Dogecoin has eclipsed Porsches $56.1 billion valuation, surging to $57.8 billion in market cap, powered by Elon Musks influence and the launch of the first DOGE-focused exchange-traded product. Musks Backing Drives Dogecoins Market Surge Thanks to Elon Musks endorsements and the possibility of an exchange-traded product (ETP) debut, Dogecoins market capitalization has eclipsed that of luxury automaker Porsche.
Landmark moment for dogecoin as first exchange-traded product (ETP) launches on the Swedish Spotlight Stock Market. Traditional Finance Wants a Piece of DOGE The Valour Dogecoin, the first dogecoin (DOGE) ETP accessible in the Nordic region was launched on Tuesday by Valour Inc, a subsidiary of Defi Technologies.
Leading meme coin Dogecoin has overtaken German luxury automaker Porsche in terms of market cap, catapulted by the launch of an exchange-traded product (ETP) for DOGE in Nordics and endorsement from billionaire Elon Musk.
Shiba Inu (SHIB) and Dogecoin (DOGE) have been known as the finest meme-coin supremacy contenders and that is subject to change for a new player emerging from the shadow. Maintaining its recent growth. Shiba Inu still lags behind when it comes to market performance relative to Dogecoin.
Recent listings on Coinbase and Robinhood have invigorated bullish sentiment about Pepe, with traders calling for new all-time highs to come soon. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Pepe (CRYPTO: PEPE) $0.00001833 $7.7 Billion +1.8% -9.2% Dogecoin (CRYPTO: DOGE) $0.3934 $57.8 Billion +4% +0.99% Shiba Inu (CRYPTO: SHIB) $0.00002499 $14.7 Billion +4.2% +1.9% Trader Notes: Crypto trader MaxBecauseBTC sees Pepe standing out in the meme coin space, predicting it will join Dogecoin and Shiba Inu as multi-billion-dollar assets.
The crypto markets are consolidating as the Bitcoin bulls are displaying weakness as they are struggling to hold the rally above $93,000. Meanwhile, the top memecoins like Dogecoin and Shiba Inu continue to rise with a decent range.
The popular Shiba Inu (SHIB) cryptocurrency is seeing disturbing developments in the behind-the-scenes, on-chain reality of the crypto market. According to data from IntoTheBlock, the number of Shiba Inu tokens shipped from wallets by major token holders over the past 24 hours totaled 7.48 trillion SHIB.
The news that the domain DOGE.com is now for sale with an eye-popping price tag of $10,420,069 has taken the internet by storm. Given that Elon Musk recently announced the establishment of his Department of Government Efficiency, which focuses on optimizing procedures and reducing wasteful spending, the timing of this listing does not seem to be coincidental.
Check out some of the latest SHIB price predictions.
The Dogecoin Foundation has recently introduced "Dogebox," an initiative aimed at accelerating the adoption of Dogecoin ($DOGE) by small and medium-sized businesses. The post Dogecoin Foundation Introduces “Dogebox” – Can Elon Musk's Crypto Talk Push DOGE to $1? appeared first on Cryptonews.
Binance has expanded its trading offerings by adding new pairs and trading bots services for trending crypto. Binance Spot will launch pairs for crypto including Apecoin (APE), Hedera (HBAR), Book of Meme (BOME), and other key tokens.
Shiba Inu price and other meme coins have wavered this week as the recent momentum waned and as Bitcoin failed to cross the $100,000 resistance. Still, technicals suggest that the SHIB coin may be about to go parabolic after forming four bullish patterns.
Dogecoin (DOGE), the dog-themed meme coin, has seen growing adoption, particularly among retail investors. The surge in activity suggests these investors are exhibiting Fear of Missing Out (FOMO).
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a modest increase in large transaction volume, rising by 5.32% over the past 24 hours. While this uptick suggests some activity among large holders or whales, it is still a very modest rise in comparison to what the cryptocurrency has seen recently.
DeFi Technologies Inc., a crypto-focused financial technology firm, has announced the listing of the first Dogecoin (DOGE) exchange-traded product (ETP) in the Nordic region through its subsidiary, Valour Inc.
Cryptocurrencies stabilized a bit on Wednesday after slipping in the past two consecutive days. Dogecoin price rose slightly as traders anticipated Elon Musk's DOGE success.
Some analysts foresee an over 1,000% Dogecoin price increase based on emerging technical chart patterns.
Lucie, the marketing lead for Shiba Inu, shared that the ecosystem would be offering significant rewards for new users engaging with the liquid staking feature. Though the exact reward details are yet to be fully disclosed, Lucie emphasized that participants could expect up to $500 in rewards for getting involved in this program.
Shiba Inu (SHIB) is garnering attention for its robust performance and potential for future expansion as 2024 draws to a close. SHIB has managed to captivate the interest of both investors and crypto enthusiasts, as it is currently dealing at $0.00002566.
Dogecoin is consolidating above $0.3650 with key resistance at $0.400, while technical indicators suggest a neutral market stance with potential for movement in either direction.
