Latest Dogecoin news
Dogecoin Pumps 8% After Elon Musk Says He's Still Buying
Even amid a brutal bear market, a Musk support tweet predictably gives the best-known meme coin a brief price surge.
Elon Musk Does It Again! Endorses Dogecoin, Says He'll Keep Buying The Meme Coin
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has again shown his support for Dogecoin (CRYPTO: DOGE). On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. DOGE is down over 12% in the past seven days. I will keep supporting Dogecoin — Elon Musk (@elonmusk) June 19, 2022 The Dogecoin rose almost 8.5% in 24 hours after Musk wrote that he would keep supporting Dogecoin. Responding to his tweet, one of his followers said he should keep buying the cryptocurrency. Musk replied that he was buying the meme coin. I am — Elon Musk (@elonmusk) June 19, 2022 Also Read: Elon Musk Says Dogecoin Should Be 'More Currency-Like,' Responds To Billy Markus On Crypto's Future The overall crypto market saw some movement after Musk's tweets. According to Coinmarketcap, and at the time of writing, Bitcoin (CRYPTO: BTC) was trading at about $19,674 on Sunday after dropping as low a $17,708.62 on Saturday. The Dogecoin was created in 2013 by Jackson Palmer and Billy Markus as a joke, but gained much popularity following Musk's endorsement of the meme coin. On Saturday, Musk signaled that his companies would expand use cases for Dogecoin. Dogecoin has made way for more meme coins such as Shiba Inu (CRYPTO: SHIB), Dogelon Mars (CRYPTO: ELON), Floki Inu (CRYPTO: FLOKI), and many more. Last week, Musk was sued for $258 billion by a Dogecoin investor for allegedly running a "pyramid scheme." Photo: Created with an image from Ministério Das Comunicações and Brian Bald on Flickr © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Musk tweets that he will keep supporting Dogecoin, in spite of lawsuit
The lawsuit alleges that Musk's consistent messaging that he was a fan of the cryptocurrency led directly to its price spike, and when market conditions changed, investors lost out. The post Musk tweets that he will keep supporting Dogecoin, in spite of lawsuit appeared first on The Block.
Why Dogecoin Is Getting Hammered Again Today
Shares of several popular altcoins, including Dogecoin (CRYPTO: DOGE), are trading lower again Saturday afternoon in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH). Crypto has traded lower this week in tandem with major U.S. indices, which are also experiencing marked weakness after the Federal Reserve Wednesday afternoon raised its target fed funds rate by 75 basis points to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years. Fed Chair Jerome Powell Wednesday said another 0.75% rate hike is on the table for the next Fed meeting in July... Read More Cryptocurrencies have been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the broader cryptocurrency sector. According to data from Benzinga Pro, Dogecoin is trading lower by 9.07% to $0.051 Saturday afternoon. Dogecoin is also lower by 39.88% over the trailing month amid ongoing weakness in the broader cryptocurrency market. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
So Will Bitcoin Fall Below $10K, Ethereum Below $500 And Dogecoin Below 3 Cents By The End Of July?
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 questions to over 1,000 Benzinga visitors on cryptocurrency investing: Do you think Bitcoin (CRYPTO: BTC) is heading below $10,000 by the end of July? Yes, Bitcoin will fall below $10,000 by the end of July: 24.7% No, Bitcoin won’t fall below $10,000 by the end of July: 75.3% Do you think Ethereum (CRYPTO: ETH) is heading below $750 by the end of July? Yes, Ethereum will fall below $500 by the end of July: 32.6% No, Ethereum won’t fall below $500 by the end of July: 67.4% Do you think Dogecoin (CRYPTO: DOGE) is heading below $0.03 by the end of July? Yes, Dogecoin will fall below $0.03 by the end of July: 27.1% No, Dogecoin won’t fall below $0.03 by the end of July: 72.9% Apex cryptocurrency Bitcoin is trading lower by 33% to $19,122 over the past month. The world’s most popular digital currency is trading off its 50-day simple moving average (SMA) of $27,988 by 32%. For the uninitiated, the 50-day SMA can help serve as a way for traders and investors to identify whether a crypto or equity is in a bull or bear market. The SMA ranks as one of the easiest-to-compute technical indicators. This popular indicator smooths out price data and can help you better identify market trends. The SMA can even provide objective signals that can assist you in selecting market entry and exit points as a trader or investor. Also Read: Ethereum is trading lower by 48% to $993 over the past month. Ethereum is off its 50-day SMA of $2,258 by roughly 56%. Ethereum last saw the $1,000 price level or below in January 2021. Dogecoin has fallen around 38% from $0.053 since the middle of May. The crypto coin has garnered much popularity following Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's endorsement of the meme coin as his favorite cryptocurrency... Read More This survey was conducted by Benzinga in June 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.
