Dogecoin Started as a Joke, But DOGE Mining Is Getting Serious
Dogecoin mining is a profitable alternative to Bitcoin, vendors told Decrypt at Mining Disrupt—and small businesses are cashing in.
Keep up with what's happening in the crypto world in real-time.
Dogecoin mining is a profitable alternative to Bitcoin, vendors told Decrypt at Mining Disrupt—and small businesses are cashing in.
Dogecoin price may be preparing for a strong rebound as signs of bearish momentum fade and the potential for a significant rally emerges. Traders are closely monitoring the price action, which suggests that Dogecoin could rise as much as 450% from current levels.
Dogecoin (DOGE) is trading around $0.1802, down over 5% in the past 24 hours, facing renewed bearish momentum. The popular meme coin has failed to maintain key resistance and support levels, increasing fears of a significant breakdown.
Dogecoin's market faces heightened risk of volatility with dominant long liquidations and technical resistance.
After losing almost 6% in a dramatic daily move, XRP fell below an important support levels and entered a critical zone. It is currently trading at about $2.20.
Crypto whales bought Optimism (OP), Dogecoin (DOGE), and Worldcoin (WLD) in recent days. OP saw a rise in large holders despite being down 73% over the past year, while DOGE whale wallets climbed to a two-week high as meme coin sentiment shows signs of recovery.
Cryptocurrency markets have plummeted on Friday, following renewed inflation fears. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,620.45 -4.3% Ethereum (CRYPTO: ETH) $1,879.34 -6.7% Solana (CRYPTO: SOL) $129.23 -7.1% XRP (CRYPTO: XRP) $2.17 -7.4% Dogecoin (CRYPTO: DOGE) $0.1798 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00001320 -6.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9%.
While DOGE is down 7% on a daily scale, many traders and analysts remain optimistic about its future price performance.
Bitcoin dipped by 4% in the last 24 hours, amidst reports of upcoming U.S. tariffs on its trading partners. U.S. President Donald Trump's tariff announcements have been dramatic enough to keep crypto traders on their toes, as Bitcoin and altcoins react to the news.
Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.Traders are divided about Bitcoin's price trajectory in 2025.
Bearish pressure has halted Dogecoin's renewed upward momentum after the market gained traction a few days ago, bringing its price just below the $0.20 level. While DOGE struggles with the pullback, many participants are still holding on to the meme coin, reflecting robust confidence in its potential.
The altcoin market's instability has continued to exert pressure on different assets. Dogecoin (DOGE) plunged 6.15% in the last 24 hours, almost losing all the gains it made within the last seven days.
The Federal Reserve's key inflation measure came in hotter than expected in February, according to data released on Friday.
Crypto analyst Investing Scope has predicted that the Dogecoin price is set to reach the much-anticipated $1 level. The analyst also suggested that now is a great time to accumulate the foremost meme coin as a once-in-a-year buy opportunity returns.
The crypto market remained on edge on Friday after the U.S. released the Federal Reserve's preferred inflation metric.
Dogecoin (CRYPTO: DOGE) is down 6% on the day, but traders focus on the medium-term trend, speculating that a rally is still in the making. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.1813 $26.9 billion -6.2% +8.2% Shiba Inu (CRYPTO: SHIB) $0.00001334 $7.9 billion -6.1% +5.8% Pepe (CRYPTO: PEPE) $0.057830 $3.3 billion -6.1% +7.7% Trader Notes: Crypto trader Trader Tardigrade highlighted that Dogecoin has shifted to an uptrend on the daily chart, forming higher highs and higher lows.
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Dogecoin (DOGE) has reached a pivotal juncture on its four-hour chart, according to a new technical analysis shared by crypto analyst Satori (@Satori_BTC). The chart, posted on X, highlights Dogecoin's current interaction with the middle band of the Bollinger Bands—often used to measure volatility and potential support/resistance levels—around $0.19.
The crypto market is back in bearish territory after major cryptocurrencies registered a notable decline over the past 24 hours. As a result, the crypto market cap is down 1.20% and currently sits at $2.83 trillion.
Dogecoin (DOGE) is showing signs of cooling after a strong rally, with derivatives data revealing a dip in speculative activity. According to CoinGlass, open interest in Dogecoin futures and options fell 4.47% in the past 24 hours to $1.96 billionwell below the $3 billion average seen in November and December 2024.
Markets have been heavy since Thursday as President Donald Trump warned of deeper tariffs on Canada and the European Union in case the two collude and policies impact U.S. economic activity.
The crypto market has dropped today, March 28, with Bitcoin price dropping below $86,000. This decline in BTC price has also affected Ethereum, XRP, and Dogecoin.
Dogecoin started a fresh decline from the $0.2050 zone against the US Dollar. DOGE is declining and might test the $0.180 support zone.
An analyst on TradingView presented a technical outlook that contrasts with prevailing market sentiment, suggesting that Dogecoin is still forming the cup phase of a cup and handle pattern rather than completing the handle as many believe.