Latest Dogecoin news
Dogecoin Holds Its Own Despite Bearish Outlook For Equities: What's Driving The Coin Today
Dogecoin (CRYPTO: DOGE) traded 2.1% higher at $0.09 over 24 hours leading up to early Monday. DOGE saw a moderate spike alongside other major coins but traded below the psychologically important 10-cent mark as the global cryptocurrency market cap rose 3.1% to $1.3 trillion. Dogecoin Price Performance Time-frame % Change (+/-) 24-hour 2.1% 24-hour against Bitcoin -1.15% 24-hour against Ethereum -1.4% 7-day -2.8% 30-day -36% YTD performance -50.2% See Also: Best Crypto Debit Cards The DOGE Factors DOGE was among the most mentioned cryptocurrencies on Twitter at press time, according to Cointrendz data. The three most mentioned coins were Terra, Bitcoin, and Solana Dogecoin’s 24-hour trading volume rose 21.7% to $386.95 million at press time, according to CoinMarketCap. Coinglass data indicated that $664,580 worth of DOGE was liquidated over 24 hours as the price of the meme coin rose. Choppy Stocks Could Exert Pain On Crypto In the fresh trading week, choppy equities markets could exert more downwards pressure on cryptocurrencies as the strong correlation between equities and cryptocurrencies persists. Edward Moya, a senior market analyst at OANDA, expects technical selling to pick up the pace. Tesla Files Plans For Hollywood DOGE Supercharger Tesla Inc (NASDAQ: TSLA) has filed plans for a Hollywood supercharger, according to a report from Sunday. The location will also have a diner and a drive-in theater. Tesla CEO Elon Musk had tweeted in February that Dogecoin could be accepted at that location. Doge On The Web Dogecoin co-creator Billy Markus tweeted that “smart, sustainable” growth is better than “crazy unsustainable hype” on Sunday. smart, sustainable growth is better than crazy unsustainable hype — Shibetoshi Nakamoto (@BillyM2k) May 22, 2022 Markus said that “people lining up to exit” is what unsustainable hype brings in response to a Twitter user. people lining up to exit is what unsustainable hype brings — Shibetoshi Nakamoto (@BillyM2k) May 22, 2022 Read Next: Terra (LUNA) Founder Do Kwon Denies Tax Evasion; Korea Office Closure Before Crash 'Coincidental' © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Bitcoin, Ethereum, Dogecoin Keep Head Above Water: Why Crypto Could Face More Pain From Stocks In Week Ahead
Bitcoin and Ethereum traded just a little above key psychological levels on Sunday evening, as the global cryptocurrency market cap rose 3% to $1.3 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 2.7% -2.65% $30,247.14 Ethereum (CRYPTO: ETH) 3.2% -4% $2,040.33 Dogecoin (CRYPTO: DOGE) 1.7% 5.95% $0.09 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price IoTeX (IOTX) +17.5% $0.044 TerraUSD (UST) +14.5% $0.065 Convex Finance (CVX) +11.3% $10.64 See Also: How To Get Free NFTs Why It Matters: The weekend saw the two largest cryptocurrencies by market capitalization post marginal gains, but Bitcoin and Ethereum are still struggling near the $30,000 and 2,000 levels, respectively. Cryptocurrencies continue to track stock markets, particularly the S&P 500, which slipped into bear territory on Friday. At press time, futures in the S&P 500 and Nasdaq were up 1% and 1.25%, respectively. Investors will keep an eye out for a slew of earnings from the retail sector in the week ahead, following lackluster results from Target Corp (NYSE: TGT) last week. Investors can expect some choppiness flowing into the cryptocurrency side due to volatility in equities. “The S&P 500 has lost over 20% of its value from the January high, and it seems that technical selling will only accelerate,” said Edward Moya, a senior market analyst with OANDA. “Bitcoin remains a risky asset and headed lower after the S&P 500 fell into bear market territory,” wrote Moya in a note, seen by Benzinga. Glassnode co-founders Yann & Jann tweeted that Bitcoin is trading like the “most sensitive” S&P500 sectors. They noted that the S&P 500 and Nasdaq could be heading into an eighth straight weekly loss. The effect of rising prices is starting to hit. #BTC is trading like the most sensitive SP500 sectors. The $SPX and $NDX are setting up for the 7th consecutive losing week. #Bitcoin could mark its 8th week. See for yourself https://t.co/6l2GtLazpS pic.twitter.com/rNHTDMoT3m — Negentropic (@Negentropic_) May 20, 2022 Cryptocurrency investor sentiment remains bleak as Alternative.me’s “Crypto Fear & Greed Index” flashed “Extreme Fear” at press time. Last week, the index indicated “Extreme Fear” as well. Cryptocurrency trader Michaël van de Poppe noted Bitcoin’s price action over the weekend and said the apex coin had a “great breakout” at the $29,300 area, which led to a run towards $30,200, which acted as a resistance. He expects “consolidation now.” Still good on #Bitcoin. Great breakout at the $29.3K area, resulting in a run towards $30.2K, which became resistance (as disclosed in the previous tweet). Consolidation now. Break would mean $31.1K and potentially $32.8K + #altcoin momentum. pic.twitter.com/Ia9svBR3Lf — Michaël van de Poppe (@CryptoMichNL) May 22, 2022 Separately, Van de Poppe said on Twitter that the “Coming week will be massive.” Van de Poppe also said the week ahead would "be massive.” Read Next: Crypto Analyst Predicts 6 To 8 Months Of Downside For Bitcoin: Brace For $11K Bottom © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Which Will Happen First, Bitcoin At $100K Or Dogecoin At $1? The Choice Is Clear
Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency trading and investing: Which will happen first, Bitcoin (CRYPTO: BTC) at $100,000 or Dogecoin (CRYPTO: DOGE) at $1? Here are the full results from this week’s survey: Bitcoin will reach $100,000 first: 70.2% Dogecoin will reach $1 first: 29.8% Is Bitcoin at $100,000 Possible or Impossible? As the price of Bitcoin fluctuates, many people wonder — will Bitcoin reach $100,000 in 2022? Bitcoin is considered one of the most volatile assets to trade, making it incredibly hard to predict its future price. One way to examine if it is possible for Bitcoin to go to $100,000 is to take a look at the previous market cycles’ price actions… Read More Price Action: At last check, apex cryptocurrency Bitcoin is rebounding higher Sunday by 1.61% at around $29,750. Bitcoin is otherwise trading lower by over 24.47% over the past month. Meanwhile, meme crypto Dogecoin is bouncing higher by 0.85% at $0.085 Sunday. Dogecoin has been trading sharply lower along with the broader cryptocurrency market for the past month, down by 37.35%. This survey was conducted by Benzinga in May 2022 and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Majority Of Dogecoin Investors Are Still In Profit Despite 90% Drop: Here's How
The price of Dogecoin (CRYPTO: DOGE) has been plummeting since it hit its peak in 2021. At the time of writing, it was trading at $0.08531, dropping almost 4% in the last seven days. Dogecoin has experienced one of the worst declines in the crypto's history, falling by almost 90% from its all-time high of $0.7376 set on May 8, 2021. Also Read: After Jeff Bezos, Elon Musk Calls Dogecoin Creator 'Wise' However, a majority of investors in the meme coin still have their heads above water. According to IntoTheBlock data, 53% of all investors are still in profit. IntoTheBlock also indicates that Onchain signals are bearish for DOGE, including net network growth and large transactions. Meanwhile, derivatives activity is showing a bullish sign, with positive futures market momentum. Compared to this, only 51% of Bitcoin (CRYPTO: BTC) investors are in profit. On the other hand, Ethereum (CRYPTO: ETH) is still seeing 59% of investors in profit. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This Solar Company's 5-Year Return Makes Bitcoin, Dogecoin, Tesla, Disney, Apple, Microsoft, Ford And Amazon Look Trivial
Enphase Energy Inc (NASDAQ: ENPH) is known as a global leader in solar energy solutions, and over the past five years, delivered beaming returns for traders and investors. Since May 2017, Enphase Energy stock’s 5-year return has outperformed several of the world’s most popular cryptocurrencies, EV, entertainment and tech stocks: Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), Tesla Inc (NASDAQ: TSLA), Walt Disney Co (NYSE: DIS), Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Ford Motor Company (NYSE: F) and Amazon.com, Inc. (NASDAQ: AMZN). Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one platform. The company's micro inverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase Energy was incorporated in 2006 and is headquartered in Fremont, California. Here's how the returns break down from May 2017 to present: Bitcoin is up from $2,548.05 to $29,439.70 for a return of 1,055.38% Dogecoin is up from $0.0031 to $0.0848 for a return of 2635.48% Tesla is up from $65.03 to $663.90 for a return of 920.91% Disney is down from $108.41 to $102.42 for a return of -5.53% Apple is up from $38.40 to $137.59 for a return of 258.31% Microsoft is up from $69.96 to $252.56 for a return of 261.01% Ford is up from $10.93 to $12.50 for a return of 14.36% Amazon is up from $995.78 to $2,151.78 for a return of 116.09% And finally, Enphase Energy is up from $0.72 to $168.25 for a return of 23,268.06% © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•