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Dogecoin

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms.

Dogecoin was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. Palmer tweeted the idea and Markus approached him to partner on making the concept a reality. 

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms. 

Dogecoin’s circulating supply currently exceeds 131 billion. The total supply is uncapped, meaning there is no limit to the amount that can be mined. 

In early 2021, Dogecoin won the adoration of influential figures including Tesla CEO Elon Musk, NBA team owner Mark Cuban, and Snoop Dogg. SpaceX completed a space mission funded by Dogecoin, and Cuban said the Dallas Mavericks would accept payment in DOGE.

A widely followed crypto analyst and trader is predicting that meme token Dogecoin (DOGE) could be headed toward a major rally. The pseudonymous analyst known as Smart Contracter tells his 210,500 Twitter followers that Dogecoin could be on the cusp of a massive rally after witnessing a multi-month downtrend and breaking out of sideways accumulation.

Dogecoin About To Explode? DOGE Mimicking Bitcoin Prior to BTC's Massive 2019 Rally, Says Crypto Trader

Shiba Inu

Although Dogecoin and Shiba Inu posted losses in the past 24 hours, both meme coins are still boasting solid gains over the last week.

Shiba Inu, Dogecoin Up Double-Digits Over the Week

Bitcoin

Ethereum

Top cryptocurrencies declined Wednesday evening as the global cryptocurrency market cap fell 2.4% to $1.1 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -2.2% -2.7% $23,341.93 Ethereum (CRYPTO: ETH) -2.3% -1.05% $1,834.26 Dogecoin (CRYPTO: DOGE) -7.5% 12.5% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Celsius (CEL) +19.7% $2.81 EOS (EOS) +7.65% $1.48 Chiliz (CHZ) +5.8% ​​$0.22 See Also: How To Get Free Crypto Why It Matters: Bitcoin and Ethereum were in the red at press time after minutes from the July policy meeting of the U.S. Federal Reserve indicated that the central bank would maintain its hawkish course until inflation decreases significantly.

Bitcoin, Ethereum, Dogecoin Drop As FOMC Meeting Restores Worries: Analyst Warns We Could Be In For A 'Big Dump'

The Dogecoin mania is briefly back with the launch of Dogechain, a (sort of) layer-two solution for Dogecoin (though an unofficial one).

Crypto News, August 17: Who Let The Doge(chain) Out?

A faux L2 solution called Dogechain launched, leading to a spike in the price of DOGE.

Dogechain Launched, DOGE Pumps on Memecoin Trading Excitement

Historically, meme token rallies have been predictors of market tops analogous to record-setting art auction prices in traditional finance. This time it may be different.

Crypto Analysts Reject Latest DOGE, SHIB Rally as Contrarian Signal

Dogecoin (CRYPTO: DOGE) creator Billy Markus reasoned that businesses are still reluctant to accept DOGE and Bitcoin (CRYPTO: BTC) because of the cryptocurrencies' underlying volatility and tax burden. What Happened: “Probably [because] taxes are a pain in the [a*s] and it's volatile [as f**k],” Markus said in response to a tweet from a Twitter user asking why big businesses aren't adopting the meme coin as a means of payment despite the blockchain's low transaction speeds and security.

Dogecoin Founder On Why Businesses Are Reluctant To Accept DOGE And BTC

The Polygon Edge-based Dogechain locks nearly $5 million in liquidity and is gaining prominence among retail crypto traders.

Dogecoin Jumps as Dogechain Gains Traction Among Retail Crypto Traders

Dogecoin (CRYPTO: DOGE) surged 17% on Tuesday leading to high-value liquidations among traders of the meme coin. What Happened: Data from CoinGlass revealed that over $7.3 million in DOGE was liquidated over the last 24 hours, making it the third most liquidated crypto asset after Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Dogecoin Sees $7.3M Liquidations In A Day As Price Surges 17%

Bitcoin and Ethereum traded in negative territory Tuesday evening as the global cryptocurrency market cap fell 0.7% to $1.14 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -1% 3.2% $23,859.03 Ethereum (CRYPTO: ETH) -1.2% 10.4% $1,876.73 Dogecoin (CRYPTO: DOGE) +13.2% 25.45% $0.09 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Dogecoin (DOGE) +13.2% $0.09 EOS (EOS) +8.1% $1.38 Chiliz (CHZ) +6.5% ​​$0.21 See Also: How To Get Free Crypto Why It Matters: Even as the two largest coins struggled to gain upwards momentum, Dogecoin (DOGE), the bellwether meme coin with the 10th largest market cap, shot up over 13% to emerge as the top intraday gainer.

Bitcoin, Ethereum Lag Behind As Dogecoin Becomes Top Gainer — Why One Analyst Thinks 'Things Could Get Ugly' Soon

Dogechain lets users bridge over Dogecoin (DOGE) to tap into DeFi services, along with potential future NFT marketplaces and apps.

What Is Dogechain? The So-Called Dogecoin 'Layer-2' for DeFi, NFTs and Games

Dogecoin (CRYPTO: DOGE) surged over 17% higher during Tuesday's 24-hour trading session before retracing slightly to trade up about 10% of the Monday session close. The crypto hit the 9-cent level where it ran into a group of sellers, likely due to Dogecoin's relative strength index, which was measuring in at about 70%, putting the crypto into overbought territory.