Elon Musk Says Dogecoin Should Be 'More Currency-Like,' Responds To Billy Markus On Crypto's Future
The Dogecoin (CRYPTO: DOGE) was created in 2013 by Jackson Palmer and Billy Markus as a joke based on a popular meme portraying a Shiba Inu. The crypto coin has garnered much popularity following Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's endorsement of the meme coin as his favorite cryptocurrency. Dogecoin has made way for more meme coins such as Shiba Inu (CRYPTO: SHIB), Dogelon Mars (CRYPTO: ELON), and Floki Inu (CRYPTO: FLOKI), and many more. In a recent Tweet, Markus, who goes by the pseudonym Shibetoshi Nakamoto on Twitter, outlined how he'd like the Dogecoin community to utilize the crypto. here is my desire for dogecoin:- people actually use it for something beyond pump and dump bullshit so it has a reason to exist - the community understands what crypto is and what the crypto market is and knows that it's all kinda dumb and has fun with it that's about it — Shibetoshi Nakamoto (@BillyM2k) June 17, 2022 Markus also urged people to keep working on the meme coin, adding more utility and security. Elon Musk responded, suggesting that Dogecoin should operate more like a currency. More currency-like — Elon Musk (@elonmusk) June 18, 2022 Also Read: Musk Reacts To Jack Dorsey's Bitcoin Web5 Project, Says Dogecoin Web69 Would Be Fire Last month, Markus spoke about the Dogecoin and said that he created DOGE as a "satire" to show "how many dumb coins exist." $doge: made 8 years ago as satire of the cryptocurrency scene and how many dumb coins exist, at a time when the scene took itself super seriously. got popular despite this. founders made barely anything. current “meme” coins: made to make founders rich. we are not the same. — Shibetoshi Nakamoto (@BillyM2k) May 17, 2022 At the time of writing, DOGE was trading at $0.05422, down 5.72% in the last seven days. The crypto has fallend 25% in the past seven days. Photo: Created with an image from Ministério Das Comunicações on Flickr © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Elon Musk Being Sued For $258B Over Alleged Dogecoin Manipulation: The Rise And Fall Of The Famous Meme Coin
In Manhattan yesterday (6/16/22), a class-action lawsuit was filed against Tesla Inc (NASADAQ: TSLA) CEO Elon Musk, by a man named Keith Johnson. The accusation is that Musk, Tesla, and SpaceX are operating an illegal racketeering enterprise to inflate the price of Dogecoin (CRYPTO: DOGE) most often referred to as a meme coin. The lawsuit comes at a time when seemingly all markets, crypto included, are taking massive hits. Musk has frequently used his platform to champion the meme coin and bring attention to it. Intentional, Illegal, or otherwise, there certainly seemed to be a direct correlation between the movement and the coin and his tweets. It begs some interesting questions, Is it illegal to be a crypto influencer? Is it Musk's fault that he took an interest, found humor, or possibly believed in the real hidden value of a coin that started as a joke? And does his interest make him liable for significant losses suffered by thousands, maybe even millions of people? The lawsuit, should it go anywhere, may uncover something more heinous... but, that remains to be seen. What we do know is the following: Dogecoin is an open-source cryptocurrency started in 2013 by Jackson Palmer and Billy Markus. Dogecoin's code was based on Luckycoin, which is derived from Litecoin. Dogecoin uses Proof-Of-Work for mining, which isn’t nearly as eco-friendly as Proof-Of-Stake By 2014, the coin had enough merit to donate $30,000 to Jamaica’s bobsled team, $11,000 to build a well in Kenya, and for some reason to provide $55,000 to sponsor NASCAR Driver Josh Wise. 2015 Palmer departs, citing a “toxic community” based around several shady events from community members. 2017-2018, Dogecoin surpassed $1 Billion market capitalization for the first time. April 2019 may have been Elon’s first tweet about Dogecoin, saying it was his favorite crypto. The price at the time was $0.002927. July 2019 major crypto platform Binance lists Dogecoin, and it sees an immediate 30% jump. 2021 Elon tweets a poll, asking if Tesla should accept Dogecoin as payment 2021 Meme stock AMC announced it planned on accepting Dogecoin as payment 2021 Elon tweets he was working with the coin's developers to improve transaction efficiency. May 2021 Elon appears on SNL and references Dogecoin May 2021 Dogecoin price reaches its peak of $0.72 October 2021 Dogecoin has a market cap of $31.9 billion June 2022 Dogecoin is listed at $0.05 It’s clear that Musk's involvement in the coin had an impact on its performance. However, to what extent and was there any inside information or trading that took place? The allegations aim to prove that Musk and his companies deceitfully promoted the coin as a real investment opportunity when, in actuality, there is no inherent value. Johnson seeks $86 billion in damages, plus $172 billion in triple damages, as well as an injunction barring Musk and the companies from marketing Dogecoin and declaring the trading of Dogecoin illegal under U.S. and New York law. Musk himself has yet to comment publicly on the matter, and hasn’t yet tweeted or made a dank meme regarding the suit. What this means for the price of Dogecoin remains to be seen. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This article discusses the current DOGE price and the DOGE price predictions provided by reliable sources. Can DOGE reach a new all-time high in the future? What does the DOGE coin technical analysis indicate? Why is it important? What will the DOGE price look like in 2021-2025? Is the DOGE coin a good investment right now? Let’s dive in and decide for ourselves.
