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For some time, predictions spread that Dogecoin (DOGE) would reach $1. Unfortunately, the optimism around that forecast has been dealt a huge blow as on-chain data evaluates the broader reaction to recent events and the meme coin's potential.

Elon Musk's grand vision for X, formerly known as Twitter, includes transforming the platform into an all-encompassing app, complete with payments, audio and video calls, news, and even dating. What is the most intriguing part of this ambitious project? The integration of Dogecoin, the popular meme coin Musk has often championed, into X Payments.

Traders waiting for bearish market sentiment around Dogecoin might have a good buying opportunity now.

Memecoins are underperforming the crypto market today, which could indicate that traders will pay more attention to BTC and ETH.

The market rout over the past 24 hours has triggered a major liquidation in Dogecoin (DOGE), such as has not been recorded since at least May 2021. Per data from CoinGlass, the broader market has printed $434.64 million in liquidations over the past 24 hours, with Dogecoin featuring prominently.

Bullish bets on Dogecoin (CRYPTO: DOGE) futures experienced significant setbacks on Monday, surpassing those of Bitcoin (CRYPTO: BTC). What Happened: The dog-themed meme token saw a sharp decline, with $60 million in long trades liquidated as its price dropped more than 10% before briefly recovering during Asian trading hours, Coindesk reported.

Dogecoin long liquidations have spiked to more than $60 million in the past 24 hours, as the memecoin fell below the $0.13 mark.

One of the two Dogecoin creators, known on social media as Shibetoshi Nakamoto and in real life as Billy Markus, has offered the global cryptocurrency community his comments as to what is happening on the crypto market at the moment.

Billionaire Elon Musk revealed his plan to expand X into an “everything app” to include audio & video calling, news, payments, dating, jobs, and other features. Work on banking or payments through X Payments LLC has been on track and it will be a major milestone for the company, said Linda Yaccarino, CEO of X.

Nearly all DOGE liquidation activity in the past 24 hours stemmed from long positions, with only about $600,000 worth of shorts, or bets against the token, being liquidated.

Toncoin saw a substantial 58% volume surge while the cryptocurrency market got hit with a massive correction that put Bitcoin below the $65,000 threshold. The tendency we are witnessing is not surprising: TON has shown resilience to market-wide tendencies by relying on a strong Telegram ecosystem.

Meme coins are on the receiving end of a large-scale altcoin sell-off on Tuesday morning, suffering double-digit losses across the board. Cryptocurrency Price Gains +/- Dogecoin (CRYPTO: DOGE) $0.1198 -10.7% Shiba Inu (CRYPTO: SHIB) $0.00001775 -11.1% Pepe (CRYPTO: PEPE) $0.00001043 -10.1% Dogwifhat (CRYPTO: WIF) $2.02 -15.8% Floki (CRYPTO: FLOKI) $0.0001625 -13% Dogecoin saw $60 million worth of positions liquidated, as prices dropped more than 10%, while Shiba Inu's larger transactions spiked.

The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

It was revealed in a recent report by Santiment that XRP, Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced their most negative crowd sentiment of the year. This drop follows notable price declines for these popular altcoins.

Dogecoin (DOGE), the king of meme coins, was launched in 2013 as a joke, combining two trending narratives at the time — Bitcoin (BTC) and the funny "Doge" meme. Elon Musk — the owner of SpaceX, Tesla and the X platform — has promoted DOGE, primarily through his presence on Twitter.

It's been a bumpy bout of volatility for cryptocurrencies. DOGE, SHIB, ADA, SOL, and other alternative cryptocurrencies nursed losses Tuesday amid continuing profit-taking and another day of net outflows from U.S. spot Bitcoin exchange-traded funds (ETFs), adding to the bearish sentiment.

The Dogecoin (DOGE) price is trading in a narrow range of $0.12 to $0.18. The bears have the upper hand and are testing the $0.12 support for the fourth time.

Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.

Fairlead's 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.

Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.

Dogecoin experienced a 14.98% decline last week. However, whales with over $5 million in DOGE continue to hold the market.

After a strong hue around the possible altseason and the expectations of a mega rally coming in the altcoin market, the FOMO has finally cooled down for the better. Over the last week, we have seen the altcoins correcting anywhere between 10-20% barring a few like Ethereum.

Doge Price Analysis: Dogecoin price experienced an 11% drop in price late Monday night going into Tuesday. The price dropped as low as $0.113, the lowest since February.

Robinhood's claim to fame in the crypto industry has been its meme coin offering to US trades, more specifically allowing Dogecoin trading in the meme coin boom of 2021.