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Dogecoin News
Newsbtc
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Dogecoin (DOGE) Falls to Support: Can It Avoid a Breakdown?
- Dogecoin (DOGE) falls below $0.1120 support, but remains stable above $0.100.
- DOGE price is trading below the $0.1120 level and the 100-hourly simple moving average.
- A major bearish trend line is forming at $0.1175, which could act as a resistance.
- If DOGE fails to climb above $0.1095, it may face further declines toward $0.100 support.
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Crypto-News-Flash
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DOGE News: Elon Musk’s Trillion-Dollar Vision Sparks Dogecoin Surge, Is a $1.60 Target Next?
- Elon Musk's vision of becoming the world's first trillionaire has sparked speculations of a Dogecoin price boom.
- Dogecoin remains one of the best-performing memecoins, with a surge of 19% in the past week.
- Market participants are speculating a price target of $1.60 for DOGE.
- Investors should exercise caution as Open Interest has declined by 5.06% to $651.74 million.
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Newsbtc
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Humor Or Sarcasm? Dogecoin Leaps 20%, Co-Creator Says He Doesn’t Know Why
- Dogecoin (DOGE) experienced a 20% surge in just a few days, reaching $0.13080 from $0.10745.
- Co-creator Billy Markus humorously claimed to have no idea why the price jumped.
- Whale activity, with major holders acquiring 1.4 billion DOGE valued at $140 million, is believed to be behind the price surge.
- Some analysts predict a potential breakout for Dogecoin, with expectations of reaching $1.6 in the near future.
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Zycrypto
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Why Dogecoin Is Setting Up For An Explosive 1,200% Jump To $1.6, According To This Analyst
- Dogecoin (DOGE) is showing signs of a bullish reversal, potentially leading to a 1,200% surge to $1.6.
- DOGE has been trading inside a falling wedge pattern, indicating a breakout is imminent.
- Historically, Dogecoin has rallied following a breakout from a falling wedge pattern.
- Dogecoin whales are accumulating the cryptocurrency, suggesting bullish sentiment and potential upward movement.
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Crypto-News-Flash
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Dogecoin and Bellscoin Rewards Available for Binance Users Through Litecoin Mining
- Binance Pool now allows users to earn rewards in Dogecoin and Bellscoin through merged mining.
- Merged mining allows miners to mine two cryptocurrencies simultaneously using the same equipment.
- Bellscoin, launched by the creator of Dogecoin, is not yet listed on Binance.
- The earnings from Bellscoin mining will not be affected by Litecoin or Dogecoin earnings.
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Hackernoon
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Why your Memecoin Could Get Institutional Investment
- The first memecoin in existence is Dogecoin (DOGE), created by Australian marketer, Jackson Palmer and American software engineer, Billy Markus.
- Memecoins are cryptocurrency-based on internet jokes and aim to offer unique features, much like Bitcoin or Ether, but largely provide investors with profits while entertaining them. There are 2694 memecoins with a total market cap of more than $37.1 billion to date.
- Shiba Inu (SHIB), the second largest memecoin by market cap, allows investors to reinvest money in its ecosystem through liquidity mining. Other memecoins include Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Floki (FLOKI), Brett (BRETT), Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dog’s World (MEW).
- Although memecoins are a risky investment, as their success depends on their popularity, they have attracted significant institutional interest. In between February and April 2024, institutional holdings in memecoins surged by 226% to $204 million, peaking at $293.7 million in April before falling to $139 million due to market volatility.
- Obyte platform offers a more affordable and easier way to create a memecoin on Asset Registry. With only basic details like the name and supply, users can create a customized token by paying a tiny fee of less than $1 in GBYTE without a need for programming knowledge.
- Creating a memecoin needs heavy promotion, building social channels, and using incentives for holding and using the coin. Collaborating with influencers to attract more users can bring visibility to the coin and create its own community.
- Despite their volatility, lack of real utility, credibility, and security risks, memecoins market cap has grown up to 402% since March 2021 as per Coinmarketcap (CMC).
- Institutions are investing in profitable financial jokes, like DOGE, PEPE, and SHIBA, seeing their potential to attain future market improvements.
- The regulatory focus on stablecoins limits memecoins' visibility for now, but memecoins with active and passionate communities remain attractive for investors.
- A memecoin's popularity is determined by how fun and meme-worthy it is, and they can acquire real-world value if they become popular enough. Regulators are currently focused on stablecoins instead of memecoins, leaving it to be a wild free market.
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Crypto-News-Flash
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WIF, BONK, FLOKI: Dog Meme Coins Poised for Double-Digit Gains This Week
- Analysts predict double-digit gains for Dogwifhat (WIF), Bonk (BONK), and FLOKI (FLOKI) as they break above descending trendlines.
- FLOKI is expected to rise by 21% from its current price of $0.000158.
- The meme coin ecosystem has seen significant growth, with a combined market cap of $50 billion.
- Bonk (BONK) is expected to rise by 19%, while Dogwifhat (WIF) and Floki (FLOKI) have potential gains of 25% and 21% respectively.
