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Dogecoin

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms.

Dogecoin was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. Palmer tweeted the idea and Markus approached him to partner on making the concept a reality. 

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms. 

Dogecoin’s circulating supply currently exceeds 131 billion. The total supply is uncapped, meaning there is no limit to the amount that can be mined. 

In early 2021, Dogecoin won the adoration of influential figures including Tesla CEO Elon Musk, NBA team owner Mark Cuban, and Snoop Dogg. SpaceX completed a space mission funded by Dogecoin, and Cuban said the Dallas Mavericks would accept payment in DOGE.

Dogecoin (CRYPTO: DOGE) is beginning to see a surge in short bets as the broader meme sector experiences a downturn, raising concerns about the stability of meme coins. What Happened: According to Coinalyze data, DOGE funding rates turned negative on Tuesday, reaching -0.0027% by Thursday, a level not seen since October 2023.

Dogecoin Funding Rates Turn Negative As Short Sellers Eye Further Losses

DOGE funding rates are starting to flip negative, data shows, as traders move away from riskier assets amid low volatility in the broader crypto market.

Dogecoin Traders Appear to Short Token as Meme Coin Frenzy Eases

Bitcoin

Ethereum

Ethereum gained on major regulatory win against the SEC, while Bitcoin and Dogecoin continued to move sideways on Wednesday. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Ethereum Spikes, Bitcoin, Dogecoin Stay Choppy As Market Celebrates Legal Win Against SEC: King Crypto Could Bounce 80% Over Next 2 Weeks, Says Analyst

Dogecoin (DOGE) has seen a significant spike in long liquidations, surpassing $60 million in the past 24 hours as its price fell below the $0.12 mark.

Dogecoin Long Liquidations Surge Past $60 Million Amid Market Dip

Leading cryptocurrencies plunged lower Tuesday as traders remained cautious on fears about a shrinking market in the summer months. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Bitcoin, Ethereum, Dogecoin Trade In The Red As Summer Doldrums Kick In: Analyst Says 'We Are Early In The Cycle'

Cryptocurrency markets are trading down again, as the Donald Trump-themed DJT meme coin causes shockwaves in the crypto industry. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $64,593.68 -2.5% Ethereum (CRYPTO: ETH) $3,440.87 -2.5% Solana (CRYPTO: SOL) $3,440.87 -6.7% Dogecoin (CRYPTO: DOGE) $0.1209 -8.1% Shiba Inu (CRYPTO: SHIB) $0.00001796 -9% Notable Statistics: IntoTheBlock data shows a 67.7% increase in large transaction volume, while transactions greater than $100,000 spiked from 4,812 on June 16 to 6,958 on June 17.

Bitcoin, Ethereum, Dogecoin Print More Red Candles, But Top Trader 'Can't Be Bearish Here'

Dogecoin‘s (CRYPTO: DOGE) decline has left traders debating whether there is any short-term hope left for the meme coin. What Happened: Dogecoin has been moving inside a giant descending triangle, a pattern known for generally bearish implications.

Why Dogecoin Faces 'Decision Time'

Bullish bets on Dogecoin (CRYPTO: DOGE) futures experienced significant setbacks on Monday, surpassing those of Bitcoin (CRYPTO: BTC). What Happened: The dog-themed meme token saw a sharp decline, with $60 million in long trades liquidated as its price dropped more than 10% before briefly recovering during Asian trading hours, Coindesk reported.

Dogecoin's 10% Dump Liquidates $60M In Long Bets

Dogecoin long liquidations have spiked to more than $60 million in the past 24 hours, as the memecoin fell below the $0.13 mark.

Dogecoin posts double-digit drop amid surge in long liquidations

Pepe

Shiba Inu

Meme coins are on the receiving end of a large-scale altcoin sell-off on Tuesday morning, suffering double-digit losses across the board. Cryptocurrency Price Gains +/- Dogecoin (CRYPTO: DOGE) $0.1198 -10.7% Shiba Inu (CRYPTO: SHIB) $0.00001775 -11.1% Pepe (CRYPTO: PEPE) $0.00001043 -10.1% Dogwifhat (CRYPTO: WIF) $2.02 -15.8% Floki (CRYPTO: FLOKI) $0.0001625 -13% Dogecoin saw $60 million worth of positions liquidated, as prices dropped more than 10%, while Shiba Inu's larger transactions spiked.

