Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The price of Dogecoin has been experiencing a significant amount of bearish pressure in the past few days. This recent decline coincides with a general market downturn, which has seen other large-cap assets like Bitcoin and Ethereum tumble with notable losses.
The meme coins sector of the crypto market is taking a big hit amidst a wider price decline in the industry. Recent lackluster price action has seen most cryptocurrencies struggling to maintain bullish price action for the majority of last week.
Due to the general market decline, DOGE's long liquidations climbed to a 30-day high.
The Dogecoin (CRYPTO: DOGE) community observed significant activity among whales, as they transferred vast quantities of the meme coin in the last 24 hours. This flurry of activity coincided with a 19.4% decline in DOGE's price on Friday, prompting speculation that these anonymous whales might seize the opportunity to buy the dip.
Millions of Dogecoins (DOGE) were transferred in large volumes in the last 24 hours. These cashouts coincided with the sharp decline of DOGE's market value, which dropped by 19.4%.
Bitcoin BTC has fallen sharply after Israel's military said Iran had fired "dozens" of drones toward it in a retaliatory attack.
A crypto analyst has revealed what to expect from Dogecoin's (DOGE) price on April 20, which happens to be DOGE day. This analyst's bullish prediction undoubtedly adds to the excitement as the DOGE community gears up for the special occasion.
In the wake of a significant downturn in the cryptocurrency market on Friday, Billy Markus, the co-founder of Dogecoin (CRYPTO: DOGE), shared an unusual statement on X, formerly known as Twitter, about the meme currency. On a day marked by widespread losses across major cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin itself, Markus' playful commentary stood out amidst the sea of red.
Dogecoin Price Analysis: The second largest meme cryptocurrency Dogecoin has been under a correction trend for over two years and witnessed a drop from $0.228 to $0.17 registering a 28.35% loss. Amid the broader market correction, this asset has showcased a lower high formation in daily charts indicating an early sign of market sentiment shifting
DOGE's price has the potential to recover, but this depends on numerous conditions
Does Dogecoins usage justify its market position?
Billy Markus, the co-creator of the meme-based digital currency Dogecoin and a known figure in the crypto community, took to social media to comment on the recent crash that saw significant drops in major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin, alongside a dip in the traditional S&P 500 index.
Popular blockchain sleuth Whale Alert has published several tweets to share that over the past 24 hours, DOGE whales have become pretty active in transferring massive amounts of meme coins.
Billy Markus known on the X social media platform as “Shibetoshi Nakamoto” co-created meme cryptocurrency Dogecoin in 2013. Markus is famous for his playful and sarcastic takes regarding the cryptocurrency market.
In an unforeseen turn of events, amidst a substantial downturn faced by the majority of crypto prices today, an intriguing phenomenon appears to have magnetized notable investor attention to Dogecoin, the largest meme cryptocurrency by global market cap. Intriguingly, mirroring the broader crypto market's current trend, Dogecoin's price witnessed a slip below $0.18 in the
Within the crypto industry, the memecoins emerged as the top performer, yielding the highest returns compared to other sub-sectors.
The Dogecoin price has continued to trend around the $0.19-$0.2 level after encountering significant resistance from the bears at this level. This has caused a suppressed price action over the last week, stopping the meme coin's advancement in its tracks.
Major cryptocurrencies dropped on Friday, with $877.8 million liquidations in the crypto derivatives market. What Happened: Cryptocurrency markets were weighed down by risk-off sentiment in traditional markets amid heightened geopolitical risks.
PEPE surged after its listing on Coinbase, but there were some ties to Dogecoin as well.
Aside from these meme coins, the other massive losers in the past 24 hours are CORE, DYDX, W, CFX, and more.
Bitcoin's correction deepened as BTC price fell to $65,000, and altcoins were hit with double-digit losses.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
Dogecoin developer and contributor, Mishaboar has warned the Dogecoin community of the risks involved in engaging the cryptocurrency leverages and derivatives market. He explains that the current market is too volatile and unpredictable for investors, cautioning that investors could end up losing badly.
