|All Time High:|
|Market Cap: |
|The price of #DOGE today is $0.10 USD.|
The lowest DOGE price for this period was $0, the highest was $0.095, and the current live price for one DOGE coin is $0.09522.
The all-time high DOGE coin price was $0.74.
Use our custom price calculator to see the hypothetical price of DOGE with market cap of ETH and how the supply affects the price of DOGE at different market capitalizations.
|The code for Dogecoin is #DOGE, and the symbol for #DOGE is Ɖ. |
Dogecoin is 9.1 years old.
|The current market capitalization for Dogecoin is $12,632,359,818.|
Dogecoin is ranked #9 out of all coins, by market cap (and other factors).
|There is a very large volume of trading today on #DOGE.|
Today's 24-hour trading volume across all exchanges for Dogecoin is $664,263,674.
|The circulating supply of DOGE is 132,670,764,299 coins, which is 100% of the total coin supply.|
Dogecoin has a relatively large supply of coins, 1,091 times larger than Ethereum's supply, as an example.
|DOGE is well integrated with many pairings with other cryptocurrencies and is listed on at least 92 crypto exchanges.|
View #DOGE trading pairs and crypto exchanges that currently support #DOGE purchase.
More Dogecoin (#DOGE) News
|Dogecoin Gearing To Bounce Back Against Bitcoin – Does Doge Have T...
A popular crypto trader, Bluntz, forecasted a significant price rally for Dogecoin against Bitcoin today. Bluntz tweeted to his followers that the DOGE/BTC trading pair is “gearing for a revenge pump for probably 100% or more.”
Based on his chart analysis, Bluntz identified that Doge had formed a bullish pattern that may surprise the crypto community. Bluntz seems convinced that Doge will continue to surge its price, thus cautioning that investors would be careless for missing out on this potential opportunity.
Bluntz’s sentiment appears to be backed by other crypto market analysts who are also confident that Doge is destined for massive growth.
Bluntz also disclosed that the Dogecoin/USD trading pair has finally broken out of a consolidation channel, indicating that Doge is 'loading and set to lead the altcoin season.' He said it is just a matter before the meme crypto witnesses a huge price uptick.
Does Dogecoin Have More Potential Than Bitcoin? For investors seeking to invest in cryptocurrencies, Dogecoin is one of the major altcoins that can prove to be a better investment choice.
Dogecoin is currently the ninth-largest cryptocurrency. However, Dogecoin seems a good option for investors willing to take on a little risk.
Doge’s price appears relatively much less volatile than BTC’s price. As a result, its price’s relative stability makes many investors consider it a more suitable currency for daily transactions than B...
|Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week.Dogecoin (DOGE)
Dogecoin (DOGE) raced higher on Tuesday, as the meme coin broke out of a key resistance level.
Following a low of $0.08578 to start the week, DOGE/USD rose to an intraday high of $0.095 earlier today.
As a result of the surge, dogecoin rose to its strongest point since December 11, when prices were at a high of $0.0972.
Since the move, earlier gains have somewhat eased, as the 14-day relative strength index (RSI) collided with a ceiling of its own.
As of writing, the index is tracking at 65.03, which is marginally above a resistance level at 65.00.
Providing bulls are able to maintain current momentum, their next target will likely be $0.099.
Shiba Inu (SHIB)
Another notable mover was shiba inu (SHIB), which rebounded following losses to start the week.
SHIB/USD rose to a high of $0.00001195 in today’s session, which comes a day after the token was at a low of $0.00001134.
Tuesday’s surge saw SHIB climb back above a key support level of $0.00001165, and came as the RSI also rebounded.
As of writing, the index is currently tracking at 62.57, which is marginally above a floor at 60.00.
Should momentum continue to move higher, the next target for shiba inu bulls ...
|Dogecoin Whales Move Large Amounts, Bearish For DOGE?
Data shows Dogecoin whales have made some large moves over the past day. What does this mean for the meme coin's price?
Dogecoin Whales Have Made Multiple Large Transactions Today
A few transactions involving a huge amount of DOGE have been spotted on the blockchain in the past day. As per data from the crypto transaction tracker service Whale Alert, the first of these transfers involved the movement of 450,000,000 DOGE, worth more than $40 million at the time of the transaction.
As the scale of this transfer is quite large, the sender is likely to be a whale. Transactions from these humongous holders are generally the ones to watch for, since they can sometimes cause noticeable ripples on the market. Naturally, these transfers can both be bullish or bearish, depending on what the whale intended to do with the move.
Here are some additional details regarding this Dogecoin whale transfer, which may have hints about the purpose behind it:
As can be seen above, both the sending and receiving addresses for this Dogecoin whale transaction were unknown addresses. 'Unknown' here means that these addresses aren't connected to any known centralized platform. So, usually, such addresses belong to personal investor wallets.
