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Dogecoin News
TheNewsCrypto
1w
163
Image Credit: TheNewsCrypto
Bitcoin and Dogecoin Flex Big Moves to the 2024 US Election Results
- Bitcoin (BTC) hits new all-time high at $75,407, while Dogecoin (DOGE) reaches 7-month high at $0.2193.
- BTC and DOGE saw significant liquidations in the last 24 hours, with $247.7M and $41.86M liquidated, respectively.
- Speculation surrounds how BTC and the crypto market will respond to the 2024 US Presidential Election results.
- DOGE's bullish response can be attributed to Trump's pro-crypto stance, including Elon Musk's support and tweets.
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9 Likes
Cryptonews
1w
359
Image Credit: Cryptonews
Election Tension Sparks Outflows in Bitcoin ETFs as Dogecoin Rallies
- US Spot ETFs experienced a significant US$541 million outflow, indicating market uncertainty.
- Altcoins and memecoins like Dogecoin surged due to potential regulatory changes.
- Dogecoin's open interest is approaching record highs, influenced by election developments and celebrity comments.
- Bitcoin, Ethereum, and Solana gained amidst the US election progress.
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21 Likes
Bitcoinsensus
1w
50
Image Credit: Bitcoinsensus
Dogecoin Soars as Trump Leads in Early Vote Count
- Donald Trump leads the U.S. presidential race with 178 electoral votes to Kamala Harris’s 99.
- Cryptocurrencies, including Dogecoin, surged as the vote count continues.
- Bitcoin, Ethereum, and Solana also report gains in the past hour.
- The presidential race is still undecided as swing states and large blue states are yet to be counted.
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3 Likes
Changelly
1w
247
Image Credit: Changelly
Is It Too Late to Buy Dogecoin in 2024?
- Dogecoin, one of the most popular cryptocurrencies in the world, celebrated its 10th anniversary in December 2023. As more similar crypto projects are launched, investors are wondering if it is too late to buy Dogecoin and if it is a good investment.
- Short answer: it depends on your risk tolerance. Long answer: Dogecoin can be a good investment, as it still has a massive community, top 10 market cap, and high trading volume, but it is also incredibly risky.
- DOGE’s profit-making potential may not be as high as other meme cryptocurrencies with random news or celebrity endorsements that can cause massive price swings. However, as a top cryptocurrency, it will still likely follow all market-wide bull runs.
- Dogecoin’s price has remained mostly stable throughout 2023. Dogecoin's future utility extends beyond just meme cryptocurrency, and there have been several notable advancements aimed at increasing its utility and adoption, such as GigaWallet, LibDogecoin, and RadioDoge.
- In terms of price history, Dogecoin has experienced a lot of ups and downs; its lowest price was $0.0000869 on May 6, 2015, and its highest price was $0.682 on May 8, 2021. Dogecoin’s price is extremely unpredictable, so prospective investors must be aware of the potential risks.
- If DOGE is your only investment option, you should probably add some more serious cryptocurrencies (e.g., Bitcoin or Ethereum) to your portfolio. As for us, we consider DOGE a great trading tool: its price is so volatile that you might win from Dogecoin trading.
- Dogecoin can still be a promising investment, but investors need to keep its shortcomings compared to other cryptocurrencies or asset classes in mind.
- Pepe Coin, Shiba Inu, and dogwifhat are some alternatives to Dogecoin in the current crypto market, but DOGE can still be a cheap investment option.
- As far as crypto assets go, Dogecoin is not a bad choice — it still has a big, loyal community, an established reputation, high market capitalization, and solid fundamentals and future price potential.
- This article does not constitute investment advice. Investors should evaluate all potential risks when investing in Dogecoin and other cryptocurrencies before committing to an investment.
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14 Likes
TronWeekly
1w
305
Image Credit: TronWeekly
Dogecoin Defies Market Trends, Surging 10% Amid Election Talks
- Dogecoin's price has surged 10.9% ahead of the U.S. election, defying broader market trends.
- Speculation suggests a possible Trump win and Elon Musk's election influence as reasons for the rally.
- Key support levels at $0.138-$0.15 could push DOGE towards $0.23, indicating potential for parabolic growth.
- Analysts are optimistic about Dogecoin's future, citing factors such as Musk's proposals and integration into platforms.
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18 Likes
Bitcoinist
1w
213
Image Credit: Bitcoinist
Dogecoin Price Could See Parabolic Growth As Daily New Addresses On The Network Balloons
- The Dogecoin price may be on the brink of a parabolic surge, as recent data shows a significant increase in the number of new daily addresses on the network.
- Over 35,000 new DOGE addresses are being created daily, indicating growing adoption and renewed interest in Dogecoin.
- The surge in new addresses suggests increased trading volume and potential upward pressure on prices.
- Crypto analysts predict a potential rise to new all-time highs for Dogecoin, with targets ranging from $1.8 to $1, fueled by a possible Donald Trump victory and Elon Musk's D.O.G.E proposal.
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12 Likes
Bitcoinist
1w
79
Image Credit: Bitcoinist
Here’s Why The Dogecoin Price Is Rising Despite The Bitcoin Crash
- The Dogecoin price has been rising independently from Bitcoin's crash.
- This surge is attributed to increased social sentiment and a mention from Elon Musk.
- Dogecoin's trading volume has seen a significant increase.
