerance crypto traders) as pioneers who often lead the way in adopting new coins and finding use cases, such as stablecoins. While not all retail investors may want to become degens, observing their strategies can be beneficial for understanding market trends and making successful investments.

Portfolio Pulse from Ivan Crnogatić

January 31, 2024 | 2:47 pm

Dogecoin (DOGE) has seen a significant increase in new addresses, with a 1,100% rise in a week and a record 247,240 new addresses on January 29 alone. The price of DOGE surpassed $0.80 recently, aided by its acceptance as payment by the Dallas Mavericks and speculation about its integration on an unnamed platform, potentially influenced by Elon Musk. Analysts predict a positive impact on DOGE prices, with one analyst's tweet preceding a price pop.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 11:00 am

Crypto analyst Ali Martinez has signaled a buy for Shiba Inu (CRYPTO: SHIB), based on the TD Sequential indicator, suggesting a potential rally with targets of $0.010 or $0.011. The indicator is known for its accuracy in predicting SHIB price movements. Additionally, Shiba Inu's marketing leader Lucie S mentioned that their Layer-2 solution Shibarium is expected to onboard nearly 1,000 new projects.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 7:53 am

Cryptocurrencies showed mixed performance ahead of the Federal Reserve's rate decision, with Bitcoin ETFs experiencing significant inflows, particularly from BlackRock's IBIT and Fidelity's FBTC. The Invesco Galaxy Bitcoin ETF announced a fee reduction to 0.25%. Analysts suggest Bitcoin may consolidate before a potential increase due to the upcoming halving event, while Bitcoin whales have been accumulating, indicating bullish sentiment.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 3:04 am

The meme coin with the ticker $GME has seen a 330% increase in value over the past 24 hours, surpassing $40 million in market capitalization. This surge in the cryptocurrency has been accompanied by a significant rise in social media interest, particularly on the platform formerly known as Twitter, where the $GME ticker has been trending. The trading volume of the meme coin has exceeded that of GameStop's stock, with $22.3 million traded in the last day. Crypto researcher Jack Niewold speculates that the market cap of the meme coin could potentially surpass that of GameStop's stock.

Portfolio Pulse from Ivan Crnogatić

January 30, 2024 | 9:34 pm

Vitalik Buterin's tweet in Chinese saying 'We'll learn to meow together' has inadvertently led to the creation of a new memecoin with a ticker symbol '喵喵喵喵' (Chinese for 'meow meow meow meow'), reaching a $5 million market cap within hours. Justin Sun, founder of Tron, supported the coin, promising a listing on his exchange, Poloniex. This event highlights the influence of prominent figures in the crypto space and the volatile nature of memecoins, which can surge in value following endorsements or social media activity.

Portfolio Pulse from Ivan Crnogatić

January 30, 2024 | 5:18 pm

Shiba Inu (CRYPTO: SHIB) experienced a significant increase in token burns, with a 1,500% rise in a single day. This surge is linked to the upcoming integration of 1,000 new projects into Shibarium, their Layer-2 solution. Shibarium currently supports NFTs, DEXs, and dApps, and has a TVL of $808,810. The burn was executed by three entities sending 59 million SHIB to a 'dead' address, effectively removing them from circulation.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 8:57 am

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