Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
Cryptocurrency Dogecoin (DOGE) News
Dogecoin (DOGE) is a cryptocurrency built around the popular “doge” meme featuring a Shiba Inu. Founder Jackson Palmer announced the project on Twitter in November 2013 as a joke. When friends and industry peers encouraged him to pursue the project, Palmer purchased the domain dogecoin.com and began building. He was soon joined by Billy Markus.
The founders believed that Dogecoin could be a more lighthearted and accessible introduction to cryptocurrency, as Bitcoin (BTC) had started to become stigmatized following the Silk Road debacle and mining had become increasingly unfeasible with consumer laptops. Palmer left the project in June 2014.
Dogecoin is based on Luckycoin (LKY), which is itself a fork of Litecoin (LTC). It features an inflationary monetary policy with no cap. The block reward is set at 10,000 DOGE per block per minute.
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DOGE's price surge is driven by increased whale accumulation, X payment platform's license approvals, and heightened interest in the derivatives market.
3460DOGE's bullish fractal also gains support from expectations of interest rate cuts, the upcoming Bitcoin halving, and Elon Musk's influence.
9930Bitcoin has risen above $70,000, indicating that the bulls are back in the driver’s seat.
5144It took 203 days for Coinbase’s Base network to notch $1 billion in total value locked but only 25 days to reach $2 billion.
14915Bitcoin bulls attempt to establish control over BTC price, a move that could benefit DOGE, TON, STX and FTM.
5214Bitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins.
8416Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1.
16652Bitcoin and altcoins are starting to recover, but traders will watch closely to see if higher levels induce selling.
8377Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
6781Traders want to make their millions on Solana memecoins, but crypto proponents believe this is risky and would benefit the industry if it ends sooner rather than later.
6792Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
14375The trillion-dollar asset manager said memecoins such as Dogecoin “have no inherent value or utility” but have the potential for quick profits.
3285Musk started advocating for Dogecoin after receiving requests from Tesla factory employees and SpaceX visitors to include the memecoin as an official mode of payment.
16321The crypto market rally is starting to show signs of exhaustion, but Bitcoin and altcoin charts highlight traders' desire to continue buying each dip.
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