Since there isn't any platform involved here, it's hard to say exactly why the whale made this transfer. The holder may have been selling through an over-the-counter (OTC) deal, in which case the move could have bearish effects on the price of the meme coin.
|Dogecoin Jumps 8%, Bitcoin Slips Below $23K (Market Watch)
After failing to overcome $24,000 yesterday, bitcoin took a serious dive and dropped by over $1,500 at one point.
Most altcoins are in the red today as well, as they were yesterday. However, Dogecoin emerges as today's top performer, following news on the Twitter front.
Bitcoin Below $23K
As CryptoPotato reported earlier today, January 2023 is en route to becoming the asset's best-performing month in over a year. This is because BTC stood below $17,000 at the start of the year and has skyrocketed by roughly 40% in the following 31 days.
It was even higher yesterday when the bulls initiated another impressive leg-up that resulted in coming inches away from $24,000. This became BTC's highest price point since mid-August 2022.
However, the bears were quick to remind of their presence and pushed bitcoin south almost immediately. In the following hours, the cryptocurrency fell to $23,000 and kept plunging to an intraday low of $22,400 (on Bitstamp).
Despite recovering some ground since then, BTC still struggles below $23,000. Its market cap is down to $440 billion, and its dominance over the alts has taken a minor hit and is now at 42.4%.
BTCUSD. Source: TradingView
DOGE Pumps 8%
Most altcoins charted impressive gains at the end of last week, but the trends have changed now. Ethereum went well above $1,600 during the weekend, but two consecutive days of price drops have pushed it to $1,570 as of now.
Ripple, Cardano, Polygon, OKB, Solana, Polkadot, and Avalanche are also slightly ...
|Dogecoin Price Prediction: Doge Could Rally Further To $0.10
Dogecoin is gaining pace above the $0.088 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.093 resistance.
DOGE gained pace and traded above the $0.088 resistance against the US dollar. The price is trading above the $0.088 zone and the 100 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.0868 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.093 resistance. Dogecoin Price Eyes More Gains
After forming a base above the $0.080 zone, dogecoin price started a steady increase. DOGE was able to slowly climb higher above the $0.082 and $0.085 resistance levels.
There was a clear move above the $0.088 resistance zone to move further into a positive zone. However, the bears were active near the $0.092 and $0.093 resistance levels. The price is now consolidating gains above $0.090, unlike bitcoin and ethereum (correcting lower).
Doge price is trading above the $0.088 zone and the 100 simple moving average (4-hours). There is also a crucial bullish trend line forming with support near $0.0868 on the 4-hours chart of the DOGE/USD pair.
Recently, there was a minor decline from the $0.0948 high. It traded below the 23.6% Fib retracement level of the upward move from the $0.0844 swing low to $0.0948 high. On the upside, the price is facing resistance near the $0.0925 level. The first major resistance is near the ...
|Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Per a report from the Financial Times (FT), Twitter has been trying to find new sources of revenue, and crypto and Dogecoin (DOGE) could be part of a new strategy to achieve this objective. The company has submitted petitions for regulatory licenses in the United States to “turnaround the business.”
Last year, Musk acquired Twitter in a multi-billion-dollar deal. Since then, many advertisers have left the platform, negatively impacting the company’s revenue stream. The new CEO launched a subscription service and continues to seek an alternative to mitigate the company’s financial problems.
In that sense, the social network is focused on enabling payments on its platform under the leadership of Esther Crawford, the Financial Times claims. These efforts are a “critical” element of a larger strategy to bolster the company’s revenue streams.
Peer-To-Peer Payments With Dogecoin? The report claims that Elon Musk has publicly revealed his plans to roll out peer-to-peer transactions with bank accounts and debit cards on the network. These features are part of a “master plan” to build the “everything app,” as the report calls it.
Like other social networks where users can message their contacts, shop, and make payments, Twitter would expand beyond its current services. In this context, cryptocurrencies could play a big role.
Elon Musk is a big Dogecoin proponent, and any plans to incorporate payments ...
|Dogecoin: Can Elon Musk's McDonald's Offer Give DOGE A 'Happy' Price?
Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance which is at $0.09370. According to Coinhecko, the token is still up in all time frames with the biggest gains being made in the monthly time frame at 27%. This bullish continuation is the result of Elon Musk’s recent mentions of the coin.
Musk tweeted back on January 25 last year about how he will eat a McDonald’s happy meal if the fastfood company accepts Dogecoin as a mode of payment. Since then, the DOGE community has been putting pressure on the company as they show support for Elon’s proposal.
If McDonald’s ever implements DOGE as a mode of payment, the coin would have access to 40,031 restaurants while simultaneously adding a big name in the already large number of merchants that accept the coin as payment method.