Dogecoin Real-Time Status
DOGE current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget
Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.
Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.
Catch up with the latest crypto data by using the widget below.
Dogecoin Technical Analysis
Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.
You can check the DOGE price through CoinJoy's crypto portfolio tracker. Choose DOGE from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.
The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.
How To Buy Dogecoin
You can choose one or a few ways to purchase DOGE. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support DOGE tokens and allow you to store them. Locate the DOGE address starting from 0x. Sign up with DOGE and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.
Purchase as many DOGE coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.
There are various other exchange services that may support DOGE. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.
Dogecoin Price Prediction 2022
We have gathered the latest Dogecoin price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Wallet Investor is prominent that Dogecoin prices will increase, forecasting a potential bullish trend in 2022. According to the website algorithm, investors may be expecting an average of $0.162, with a potential maximum of $0.162, and a minimum of $0.074.
Trading Beasts has set the following targets for Dogecoin in 2022: an average of $0.077, a maximum of $0.096, and a minimum of $0.065. Based on the provided data, purchasing Dogecoin might be a good long-term investment.
PricePrediction.net has come out with a positive price prediction for Dogecoin: an average of $0.1, and a minimum of $0.097 is what holders could be anticipating in 2022.
Dogecoin Price Prediction 2023
According to Wallet Investor, Dogecoin prices are estimated to show positive uptrend signs in 2023, reaching an average of $0.248, with an expected maximum of $0.075, and a minimum of $0.164.
Similarly, Trading Beasts indicates an average of $0.091, a maximum of $0.113, and a minimum of $0.077 for Dogecoin.
Based on the information provided by key indicators, PricePrediction.net believes that Dogecoin prices could grow next year. The website forecasts the following prices for Dogecoin: an average of $0.15, a maximum of $0.17, and a minimum of $0.15.
Dogecoin Price Prediction 2024
As for 2024, Wallet Investor is bullish on Dogecoin. Investors should watch out for a potential average of $0.346. The website also indicates a maximum of $0.166 and a minimum of $0.255 in two years.
Trading Beasts expects a continuous positive trend for Dogecoin throughout 2024. The prices are likely to range between a maximum of $0.149 and a minimum of $0.102, with the average price reaching $0.119.
PricePrediction.net has set an average of $0.22, a maximum of $0.26 and a minimum of $0.21 for Dogecoin in two years, therefore predicting value growth for the token.
Dogecoin Price Prediction 2025
In 2025 Wallet Investor views Dogecoin positively. According to the website algorithm, the expected average price is $0.426, with potential maximum and minimum prices reaching $0.25 and $0.343 respectively.
Trading Beasts is also indicating an increase in Dogecoin prices, starting from the minimum of $0.104 and reaching as much as $0.153. The expected average price is $0.122.
Furthermore, PricePrediction.net is seemingly enthusiastic about Dogecoin prices in 2024. The website forecasts that the price may go up to as much as $0.37. The expected average price is set at the $0.31 level, whereas the expected minimum price is $0.3.
Dogecoin Price Prediction 2030
According to the long-term forecast from Wallet Investor, Dogecoin has great investment potential. The prices could reach $0.648 on average, whereas the maximum price could go up to as much as $0.725, and the minimum price could hit the $0.57 point.
Trading Beasts predicts that the bullish trend will remain strong for Dogecoin in 2030. Investors could be expecting an average of $0.076. The maximum and minimum prices might hit $0.098 and $0.054 respectively.
Last but not least, based on the sentiment from PricePrediction.net, Dogecoin prices will continue to grow in the long run, with the average price reaching the $2.11 level. The expected maximum price is $2.42 and the potential minimum is $2.05.
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
Is Dogecoin a good investment?
According to the experts' forecasts, Dogecoin will be a good investment.
Does Dogecoin Have Potential?
The DOGE is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Dogecoin forecast is positive, It has potential.
How much will Dogecoin be worth in 2022?
In 2022 the price of DOGE is expected to reach $0.12, based on the forecasting from various sources.
How much will Dogecoin be worth in 2023?
In 2023 the price of DOGE is expected to reach $0.17, based on the forecasting from various sources.
How much will Dogecoin be worth in 2024?
In 2024 the price of DOGE is expected to reach $0.26, based on the forecasting from various sources.
How much will Dogecoin be worth in 2025?
In 2025 the price of DOGE is expected to reach $0.37, based on the forecasting from various sources.
How much will Dogecoin be worth in 2030?
In 2030 the price of DOGE is expected to reach $2.42, based on the forecasting from various sources.