The rise in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed. What Happened: A paper by the U.S. Treasury's Office of Financial Research has identified a correlation between the surge in cryptocurrency investments and an increase in debt, particularly mortgages, in areas with high exposure to cryptocurrencies.
Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance.
The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses.
The Dogecoin price is up almost 150% since the start of this month, as the foremost meme coin continues to enjoy a massive bull run. Crypto analyst Alan Santana has provided insights into what is driving this rally and whether it is sustainable.
Crypto markets are entering the week like a ticking bomb, primed by global macro pressures and critical technical levels.
Given the obvious signs of waning market momentum, Dogecoin's ambitious quest to reach the $1 milestone may have encountered a snag. Given that Bitcoin recently experienced a retracement that had an impact on altcoins in general, DOGE's trajectory appears less promising.
The Dogecoin price is outperforming Bitcoin. Surprising right?
Elon Musk's net worth recently surpassed $334 billion, thanks to the US Elections, a surge in Tesla's valuation, and high-risk innovative AI investments. 2024 is working well for Musk as his wealth has climbed by more than $70 billion since 2023.
Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases.
Valour said its product launched on Sweden's Spotlight Stock Market represents a first-of-its-kind for the region.
The Dogecoin price has been gearing up for a major bull rally since it rose to the $0.4 threshold and began testing this resistance. Shedding light on Dogecoin's future bullish trajectory, a crypto analyst has discussed the importance of the $0.22 50-day Moving Average (MA) in determining the Dogecoin price movements in this bull cycle.
Dogecoin whales have resumed buying, fueling bullish momentum as DOGE eyes a potential breakout.
The Shiba Inu burn rate is facing new challenges amidst a corresponding lull in the Shiba Inu price. According to data from Shiba Inu burn tracker Shibburn.
Cryptocurrency markets are trading lower on Tuesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $91,912.69 -2.9% Ethereum (CRYPTO: ETH) $3,277.87 -4.8% Solana (CRYPTO: SOL) $226.08 -5.1% Dogecoin (CRYPTO: DOGE) $0.3746 -6.8% Shiba Inu (CRYPTO: SHIB) $0.00002385 -6.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 77.4% and daily active addresses up by 16.4%.
The ETP will trade on Sweden's Spotlight Stock Market, offering investors' access to the world's largest memecoin.
Shiba Inu price, a prominent meme coin, has recently witnessed a substantial 41% increase in its value over the past month, marking a robust bullish trend. This surge has contributed to an overall growth of 195% in the past year, boosting confidence among investors.
Dogecoin (CRYPTO: DOGE) is now in the spotlight as its ever exchange-traded product (ETP) is listed on Sweden's Spotlight Stock Market. What Happened: DeFi Technologies Inc., through its subsidiary Valour Inc., has introduced the first-ever Dogecoin ETP in the Nordics.
With news about new rewards unveiling, token burns, and an optimistic 200% Shiba Inu price prediction, could it be enough for the SHIB price to recover?
The launch of the Dogecoin ETP in the Nordics signifies growing mainstream acceptance and investment diversification in digital assets. The post First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset appeared first on Crypto Briefing.
TL;DR DeFi Technologies launches the first Dogecoin ETP in the Nordic countries, offering investors an easier way to access the asset. The Valour Dogecoin (DOGE) SEK ETP is available on Sweden's Spotlight Stock Market and carries a 1.9% management fee.
Shibarium, powered by Shiba Inus active community, hit a record $8.57 million in TVL before a market downturn reduced it to $4.58 million. Shiba Inu leads staking activity with $3 million, underscoring its dominant role in the ecosystem.
Dogecoin (DOGE) price hit its highest level since 2021 on November 23 but has since entered a correction, dropping 12% in the last 24 hours. The Ichimoku Cloud, DMI, and EMA indicators all point to growing bearish momentum, with DOGE trading below critical levels and showing signs of weakening upward pressure.
Crypto to Buy Now: After a notable upside rally, the overall cryptocurrency market appears to be correcting. Today, November 26, 2024, the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others have reported significant price declines.
DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.'s new product—the Valour Dogecoin (DOGE) ETP—on the Sweden-based Spotlight Stock Market, according to a Nov. 26 statement.
Dogecoin (DOGE), the largest meme coin, has set a record for network activity, with 60.9 billion tokens shifted by large investors in 24 hours. Such intense movement usually indicates increased interest from large investors, often called whales, in anticipation of bullish momentum.
Shibarium, the layer-2 protocol associated with Shiba Inu (SHIB), has witnessed a spike in activities resulting in remarkable development. According to Lucie, the marketing lead at Shiba Inu, the total value locked (TVL) has hit an all-time high (ATH) of $8.57 million.
Shiba Inu price joined other cryptocurrencies in a steep sell-off as the recent rally took a breather and the burn rate declined. Shiba Inu (SHIB), the second-largest meme coin, dropped to $0.
The majority of the coins are in the red zone today, according to CoinStats.