Is this offer still open? pic.twitter.com/lTE4wdl0jf
— DogeDesigner (@cb_doge) January 27, 2023
Elon’s Influence On Dogecoin Remains
Elon Musk’s effect on the price action is certainly evident on the coin. Following that tweet, DOGE started a rally after it slumped by 34% in under a week. Now that Musk renewed his offer to McDonald’s, it remains to be seen if the company even accepts the offer.
Obviously, the DOGE community has been very optimistic about the acceptance of the coin as a mode of payment. Matt Wallace, a huge crypto influencer, replied to Musk showing his support for ...
|Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday
Dogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Avalanche also surged today, hitting its strongest point since August.Dogecoin (DOGE)
Dogecoin (DOGE) was one of Saturday’s most notable movers, as prices rose to their highest point in six weeks.
Following a low of $0.08507 on Friday, DOGE/USD rallied to an intraday peak of $0.09297 earlier in the day.
As a result of this, dogecoin moved to its strongest point since December 13, which is the last time prices were trading at a resistance level of $0.0930.
Looking at the chart, the move took place as the 14-day relative strength index (RSI) edged closer to a ceiling at 61.00.
As of writing, the index is tracking at 59.96, with DOGE trading below earlier highs at a reading of $0.08808.
Should DOGE bulls push price strength past the 61.00 mark, it is likely that prices will break out of today’s ceiling at $0.0930.
Avalanche (AVAX) surged by as much as 14% higher to start the weekend, as prices raced past a long-term point of resistance.
AVAX/USD jumped to a high of $21.68 earlier in the day, which comes less than a day after falling to a low of $17.83.
Today’s rally has seen avalanche rise to its highest level since August 26, cementing a five-month high in the process.
Earlier gains have al...
|Dogecoin Ascent Slows, But Why Are Analysts Still Bullish About The Meme...
Dogecoin, the original memecoin of the crypto industry, has not seen a monumental rise in price unlike other altcoins of late. According to CoinMarketCap, DOGE has only risen 5.56% in the past week with its biggest gains seen in the monthly time frame.
At its current market cap of $11.3 billion, the token is surpassed by other altcoins in terms of growth. However, DOGE still remains a dominant force in the world of memecoins as it has been for a long time.
DOGE Compared To Other Memecoins
Compared to its peers, Dogecoin is still a popular choice for investors in the crypto industry. In terms of market cap, the token dominates SHIB by a wider margin. Even with Shiba Inu disrupting DOGE’s dominance, it still has a long way to go for SHIB to be level with DOGE.
However, Shiba Inu has been distancing itself from its memecoin past. With Shibarium around the corner, we might see SHIB gain more dominance in space. Since last year, Dogecoin has been silent in the development space with the only spike in activity being the October 2022 upgrade of the token’s wallet.
But external developments still favor DOGE. According to recent news about Tesla’s financials, the company has not bought or sold Bitcoin for two consecutive quarters. Despite this, the company still only accepts DOGE for crypto payments. This gives DOGE some real life utility as a form of payment.
However, with the electric vehicle industry facing a tougher time right now, we m...
|Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullba...
Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend.
As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways movement in the last 24 hours. Over the previous seven days, the meme coin still records an 8% profit. In the crypto top 10, DOGE stands amongst the best performers, surpassed only by Cardano (ADA) and Polygon (MATIC).
Dogecoin’s Rally Stirs The Crowds, Is A Retrace Imminent? Data from Coingecko indicates positive development for meme coins. The sector records around $20 billion in total market cap, a 2% increase in 24 hours, and $1 billion in trading volume over the same period.
In addition to Dogecoin, Shiba Inu (SHIB), Baby Dogecoin, and Bonk have captured the attention of crypto investors. The second of these assets experience a 23% rally in the past week alone, hinting at the increase in risk appetite from digital asset enthusiasts.
The Bitcoin rally deep into the $20,000 territory has flipped the crypto market’s sentiment. As a result, Dogecoin and other meme coins are resurging and outperforming more significant digital assets.
Additional data from analytics firm Santiment registered increased levels of positive interaction across social media platforms. This suggests that users are more willing to take long positions, swelling the liquid...
|Biggest Movers: DOGE Drops to 5-Day Low on Wednesday
Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop by over 5%, edging closer towards a key price floor in the process. Polygon also extended recent declines, hitting its weakest point since January 19.Dogecoin (DOGE)
Dogecoin (DOGE) dropped to a five-day low on Wednesday, as the global cryptocurrency market cap fell by as much as 3% today.
Following a low of $0.08919, DOGE/USD fell to an intraday low of $0.08245 earlier today.
The move saw dogecoin hit its lowest point since January 20, which is the last time prices were trading at a floor of $0.080.
As can be seen from the chart, the decline took place as the 14-day relative strength index (RSI) collided with a support level of its own at 55.00.
In addition to this, the 10-day (red) moving average has now shifted its direction, and appears to be on course for a downward trend.