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Bitcoinist
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Dogecoin About To Break Out Of Falling Wedge, Get Ready For 1,150% Surge To $1.6
- Crypto analyst Trader Tardigrade predicts a breakout for Dogecoin.
- The Dogecoin price has been in a Falling Wedge pattern and is showing early signs of a breakout.
- Previous patterns suggest that Dogecoin could reach a new all-time high.
- Trader Tardigrade predicts a potential surge of 1,150% to $1.6 for Dogecoin.
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Crypto-News-Flash
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Dogecoin, WIF, and BONK Rally: Meme Coins Steal the Spotlight Today
- Dogewifhat, Dogecoin, and Bonk Inu are leading the meme token market with impressive growth.
- WIF and BONK, built on Solana, demonstrate resilience despite market corrections.
- Dogecoin's on-chain activity has increased, signaling renewed interest in the meme coin market.
- WIF maintains its strength and attracts investor attention with a surge in Open Interest.
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TheNewsCrypto
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BlockDAG Rolls Out $1M Giveaway for Its Growing Community—While Dogecoin Gains Momentum & Near Protocol Seals a Major Deal!
- BlockDAG is capturing the spotlight with its $1 million giveaway, attracting participants to win substantial rewards and promote community expansion.
- Dogecoin's price forecast indicates a potential 91% surge if it surpasses the $0.11 mark.
- Near Protocol collaborates with Nillion to enhance blockchain privacy and decentralized AI development.
- BlockDAG's presale has amassed over $77 million, with over 13.2 billion coins sold, demonstrating significant community growth and potential high returns.
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Bitcoinist
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Dogecoin Aims For The Moon: Crypto Analyst Reveals Next Target
- Dogecoin’s price has surged past $0.12, confirming a bull breakout from a multi-month downtrend.
- Crypto analyst Crypto Rand predicts that Dogecoin is heading towards a moonshot.
- The immediate target for Dogecoin is a 16% price increase to $0.14, with subsequent targets at $0.17 and $0.225.
- Dogecoin's breakout has garnered attention from veteran traders and analysts, who anticipate even greater gains.
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Bitcoinist
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Crypto Veteran Turns Bullish On Dogecoin, But What About Shiba Inu?
- Crypto veteran Peter Brandt has turned bullish on Dogecoin and predicts a potential massive rally, with a price target of $2.5 in the long term.
- Other analysts, such as Crypto Kaleo and Master Kenobi, also predict a rise in Dogecoin's price, with Kaleo reaffirming his prediction of DOGE reaching $1.
- Shiba Inu, the second-largest meme coin, has experienced a surge in the last seven days and has gained attention. Santiment reports high FOMO and warns of a potential local top before it surpasses its year-high of $0.000043.
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Zycrypto
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Dogecoin Whales Stack Up 1.4 Billion Coins As Veteran Trader Eyes Blistering DOGE Rally
- Dogecoin whales have bought 1.4 billion DOGE worth $140 million in 48 hours.
- This signals institutional or deep-pocketed investor interest in Dogecoin.
- Chart expert Peter Brandt sees a potential breakout in Dogecoin's descending channel.
- Dogecoin's price has seen growth amidst the overall recovery in the cryptocurrency market.
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Cryptoticker
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Dogecoin Price Prediction: Is DOGE price about to explode?
- Dogecoin is currently priced at $0.12394, with a 24-hour trading volume of $55.52 billion, a market capitalization of $18.11 billion, and a market dominance of 0.78%.
- Dogecoin has been breaking out of its downward trend after being stuck there for approximately six months, leading to speculation of a noteworthy upward trend.
- The current outlook for Dogecoin is bullish, with the Fear & Greed Index sitting at 64, indicating 'Greed'.
- 'Crypto Rand' warns investors not to underestimate Dogecoin's potential, suggesting that DOGE is in the process of 'loading the moonshot'.
- If Dogecoin sustains its breakout and continues to attract investor interest, it may see significant gains in the coming weeks and months.
- Dogecoin is currently trading above its 200-day simple moving average, a bullish indicator that typically signifies a longer-term trend reversal or continuation to the upside.
- Given the current market conditions and DOGE’s inflation rate of 3.51%, the question of 'how high can Dogecoin go?' largely depends on several factors.
- If the breakout above the downward channel is validated and strong market demand persists, Dogecoin could potentially aim for a return to the $0.20 to $0.25 range.
- Long-term price potential for Dogecoin will also be influenced by its broader adoption, developments in the crypto space, and continued community support.
- Dogecoin's price has the potential to see substantial growth, and its path forward will largely be dictated by its ability to capitalize on the current momentum and maintain its breakout trends.
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Bitcoinist
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Dogecoin Whales Make A Splash After Buying 1.4 Billion DOGE For $140 Million
- Dogecoin whales have made a significant purchase of 1.4 billion DOGE worth $140 million, signaling renewed interest in the meme coin.
- The recent increase in whale activity suggests a potential bullish turnaround for Dogecoin.
- The accumulation of DOGE by large-scale investors may have a significant impact on the cryptocurrency's value.
- Dogecoin's price fundamentals remain strong, with a notable increase in price and positive indicators.
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