Dogecoin, Shiba Inu, Pepe Crash Over 10%: 'There Are No Blue Chips' Among Memes, Warns Trader

Solana

The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected

Dogecoin (DOGE), the king of meme coins, was launched in 2013 as a joke, combining two trending narratives at the time — Bitcoin (BTC) and the funny "Doge" meme. Elon Musk — the owner of SpaceX, Tesla and the X platform — has promoted DOGE, primarily through his presence on Twitter.

Here's How Much You Would've Lost If You Bought Dogecoin During Elon Musk's Appearance On SNL

The Dogecoin (DOGE) price is trading in a narrow range of $0.12 to $0.18. The bears have the upper hand and are testing the $0.12 support for the fourth time.

Dogecoin Suffers From Strong Resistance But Recovers Above $0.12

Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.

Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021

Fairlead's 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.

XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles

Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.

Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K

The cryptocurrency market had a rough start to the week, with popular large-cap currencies registering marked declines. What Happened: Memecoins Dogecoin and Shiba Inu, and payment-focused coin XRP traded in the red on Monday, as indicated below.

Dogecoin, Shiba Inu, XRP Flagged By Analytics Firm As Buying Opportunities Amid 2024 Sentiment Low

Leading cryptocurrencies extended last week's declines on Monday, as pessimistic projections on interest rate cuts kept the market under pressure. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Bitcoin, Ethereum, Dogecoin Extend Losses As Market Remains Pessimistic: Analyst Forecasts King Crypto's Plunge Before A Rise To $98,000 By October

Swings in the price of Bitcoin and other top coins Monday appear to have triggered a wave of liquidations, mostly on long positions.

Bitcoin, Dogecoin, and Ethereum Volatility Drive $290 Million in Liquidations

Cryptocurrency markets are trading slightly down, as members of the Biden administration will reportedly attend a crypto roundtable. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,286.62 -0.3% Ethereum (CRYPTO: ETH) $3,528.34 -1.9% Solana (CRYPTO: SOL) $143.05 -3.8% Dogecoin (CRYPTO: DOGE) $0.1315 -3.4% Shiba Inu (CRYPTO: SHIB) $0.00001952 -6.6% Notable Statistics: Australia's largest stock exchange approved its first Spot Bitcoin ETF.

Bitcoin, Ethereum, Dogecoin Go Sideways, But 'Market Structure Back To Bullish,' Says Trader

Dogecoin (CRYPTO: DOGE) is facing downwards price pressure, leading traders to question how much DOGE could drop. What Happened: Crypto analyst Pierre outlined three potential scenarios based on current chart patterns.

Is $0.10 Really Dogecoin's 'Next Stop'?

Linda Yaccarino described Twitter's payments push as a transformative initiative coming to Elon Musk's social media platform "soon."

Elon Musk's Twitter to Debut 'Financial Ecosystem' in US—Will It Use Dogecoin?

Pseudonymous trader ‘Trading Vapor‘ suggested meme coins are poised to benefit the most from the upcoming alt season. What Happened: Trading Vapor shared his observation that sentiment towards both altcoins and meme coins is bad but thinks this is misplaced.

Dogecoin, Shiba Inu, Floki Are 'Dino Coins,' Says Trader: He Likes These 3 Other Meme Coins As 'Blue Chips'

Cryptocurrency markets are trading in the red, with Bitcoin touching the sensitive $65,000 level and mixed opinions about future price trajectory. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $65,615.96 -1.7% Ethereum (CRYPTO: ETH) $3,411.62 -2.4% Solana (CRYPTO: SOL) $142.05 -4% Dogecoin (CRYPTO: DOGE) $0.1339 -5.7% Shiba Inu (CRYPTO: SHIB) $0.00002002 -6.4% Notable Statistics: Coinglass liquidations data shows Bitcoin's short liquidations at the lowest since June 9.

Bitcoin, Ethereum, Dogecoin Drop Further: 'Chop For Rest Of The Summer

BitMex co-founder Arthur Hayes and macro guru Raoul Pal shared their thoughts on the future of digital assets and market strategies in a recent podcast, delivering important insights on what to expect in the current market cycle. What Happened: Arthur Hayes emphasized a straightforward strategy: "Be long, don't sell, don't get shook, don't use too much leverage.

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