Should this take place, and result in a crossover with the 25-day (blue) moving average, then DOGE will likely be trading below $0.080.
Polygon (MATIC) was also in the red on hump day, with the token moving lower for a third consecutive day.
MATIC/USD fell below the $1.00 mark in today’s session, as prices slipped to a low of $0.938 earlier in the day.
Similar to dogecoin, today’s decline has pushed polygon to its weakest point since last Thursday, when prices were trading at a floor of $0.940.
Looking at the chart, price strength also edged lower...
|Crypto Markets Shed $30B as SOL, ADA, ETH, DOGE Retrace by 6%: Market Wa...
Bitcoin failed at over $23,000 and dipped by several hundred dollars, currently trading below that level.
Most altcoins have retraced hard in the past 24 hours, including the recent high-flyers - Cardano, Solana, Polygon, and others.
Bitcoin Dips Below $23K
Bitcoin broke above its $17,000 nemesis at the start of the second week of the new year and hasn't looked back. The breakout led to more bullish sentiment, and the asset skyrocketed to over $20,000 by the end of that same week.
The following one was quite positive as well, with BTC surging to $23,000 by the end of it. This resulted in charting a multi-month high during the weekend at over $23,300. More precisely, this was BTC's highest price tag since mid-September.
The cryptocurrency spent the next few days sitting around that level. The past 24 hours, though, have brought some pain for the bulls as BTC slipped to $22,400. It has recovered some ground as of now, but it's still below $23,000. This decline comes amid reports that short-term investors have taken some profits.
Its market cap is still below $440 billion, while its dominance over the alts has gone up to 42.6%.
BTCUSD. Source: TradingView
SOL, ADA, MATIC Drop Hard
The altcoins are well in the green in the past few weeks as well, erasing the losses posted after the FTX debacle. Ethereum, for one, pumped from under $1,200 to over $1,650 within this timeframe. Now, though, ETH is below $1,600 after a 5.5% daily decline.
Binance Coin fights to remain above $300 as i...
|Dogecoin Whale Transfers $5M In DOGE To Coinbase, Bearish Signal?
Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here's what it may mean for DOGE's price.
Dogecoin Whale Sends 57 Million DOGE To Crypto Exchange Coinbase
As per data from the crypto transaction tracker service Whale Alert, a massive Dogecoin transaction has taken place on the blockchain today. In total, this transfer involved the movement of 57,056,400 DOGE, worth upwards of $5 million at the time the transaction was sent.
Since the amount here is so large, the entity behind the transfer is likely to be a whale, or at least a group made up of multiple large investors. Due to the sheer volume of tokens involved in transactions like these, they can sometimes cause noticeable ripples in the price of the asset.
But what change may potentially be produced in the crypto's value from such a movement of coins depends on several factors, with the exact intent behind the transaction being the main one.
Here are some specifics surrounding the latest Dogecoin whale transaction, which may shed some light on why the investor decided to make this move:
As can be seen above, the sending address for this Dogecoin transaction was an unknown address, which is a type of address that's unattached to any known centralized platform, and thus is likely a personal wallet. The receiver in this case was an address affiliated with the crypto exchange Coinbase.
Note that the transaction details show there being another receiver present for this transaction, w...
|Whales Bag 500 Million Dogecoin – Will DOGE Hit $0.1 Mark?
Meme coin forerunner, Dogecoin, opens the week with a new rally amid Robinhood's support. Reports reveal that several whales jumped on the positive market sentiment to accumulate massive amounts of DOGE, triggering a 5% rally in the last day.
According to WhaleAlert, Whales packed more than 500 million Dogecoin over the past two days. The tracker revealed that the largest holder of Dogecoin also partook in the accumulation and bagged almost 165 million DOGE coins.
In addition, a top 20 whale also transferred 150 million Dogecoin tokens worth more than $13 million in the past 24 hours.
Robinhood Plans To Add Support For Dogecoin
Robinhood Market is very influential both in the financial and crypto markets. The zone-free trading platform gave initial rollouts of its new wallet to 10,000 users in September 2022. The mobile wallet application would allow users to trade and send cryptocurrencies and NFTs.
According to the announcement, the wallet would be available to over 1 million waiting users. But the wallets didn’t appear with initial support for DOGE, raising concerns among the meme coin community. However, the Robinhood platform assured the Dogecoin community that they are working hard to ensure the wallet app would support Dogecoin soon.
Meanwhile, Robinhood’s main trading app already supports Dogecoin. In August 2021, the platform revealed that DOGE yielded up to 62% of the firm's revenue in the year's second quarter. As of then, Dogecoin gave Robinhood more...
|Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Ral...
Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance.
DOGE gained pace and traded above the $0.085 resistance against the US dollar. The price is trading above the $0.0850 zone and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.092 resistance. Dogecoin Price Eyes Upside Break
After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance.
