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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.

Shiba Inu

Popular dog-themed meme coins SHIB and Dogecoin have plummeted double-digits over the week as the crypto winter continues.

Meme Coins SHIB, Dogecoin Shed Double-Digits Over The Week

Bitcoin

Ethereum

Bitcoin and Ethereum traded in the green early Monday morning as the global cryptocurrency market cap rose 0.8% to $1.02 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 0.8% -13.4% $21,401.91 Ethereum (CRYPTO: ETH) 0.8% -2% $1,598.83 Dogecoin (CRYPTO: DOGE) -0.6% -13.2% $0.07 Top Gainers Over 24 Hours Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price EOS (EOS) +8.9% $1.52 Synthetix (SNX) +7.4% $2.99 Lido DAO (ETH) +6.6% ​​$2 See Also: How To Get Free NFTs Why It Matters: While major cryptocurrencies were trading higher intraday, the upwards momentum was not strong.

Bitcoin, Ethereum Rebound From Weekend Lows, Dogecoin Weak: Analyst Says This Metric Points To A 'Higher Chance Of Rise'

Dogecoin (DOGE) price has resumed its downward correction as the price falls below the moving average line. The cryptocurrency has fallen to the low of $0.067 after failing to break the $0.09 resistance zone.

Dogecoin Recovers as Buyers Drive Altcoin To High of $0.09

More than $600 million was liquidated from crypto markets on Friday as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) shed over 10% of their value in a single day. What Happened: Around 132,400 traders were liquidated in the last 24 hours as a result of the negative price action, as per data from CoinGlass.

$600M Liquidated In Crypto: Bitcoin (BTC), Ethereum (ETH) And Dogecoin (DOGE) Longs See Max Pain

The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now.

Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge

The meme coin and tenth biggest digital asset by market cap is down 14.6% in the past 24 hours.

Dogecoin Gets Hit Hardest Among Top 10 Coins in Market Sell Off

Dogecoin fell for a third consecutive session on Friday, with the token dropping by almost 15% in today's session. As of writing, the global cryptocurrency market cap is roughly 8% lower, with the majority of the top 100 in the red. Filecoin was another notable mover, falling by nearly 20%.

Biggest Movers: DOGE Extends Recent Declines, Falling by Nearly 15% on Friday

Dogecoin (CRYPTO: DOGE) could rise 500% from its current price level, according to technical analysis from a popular crypto trader.  What Happened: The trader, who goes by the Twitter username “SmartContracter” highlighted the meme coin's two-month accumulation breakout with adequate volume levels as an indicator of DOGE's strength.

500% Rise For Dogecoin? Popular Crypto Trader Says DOGE Has 'Real Shot' Of Emulating What Bitcoin Did In 2019

Major coins remained under pressure in the aftermath of the release of minutes from the U.S. Federal Reserve's July policy meeting as the global cryptocurrency market cap fell 1.3% to $1.1 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -0.8% -3.2% $23,175.28 Ethereum (CRYPTO: ETH) 0.3% -2% $1,841.04 Dogecoin (CRYPTO: DOGE) -6.4% 6% $0.075 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Gnosis (GNO) +13.5% $197.82 Celsius (CEL) +1.9% $197.82 Ethereum (ETH) +0.3% ​​$1,841.04 See Also: How To Get Free Crypto Why It Matters: The apex coin was in the red at press time, while other risk assets such as stocks traded flat.

Bitcoin, Ethereum, Dogecoin Rangebound — But Analyst Says This Upcoming Event Could End The 'Vacation'

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

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

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.

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