- The future of DOGE depends on social factors and the proposed Department of Government Efficiency.
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4 Likes
Newsbtc
1w
63
Why Is Dogecoin Going Up Today? Key Drivers Of DOGE’s 10% Surge
- Dogecoin (DOGE) has surged 10% in the last 24 hours, defying the broader crypto market downturn.
- Analysts attribute the surge to speculation surrounding the US presidential election and Dogecoin's association with a potential Trump victory.
- Speculation suggests that if Trump wins, Elon Musk's involvement in a potential Trump administration could make Dogecoin one of the 'official' cryptocurrencies.
- Technical analysis and bullish sentiments indicate a potential breakout for Dogecoin, with a target price of $0.47.
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3 Likes
TheNewsCrypto
1w
134
Image Credit: TheNewsCrypto
DOGE Up Over 10% as Elon Musk Fuels Anticipation for US Elections
- Dogecoin (DOGE) climbed 11.42% on US Election Day, reaching an intraday high of $0.1669.
- Elon Musk fueled Dogecoin’s rally by mentioning the Department of Government Efficiency (D.O.G.E.) during a podcast.
- Analysts suggest that DOGE could benefit significantly if Trump wins, especially following Musk’s recent proposal for a “Department of Government Efficiency,” cleverly abbreviated to D.O.G.E.
- Dogecoin's price charts show a bullish trend, with resistance expected around $0.1807, but crucial support at $0.1432.
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8 Likes
Crypto-News-Flash
1w
75
Image Credit: Crypto-News-Flash
Why a Trump Win Could Be Huge for Dogecoin, Thanks to Musk’s DOGE Vision
- The potential establishment of the Department of Government Efficiency (D.O.G.E.) for Elon Musk to lead could indirectly make Dogecoin (DOGE) the biggest gainer if Trump wins the US presidential election.
- Analyst Master Kenobi believes DOGE is strategically positioned in the context of the US election and its market cap could reach $250-300B.
- Elon Musk's support for DOGE and his unpredictable nature could contribute to the bull market and potentially send DOGE to the moon.
- Another analyst predicts that Trump's victory could easily send DOGE to $1, fueled by government promotion of the D.O.G.E. department.
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4 Likes
Newsbtc
1w
319
Image Credit: Newsbtc
Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought
- Dogecoin whales have recorded their largest accumulation week since January 2024, buying over 2.1 billion DOGE tokens.
- Whale activity has increased in the past weeks, with large-scale investors moving 16.24 billion DOGE tokens valued at $2.76 billion.
- Whale accumulation is seen as a bullish indicator for cryptocurrency, with potential impact on price trends and market dynamics.
- Dogecoin has experienced price increases, closing October in the green, and shows potential for continued growth.
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19 Likes
NullTX
1w
353
Image Credit: NullTX
Dogecoin Poised For Growth Amid U.S. Elections: A Meme Coin With Momentum
- Dogecoin (DOGE) is positioned for growth amid the U.S. elections.
- A potential Department of Government Efficiency (D.O.G.E.) could enhance Dogecoin's image.
- Integration as a payment method on Elon Musk's social platform, X, may be possible.
- Dogecoin's community strength and growth potential set it apart from other meme coins.
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21 Likes
Crypto-News-Flash
1w
0
Image Credit: Crypto-News-Flash
Pepe Coin Joins Robinhood Transfers: Will It Replicate Dogecoin’s Success?
- Robinhood Crypto Europe has added support for Pepe Coin, reflecting the growing institutional interest in meme coins and potentially driving its visibility and adoption.
- Pepe Coin's listing on Robinhood Crypto Europe, along with the platform's international expansion, indicates rising optimism around meme-based assets in the crypto market.
- Users can now easily deposit and withdraw Pepe Coin via the Robinhood app, with a 1% bonus offered for a limited time to attract more enthusiasts and potentially replicate Dogecoin's price surge.
- Robinhood's support for Pepe Coin showcases its focus on capturing momentum in the meme coin market, while also expanding its crypto services internationally.
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Bitcoinsensus
1w
375
Image Credit: Bitcoinsensus
Dogecoin Bucks Market Trend, Rides Bullish Wave in Election Week
- Dogecoin is the only profitable top-10 crypto on November 4th, riding a major weekly bullish trend.
- The asset saw a 6.74% increase in the past 24 hours, rebounding above $0.15 after a recent dip.
- A reverse head and shoulders pattern indicates a potential bullish reversal, showing resilience amid market uncertainty.
- DOGE holders have a stake in the US Presidential election, with the support of Elon Musk linking its success to Donald Trump.
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22 Likes
Bitcoinist
1w
177
Image Credit: Bitcoinist
Analyst Says Dogecoin Price Has Formed ‘Perfect Market Structure,’ Here’s What Comes Next
- Analyst Viaquant believes that Dogecoin (DOGE) has formed a 'perfect market structure' and is poised to enter a parabolic phase.
- Viaquant notes that DOGE has retested the old resistance level of $0.18, which is likely to become a support level.
- A level of massive support is being built between $0.138 and $0.15, and a break above $0.20 could lead to a push to the Fibonacci level at $0.23.
- Crypto analyst Master Kenobi believes that DOGE is strategically positioned, citing potential impacts from Elon Musk's D.O.G.E proposal and integration of DOGE payments into the X platform.
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