There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to bitcoin and ethereum. A new yearly high was formed near $0.0934 and the price is now consolidating gains.
It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours).
There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level.
|BTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates
Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a tweet posted today by blockchain intelligence firm Santiment citing the MVRV Z-score, Binance coin (BNB) is the only overvalued crypto amongst tokens with a large market cap.
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), Uniswap (UNI), and Chainlink (LINK) are very much still undervalued.
Price Outlook On BTC, ETH, And Undervalued Large Caps
Santiment reported that BTC, ETH, XRP, ADA, DOGE, MATIC, SHIB, UNI, and LINK are undervalued. At the time of writing, both cryptos are up 2% in the last hour, with BTC 24-hour trading volume exceeding $39 billion and ETH surpassing $6 billion.
Other large caps like XRP and ADA have also seen significant movement in price to the upside over the past weeks. With XRP up 15% in the last 14 days and ADA up 25% over the same period.
Notably, this is not ADA's first time appearing on Santiment's undervalued crypto list. Last month, the crypto analytics platform shared an analysis indicating that the Cardano native token was undervalued regardless of the aggressive accumulation from Sharks and Whales holding at least 100k to 10 million ADA tokens.
Memecoins, such as DOGE, and SHIB, weren't left out of the global rally as both did 13% and 35%, respectively, over the past 14 days. MATIC, UNI, and LINK have also printed bullish trends over the pa...
|Will Dogecoin Dip To Local Support As The Coin Trades Sideways?
Dogecoin started losing value as soon as it fell outside its ascending parallel channel. At the moment, Dogecoin is trading laterally. Over the last 24 hours, DOGE went up by 0.3%, which confirms that the coin was stuck in a consolidated price region.
Last week, Dogecoin brought in close to 4% gains. The technical outlook for the Dogecoin price depicted that bearish momentum had set in. Demand and accumulation for the meme-coin depreciated when it started to trade sideways.
The meme coin noted a price pullback after it breached the $0.88 resistance level. Over the last few days, Dogecoin has witnessed a substantial influx of buyers; however, selling pressure has amplified at press time.
Overall, the meme coin has a bullish structure as it has managed to keep its price above the 200-Simple Moving Average line. In the shorter time frame, Dogecoin might retrace close to the $0.74 level before recovering or falling in value further. The market capitalization of DOGE declined slightly, indicating that selling pressure has mounted on the chart.
Dogecoin Price Analysis: One-Day Chart
DOGE was trading at $0.81 at the time of writing. The coin corrected itself after it reached the $0.88 price level. Immediate resistance for the meme coin stood at $0.87, close to the 61.8% Fibonacci retracement level. Moving past the $0.87 mark can push DOGE to the $0.104 resistance mark.
On the other hand, if Dogecoin fails to stay above the $0.74 support level, it can fall to $0.66. If demand picks...
|Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical
Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance.
DOGE gained pace and traded above the $0.075 resistance against the US dollar. The price is trading above the $0.0750 zone and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.080 resistance. Dogecoin Price Signals Bullish
After a strong decline, dogecoin price found support near the $0.066 zone. DOGE remained well bid and started a steady increase above the $0.068 resistance.
There was a clear move above the $0.070 resistance zone to set the pace for a decent increase. The price cleared the 23.6% Fib retracement level of the key decline from the $0.1402 swing high to $0.0658 low. The price is now trading above the $0.0750 zone and the 100 simple moving average (4-hours).
There is also a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE/USD pair. In the past few sessions, doge saw bullish moves above $0.075, similar to bitcoin and ethereum.
On the upside, the price is facing resistance near the $0.080 level. The first major resistance is near the $0.0820 level. A clear move above the $0.082 resistance might send the price towards the $0.088 resistance. It is near the 50% Fib retracement...
|Dogecoin Price Falls, Is It A Wise Idea To Short?
The Dogecoin price has remained motionless over the past several weeks. In recent times, due to constant lateral trading, DOGE lost the $0.072 support line. Over the past 24 hours, the coin has dipped nearly 3% on its chart.
The meme coin has only moved 0.7% in the last week. As Bitcoin started to act wobbly on its chart, many altcoins that had made gains started to retrace on their respective charts. Technical indicators, however, suggest that the asset might register gains over the next trading session.
The coin has registered a fall in demand on the chart, but that is not supposed to last for long. Although DOGE had pierced through several support lines, the coin could soon make up for the loss. The crucial resistance mark for Dogecoin stood at $0.078.
Buying pressure has to return to the market for Dogecoin price to target a move above $0.078 and attempt to trade near $0.080. Touching the $0.080 mark will invalidate the bearish thesis for a significant period of time. The market capitalization of Dogecoin did not indicate that bears were crawling back into the market.
