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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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Developer Mini Doge has launched the Doom video game on the Dogecoin blockchain using Inscriptions Technology, celebrating the game's 30th anniversary. This has led to a 103.4% surge in Dogecoin transactions and an increase in active addresses. Elon Musk hinted at integrating Dogecoin into the payment ecosystem of his company X, and analysts are optimistic about Dogecoin's future performance.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 3:56 pm

Cryptocurrency analyst Bluntz predicts that Dogwifhat (CRYPTO: WIF), a Solana-based meme token and Dogecoin rival, will surge beyond $1. WIF has already experienced a 5,535% increase in value after being listed on exchanges like Binance and KuCoin. Bluntz's analysis, based on the Elliott Wave theory, suggests WIF is in the second phase of a five-phase surge. Messari CEO Ryan Selkis and BitMEX co-founder Arthur Hayes have shown interest in WIF. Meanwhile, Bitcoin (CRYPTO: BTC) saw a slight decrease in price.

Portfolio Pulse from Mehab Qureshi

January 26, 2024 | 10:00 am

Spot Bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC, experienced their first combined negative flows since launching on January 11, with a net outflow of $158 million. GBTC saw a decrease in Bitcoin holdings, while IBIT and FBTC's inflows have slowed. The global cryptocurrency market cap increased by 0.48%, and the S&P 500 and Nasdaq also saw gains. Analysts predict a long-term bullish trend for Bitcoin, with potential for over 600 days of upward momentum.

Portfolio Pulse from Mehab Qureshi

January 26, 2024 | 3:30 am

Altcoins have experienced a price drop following the approval of a spot Bitcoin ETF, with analysts viewing the correction as a buying opportunity. The altcoin market cap surged 68.9% since the filing of BlackRock's iShares Bitcoin Trust (IBIT), but Ethereum (ETH) underperformed by -17%. Bitcoin's market cap dominance increased post-FTX collapse, while altcoins' market share decreased. Top altcoins include Ethereum, Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). Analysts predict a potential surge for altcoins after a final high and full reversal to new lows.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 10:22 pm

Shiba Inu (CRYPTO: SHIB) has seen a 4,200% increase in token burn rate after a new plan to automate burn processes was unveiled. Shibburn reported 15.72 million SHIB tokens were removed from circulation by three anonymous entities. The Shiba Inu ecosystem is implementing a new strategy to accelerate token elimination, including an automated system on Puppynet and Mainnet. Additionally, Shibarium developers introduced a dual-component burning mechanism using BONE (CRYPTO: BONE) token fees. In December 2023, 25 billion SHIB tokens were burned in three events. SHIB's price is slightly down by 0.91%.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 7:11 am

Cryptocurrencies traded mixed amid macroeconomic concerns, with Bitcoin slightly up and Ethereum down. The U.S. dollar index rebounded, reducing expectations for interest rate cuts. The S&P 500 and Nasdaq ended positively, while the Dow Jones fell. Analysts suggest Bitcoin is nearing a critical support level and whales continue to accumulate despite market corrections.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 3:15 am

A cryptocurrency trader known as 'Tarded Degen Gambler' lost $250,000 in January 2024 and shared his experience on X (formerly Twitter), receiving advice to trade responsibly. The story highlights the volatility and risks of cryptocurrency trading, with references to other traders' wins and losses, including the 'Dogecoin millionaire.' The trader has since sworn off using leverage in his future trades.

Portfolio Pulse from Ivan Crnogatić

January 24, 2024 | 6:21 pm

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) are in decline, partly due to institutional sales from ETFs. Grayscale's GBTC has seen significant outflows since converting to a spot Bitcoin ETF, with FTX's bankruptcy estate selling a large portion of its GBTC shares. Analysts predict a massive correction for Bitcoin, while some assets like Bitcoin Cash and Loopring are being actively shorted on Binance. The S&P 500 and Nasdaq hit new highs, and key economic indicators are expected later this week.

Portfolio Pulse from Mehab Qureshi

January 24, 2024 | 3:37 am

Dogecoin (DOGE) and Shiba Inu (SHIB) have outperformed newer Solana-based memecoins Dogwifhat and Myro, which have seen significant declines from their recent highs. Despite a general downturn in the cryptocurrency market, Dogecoin maintains a strong network dominance, with high transaction activity suggesting its potential as a payment system. Shiba Inu's Shibarium blockchain has also seen a surge in activity. A notable SHIB transaction and a SHIB whale's involvement in burning tokens have been highlighted, indicating continued interest in these meme coins.

Portfolio Pulse from Khyathi Dalal

January 23, 2024 | 10:54 pm

Shiba Inu's (CRYPTO: SHIB) burn rate increased by 450%, with over 146 million SHIB tokens burned in a single day. A significant transaction removed over 100 million SHIB. The crypto derivatives market saw increased activity in SHIB, with an Open Interest (OI) of $18 million. OKX exchange led in SHIB derivative trades with $7.5 million in OI. The long versus short position ratio suggests a bullish sentiment. Despite this, SHIB's price was down 3.45% at $0.000008949.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 11:00 am

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