Where's Dogecoin Headed Next As The Crypto's Volume, Interest Surge?

Dogecoin Continues Weekend Rally, Up 22% in the Last Week

Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today's move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process.

Biggest Movers: DOGE Races to 3-Month High, XMR Hits Strongest Price Since June

Meme-based cryptocurrencies saw a fair amount of trading activity across major crypto exchanges over the last day. What Happened: Data shared by Jay Hao, CEO of crypto exchange OKX, shows that Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw the largest turnover, right behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), on spot trading over the last 24 hours.

Memecoins Shiba Inu, Dogecoin See Most Turnover After Bitcoin, Ethereum On OKX Spot Trading

Dogecoin and other dog-themed memecoins have clocked double digits gains, while the wider crypto market rally shows signs of cooling off. The post Dogecoin and other dog-themed memecoins rally while crypto market cools off appeared first on The Block.

Dogecoin and other dog-themed memecoins rally while crypto market cools off

Bearish sentiment kept major coins lower on Monday evening as the global cryptocurrency market cap declined 1.05% to $1.15 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -1% 0.8% $24,020.13 Ethereum (CRYPTO: ETH) -2.4% 5.8% $1,868.18 Dogecoin (CRYPTO: DOGE) -4% 9.5% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Chiliz (CHZ) +8.8% $0.20 STEPN (GMT) +7.5% $1.05 UNUS SED LEO (LEO) +5.8% ​​$5.40 See Also: Best Crypto Debit Cards Bitcoin and Ethereum followed stocks lower at press time as the S&P 500 and Nasdaq futures turned flat and slipped marginally into negative territory, shedding the day's gains.

Bitcoin, Ethereum, Dogecoin Rally Halts As Chinese Data Disappoints: Are Investors Already Engaging In Profit-Taking?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

How Much Bitcoin, Ethereum And Dogecoin Do You Believe Tesla CEO Elon Musk Owns? $1M, $10M Or Is He A Whale?

Cardano

Billionaire investor Mark Cuban is engaging Cardano holders, saying that Dogecoin (DOGE) is a more viable option for payments than ADA. Replying to a thread on Twitter, Cuban tells his 8.8 million followers that while Cardano may be capable of running more applications on its blockchain, Dogecoin still currently fulfills more utility.

Billionaire Mark Cuban Addresses Cardano Holders, Says Dogecoin (DOGE) More Usable as a Currency Than ADA

Futures tracking the two tokens saw over $25 million in liquidations in the past 24 hours.

Shiba Inu, Dogecoin Jump as Risk-On Behaviour Returns to Crypto Markets

The two largest cryptocurrerncies treaded red waters Sunday evening as the global cryptocurrency market cap fell 0.7% to $1.2 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -0.3% 5% $24,334.90 Ethereum (CRYPTO: ETH) -2.4% 13.8% $1,934.15 Dogecoin (CRYPTO: DOGE) 11.3% 17.7% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Shiba Inu (SHIB) +32.4% $0.00002 Chiliz (CHZ) +14.7% $0.18 Dogecoin (DOGE) +11.3% ​​$0.08 See Also: How To Get Free NFTs Why It Matters: As the weekend euphoria died down — during which Bitcoin failed to cross the $25,000 mark but Ethereum pushed past the psychologically important $2,000 level — meme coins were left partying alone.

Dogecoin, Shiba Inu Strike Big Gains In Meme Coin Bonaza As Bitcoin, Ethereum Retreat — Analyst Points To An 'Interesting' Pattern

Dogecoin (CRYPTO: DOGE) went on a tear during Sunday's trading session, climbing over 16% higher before calming down to trade about 8% higher at press time. The crypto has been fighting to regain an important support and resistance level at $0.083.

Dogecoin Rockets Higher As It Battles A Key Resistance Level: Can The Crypto Regain Support?

With $3.41 billion in trading volume over the last 24 hours, SHIB hit highs not seen since May.

Shiba Inu Spikes 30% On Sunday, Dogecoin Climbs

In the last 48 hours, Dogecoin (DOGE) has made an upward move as bulls bought the dips. On August 11, the price of DOGE rose to a high of $0.075, but then fell back to a low of $0.070.

Dogecoin Turns and Faces Stiff Resistance at $0.08 Overhead Resistance

The rally in major coins simmered down Thursday evening as the global cryptocurrency market cap rose marginally by 0.3% to $1.1 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 0.1% 5.8% $23,962.22 Ethereum (CRYPTO: ETH) 1.65% 16.95% $1,881.43 Dogecoin (CRYPTO: DOGE) -0.3% 5% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price ANKR (ANKR) +48.8% $0.05 Ethereum Classic (ETC) +9.3% $42.3 Ravencoin (RVN) +8.7% ​​$13.5 See Also: Best Crypto Debit Cards Why It Matters: The rise seen in Bitcoin and Ethereum prices, stemmed by lower July inflation numbers, moderated at press time.

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