Dogecoin Price Analysis: One-Day Chart
DOGE was selling at $0.070 at press time. The coin was secured on top of its $0.066 support line, but a fall from the $0.066 level will ensure that the bears are completely back. Overhead resistance for the coin stood at $0.072 and then at $0.078.
As far as the indicators are concerned, the Dogecoin price shall not have too much difficulty moving above the $0.072 leve...
|Biggest Movers: DOGE, SHIB Surge to Multi-Week Highs on Thursday
Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday’s U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today’s gains.Dogecoin (DOGE)
Dogecoin (DOGE) rose for a second straight session on Thursday, as the meme coin moved away from a recent spell of consolidation.
Following a low of $0.07181 on Wednesday, DOGE/USD climbed to an intraday peak of $0.07503 earlier today.
The move took the token to its highest point since December 27, when price was in the midst of a prolonged sell-off.
Since then dogecoin bulls seemed to have returned to action, which coincides with traders finally returning from recent Christmas and New Year’s celebrations.
As can be seen from the chart, the rise in price also comes as the 14-day relative strength index (RSI) has marginally broken out of a key resistance zone.
The index is currently tracking at 42.81, which is slightly above a ceiling of 42.00
Shiba Inu (SHIB)
Another notable gainer on Thursday was fellow meme coin shiba inu (SHIB), which also rose for a back-to-back session.
SHIB/USD surged to a peak of $0.000008531 earlier today, after falling to a bottom at $0.000008171 on Wednesday.
Thursday’s spike in price sent shiba inu to its strongest point since December 18, prior to the holiday season consolidation.
Looking at the chart, today’s move al...
|What is Bonk Inu (BONK): The Dogecoin of Solana?
Memecoins have been a part of the crypto culture for almost as long as the community existed, but 2020 and 2021 saw them soar to a whole new level.
It got to a point where two memecoins - Dogecoin (DOGE) and Shiba Inu (SHIB) became frequent members of the top-10 club (the 10 largest cryptocurrencies by means of total market capitalization).
The bear market of 2022 has impacted most memecoins severely, but DOGE and SHIB continue to be leading coins.
That said, there’s a new kid on the block - one built on Solana - and is going the miles. The cryptocurrency in question is called Bonk Inu (BONK), so let’s have a closer look at what it actually does.
What is Bonk Inu (BONK)?
According to its official one-pager, BONK is the very first Dog-themed memecoin on Solana that’s “for the people, by the people.”
The document states:
The BONK contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot.
50% of the total supply of the cryptocurrency was airdropped to the Solana community, while the main purpose of the team behind it is to bring back liquidity to decentralized exchanges built on Solana.
In fact, that’s pretty much everything the document outlines, alongside the token distribution.
BONK Token Distribution Explained
As mentioned above, 50% of the supply was airdropped to the Solana community, divided as it follows:
20% of it went to Solana NFT collections (297K individual...
|Dogecoin Foundation Introduces a New Core Devlopment Fund
The Dogecoin Foundation - a nonprofit organization that supports the development of the first-ever memecoin - announced a new 5,000,000 DOGE development fund. The capital will be distributed to developers who contribute to the advancement of the token's ecosystem.
The entity also revealed that Marshall Hayner (one of the fund's custodians) joined the Dogecoin Foundation Board of Directors.
Stimulus for Developers
The organization vowed to move five million DOGE (worth around $360,000 at the moment) to a 'segregated multi-signature wallet' and use the sum to reward core developers for promoting and growing the Dogecoin ecosystem:
'The DOGE held in this wallet will disburse rewards to developers of Dogecoin Core for work on all contributions, no matter how big or small.'
Members of the Dogecoin Foundation will run the wallet, while the following five custodians will ensure its security: chromatic (Dogecoin Core developer), Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll.
The fund will distribute 500,000 DOGE to developers after each minor or major advancement of Dogecoin Core, but the reward's size will depend on each contributor's actions. It will be entirely transparent, announcing every distribution across social media platforms.
In addition to his role as a custodian, the Dogecoin Foundation added Marshal Hayner to its Board of Directors.
'Marshall brings executive and technical leadership experience to the Dogecoin Foundation and ...
|Dogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish
Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone.
DOGE gained pace and traded below the $0.072 support against the US dollar. The price is trading below the $0.0700 zone and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could dive further towards the $0.062 support in the near term. Dogecoin Price Signals Bearish
In the past few days, dogecoin saw a steady decline from the $0.080 resistance zone. DOGE reacted to the downside below the $0.0750 and $0.0720 support levels.
The decline gained pace below the $0.072 level and the 100 simple moving average (4-hours). More importantly, there was a clear move below the $0.070 support zone, opening the doors for a major decline. The price is now trading well below the $0.0700 zone and the 100 simple moving average (4-hours).
