The Bitcoin Inscriptions craze is spreading to Dogecoin. The number of transactions that the Dogecoin blockchain has had to process in the last few days have risen to an all-time high, mainly due to the new DRC20 token standard. DRC20 tokens on Dogecoin are an experimental token standard that works similarly to the minting and…
Data from BitcoinInfoCharts, an analytics platform, shows that there are far more tweets about Bitcoin than Dogecoin despite the spike of meme token activity in the past month. Tweets About Bitcoin Exceed Those Of Dogecoin As of May 14, there were over 200,000 tweets related to Bitcoin. In contrast, users only posted roughly 4,800 tweets about the…
Dogecoin (DOGE) has been one of the most talked-about cryptocurrencies of 2021, thanks to the involvement of high-profile figures like Elon Musk and Mark Cuban. Its value skyrocketed earlier this year, but has since retreated. As investors and traders keep a close eye on its movements, the next potential catalyst for Dogecoin could be a…
As of the time of writing, Dogecoin (DOGE) was trading at $0.070. The meme-coin has been struggling to recover after facing rejection at $0.076, with the bulls unable to gain momentum. The current overhead resistance for DOGE is $0.073. If this level is breached, it could propel the meme-coin to $0.078. However, if the price…
Elon Musk, the owner of Twitter and a big supporter of Dogecoin, the original meme coin, is stepping down as the CEO of the social media platform to focus on product development. He will act as the chief technology officer (CTO) of Twitter. Elon Musk Stepping Down As Twitter CEO In a Tweet on late…
Dogecoin (DOGE) has recently experienced a rather rough ride. The daily chart of Dogecoin was overly bearish, with trading volumes stunted and negative sentiment growing among investors. In the face of the recent downturn in Dogecoin’s fortunes, many investors are grappling with the question of whether it’s time to cut their losses and move on.…
The meme coin euphoria last week grew to levels not seen since the bull run of 2021. This renewed love for this asset class saw the likes of PEPE, WOJAK, and TURBO record impressive growth in just a short period with PEPE crossing the $1 billion market cap mark in less than a month. However,…
The sideways structure of Dogecoin continues to hold steady, but the looming threat of a bearish breakout is causing concern for investors. As sellers maintain the upper hand, many are left wondering if the popular cryptocurrency will be able to weather this storm or if a sharp decline is on the horizon. Since late April,…
Dogecoin started a fresh decline from $0.0820 against the US Dollar. DOGE is declining and might drop toward the $0.065 support zone. DOGE failed to clear $0.0820 and started a fresh decline against the US dollar. The price is trading below the $0.080 zone and the 100 simple moving average (4 hours). There is a…
The Dogecoin market saw a significant drop in price on May 4 to a low of $0.077 but eventually increased by 5.19% the next day. Despite the bear’s pressure, Dogecoin bulls are struggling to regain positive market sentiment. Notably, the Dogecoin price has experienced a slight 0.53% increase within 24 hours. According to CoinMarketCap, DOGE…