Doge price traded as low as $0.0667 and is currently showing a lot of bearish signs, similar bitcoin and ethereum. On the upside, the price is facing resistance near the $0.0695 level.
The first major resistance is near the $0.0700 level. There is also a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair. The trend line is near the 23.6% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low.
|Dogecoin Beats Bitcoin, Ethereum For Best Performance In Crypto Top 10
Dogecoin has once again emerged as one of the best performers for the year when it comes to the top 10 cryptocurrencies. The meme coin which enjoyed massive popularity in 2021 continues to hold on to gains even better than larger counterparts such as Bitcoin and Ethereum.
Dogecoin Performs Exceptionally Well
In a year where there were numerous implosions that tanked the crypto market further, dogecoin has come forward as a force to be reckoned with. It has held on to its value ahead of some of the largest cryptocurrencies in the space.
Naturally, most cryptocurrencies have lost a significant chunk of their value but where dogecoin has lost only about 58% of its value in 2022, others such as bitcoin and ethereum have recorded yearly losses of 65% and 67%, respectively. This already puts the meme coin ahead of the two largest cryptocurrencies in the market.
It also outperformed the likes of Cardano and Polygon, both of which are the ninth and tenth largest cryptocurrencies in the market. Cardano’s value is down more than 80% while Polygon has recorded declines of approximately 69% this year.
The meme coin was only surpassed by Binance Coin (BNB) and XRP. Where BNB is down 53%, XRP is down 57%. This makes BNB the best performer out of the top 10, XRP is the second-best performer, and dogecoin is a close third.
Other Metrics For Top 10 Cryptos
Dogecoin has also done a good job in its rise from its cycle low. After touching $0.05 in June, it has managed to rise over...
|Dogecoin Has To Remain Above These Levels For Price To Turn Around
The Dogecoin price had recently faced intense selling pressure; however, over the last 48 hours, DOGE showed signs of recovery. At the moment, however, the meme coin was consolidating on its daily chart. In the past week, the Dogecoin price has slipped almost 4%.
As Bitcoin depicted positive price action in the last 24 hours, many other altcoins also moved up on their respective charts. The technical outlook of the meme-coin pointed towards circumstances changing for sellers.
Buyers made an entrance, DOGE is, however still under the control of the bears. If demand continues to accelerate, the price of the coin is expected to move upward. The coin must remain above its current support line for that to happen.
Currently, DOGE is trading at a level that has acted as support and has also been retested twice recently. Traders can expect to find long trade positions if the coin remains above two critical price levels. DOGE now trades at a 90% discount to its all-time high, which it secured last year.
Dogecoin Price Analysis: One-Day Chart
DOGE was trading at $0.071 at the time of writing. The coin has just moved up the $0.069 support line in the past two days, which is now a crucial price floor. The Dogecoin price has to remain above $0.069 and the $0.070 mark for the coin to propel higher.
The coin might experience a pullback at the $0.072 level, which is why Dogecoin must sustain itself above the $0.069 level.
If the coin trades above the $0.072 mark, then the Dogecoin price ca...
|Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE
Dogecoin (DOGE) is one of the meme coins that is often underestimated, primarily because of its extremely high volatility and low utility value.
DOGE has trimmed off 8% of its value
Dogecoin bulls aim to trigger price rally
DOGE among most searched crypto
DOGE has sloughed roughly 8% off the coin’s value in the last week, which plunged from $0.07751 to $0.06932. On the brighter side, bulls could trigger a price rally towards $0.07752.
According to data by Coingecko, DOGE price has nosedived by 0.5% in the last 24 hours, and trading at $0.0706 as of this writing.
DOGE To Breach Below Key Support Level
DOGE is seen to breach below the key support line of $0.07109, which presents a buying opportunity with the discounted price.
The key support line has been retested several times from November to December. However, can key support hold it enough to roll out a price rally?
If this price can attract more buyers, then this could precipitate a price rally.
During the following few trading days, the bulls may also attempt to break past the current barrier located at $0.07749, before they could gain 10%.
DOGE is seen to have intensified further in terms of developmental activity, which also influenced the price increase but has dwindled in terms of investor interest.
Despite DOGE being dubbed an underdog, the coin has outpaced other crypto assets in the market. In terms of price movement, Dogecoin is among the best performing memecoins in the 2022 bear market.
|Dogecoin Among Most Searched Cryptos Of The Year, Will It Keep Its Spot ...
The price of Dogecoin (DOGE) follows the general trend in the crypto market and only records sideways activity. Due to the holiday season, the trading volume across global markets decreased, leading to stagnation in the nascent sector.
As of this writing, Dogecoin trades at $0.074 with a 1% loss in the last 24 hours. In the previous seven days, DOGE has seen some small profits with a 5% gain. Other cryptocurrencies in the top ten by market cap are similarly performing.
Dogecoin Shares Spot With Bitcoin And Shiba Inu As Most Popular Cryptocurrencies
Per a report from DollarGeek, cryptocurrencies remain some of the most searched digital financial assets of 2022. According to data from Google, cryptocurrencies total over 7 million monthly searches in the United States and over 40 million global searches.
Despite the persistent downside trend in its prices and unfavorable macroeconomic conditions, the digital asset class remained popular. The report claims. Bitcoin preserved its spot as the most popular cryptocurrency.
Over the past two years, several new sectors emerged from the crypto industry. However, people are still attracted to Bitcoin due to its decentralized nature. 2022 has been a year of declining trust in a central authority.
In this environment, people take more interest in alternatives, such as Bitcoin and other cryptocurrencies. The benchmark crypto recorded about 4,500,000 monthly searches in the U.S. and 28,400,000 global searches....
|Dogecoin (DOGE) Price Is Up 5% On This News
After a tough week for Dogecoin (DOGE) investors, there was at least a small Christmas present from the European crypto exchange Bitstamp yesterday. The fifth-largest exchange by spot trading volume, according to recent data from CoinMarketCap, announced that it will list Dogecoin.
Bitstamp, which is based in Luxembourg, allows trading between fiat currencies and Bitcoin, as well as other cryptocurrencies. As of yesterday, Dogecoin (DOGE) can now be exchanged for euros and USD.
'We've launched Dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, for our customers. Buy and trade DOGE on Bitstamp today!' the exchange wrote.
Dogecoin Price Shows Slight Recovery
Driven by the news, DOGE recorded a slight upward move today, causing the Dogecoin price to rise by 5% temporarily. At press time, DOGE was trading at $0.776. Thus, DOGE had already lost some of its profits again and is only 2% above the previous day's price as of press time.
The news has also caused Dogecoin to see a brisk increase in 24-hour trading volume. Compared to the previous period, DOGE's trading volume spiked by 76%, totaling $590 million. Still, the DOGE army has failed to push the price above the key resistance at $0.0791.
A look at the 4-hour chart reveals that the price is still in strong bearish territory. If DOGE fails to break through the aforementioned resistance, a retest of the support at $0.0700 seems likely to happen.
A look at the 1-day chart also reveals that Dogecoin has been in...
|Biggest Movers: DOGE Rebounds on Thursday, LTC Nears 1-Week High
Dogecoin rebounded from Wednesday's decline, as the meme coin moved away from a key support level. Prices have been hovering close to a two-month low in recent days, with today's surge bringing optimism to remaining bulls. Litecoin was also higher, as the token remained close to a one-week high.Dogecoin (DOGE)
Dogecoin (DOGE) was in the green on Thursday, as the meme coin rebounded from recent lows.
Following a low of $0.07283 on Wednesday, DOGE/USD raced to an intraday peak of $0.07736 earlier in today's session.
The move comes as prices rallied, following a recent collision with a support point at the $0.0715 level.
As can be seen from the chart, today's move comes as the 14-day relative strength index (RSI) raced to a ceiling of 40.00.
Since this time, earlier gains have somewhat faded, with the meme coin trading at $0.07657 as of writing.
Should price strength manage to climb above this threshold, then DOGE could rally to a ceiling near $0.0800.
Litecoin (LTC) also rose on Thursday, as the token continued to trade near a one-week high.
LTC/USD hit a peak of $66.51 earlier in today's session, which comes less than a day after it was residing at a low of $65.09.
Today's high is marginally below Tuesday's top at $66.90, which was the highest point LTC had hit since last Friday.
Looking at the chart, the move comes despite the 10-day (red) moving average (MA) recently extending its downward cross with the 25-day (blue) MA.
As of writing, the RSI is tracking ...
|Double-Digit Losses Brings Doge Below Critical Level, More Pain To Follo...
Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto market trend, the digital asset has been pulled below important critical levels, which would imply more declines.
DOGE Could Go Down Further
Given Elon Musk’s recent radio silence on his crypto plans for Twitter and thus Dogecoin by extension, the meme coin has been unable to maintain its upward momentum. It is now down almost 50% from its most recent November peak of $0.15. But perhaps more concerning is the fact that its 15% decline over the last 7 days has dragged it down below the 50-day moving average.
DOGE’s 50-day MA is currently sitting at $0.086, whereas the price of the digital asset has now fallen to $0.082 in the last 24 hours. Previously, the cryptocurrency had been on a bullish path as it continued to maintain its value above this level. However, a decline below this point shows that there is now less buying in the market.
The meme coin is continuing to maintain above its 100-day MA of $0.075 but this could also be short-lived if the sellers continue to gain momentum in the market. If the price were to fall below the 100-day MA, it would turn forecasts for the digital asset to sell not just for the medium term, but for the long term as well.
The Weekend Impact
The weekend is already established as a period o...