DOGE price

Dogecoin’s Four-Legged Fall — DOGE Slides to 9th Market Cap Position Dropping 18% Last Month

September 14, 2021 Bitcoin.com

Dogecoin Price Captures 24 Hour Double-Digit Gains Following Social Media Hype

August 16, 2021 Bitcoin.com

Dogecoin Captures Double-Digit Gains This Week — One Address Still Holds 28% of the DOGE Supply

August 8, 2021 Bitcoin.com

Oscar Mayer auctions one-off pack of ‘Hot DOGE’ Wieners

August 5, 2021 Coin Telegraph

Auction

Oscar Mayer is auctioning off a one-of-one pack of “Hot Doge Wieners” on Ebay, with bids hitting $3050 before bidding was paused

American manufactured meat company Oscar Mayer is auctioning off a one-of-one pack of “Hot Doge Wieners” on Ebay.

The limited edition pack of Dogecoin themed wieners includes 10 sausages and a picture of the beloved Shiba Inu dog on the packaging, along with the “cash equivalent” of 10,000 Dogecoin (DOGE).

The auction is set to close on Aug. 7 however the listing has been temporarily taken down with the firm noting on Twitter today that “you guys really took this to the moon. The link is down but will be up soon!”

During the initial hours of bidding, Redditors in the r/dogecoin community spotted a bid of $3050 during the auction. That might seem like a lot considering the “collectors item” has a maximum shelf life of three months (if stored in a freezer) — and the winner needs to allow “3-5 weeks for delivery”. However the cash value of 10K DOGE is just over $2000, so that’s only $1050 for the chance to own some perishable hot "doges".

You guys really took this to the moonthe link is down but will be up soon!
— Oscar Mayer (@oscarmayer) August 4, 2021

The auction is part of Ebay’s Auctions for Charity, and all of the proceeds from the sale will go to the food bank and hunger relief organization Feeding America. Oscar Mayer’s profile picture on Twitter currently contains a picture of Doge wearing Oscar Mayer shades.

Oscar Mayer’s charity efforts and DOGE-themed marketing campaign come at a time when the number one memecoin is struggling to recover from the crypto downturn which began back in May. DOGE hit an all time high of $0.73 on May 8 and has since declined by more than 70% to around 20 cents according to data from CoinGecko.

While the price of DOGE has struggled of late, another memecoin backed by a Reddit community has taken the lead on price. The price r/CryptoCurrency Moons (MOON) coins has increased by 112% over the past week, going from $0.16 on July 29 to $0.34 as of today.

While it's worth more than DOGE technically, it'll take a monumental shift to officially usurp the throne from DOGE, as MOON had a 24-hour trading volume of $79,000 compared to $931 million for Dogecoin.

Oscar Mayer joins a long list of popular brands that have jumped on Dogecoin promotional bandwagon. Cointelegraph reported on July 20 that male grooming product manufacturer Axe launched a limited run of body spray cans dubbed “Dogecan”.

Other firms to join in on the fun include Slim Jims, Snickers and Milky Way, all of which celebrated Doge Day on April 20.

Finder’s Experts Predict Dogecoin Price Should Hit $1.21 by 2025 and $3.60 by 2030

August 4, 2021 Bitcoin.com

Dogecoin gains 8% after Elon Musk says DOGE payments compete with Bitcoin, Ethereum

July 9, 2021 Coin Telegraph

Bitcoin

The billionaire's latest public praise of Dogecoin yields few returns but a lot of mockery.

Dogecoin (DOGE) may need a new marketing strategy after the latest publicity stunt from Elon Musk moved its price by less than 8%.

In a tweet on July 8, "Dogefather" Musk argued that Dogecoin could do a better job at payments than Bitcoin (BTC) or Ethereum (ETH).

Musk: BTC, ETH "slow" with high fees

The latest in a long line of plugs, the Tesla and SpaceX CEO was responding to crypto YouTuber Matt Wallace, who revealed excitement an upcoming protocol upgrade.

"BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high," Musk claimed.

"There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer."

BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high.

There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer.
— Elon Musk (@elonmusk) July 9, 2021

The proposal envisages Dogecoin having on-chain transactions as the norm, with exchanges essentially fulfilling the role that the Lightning Network does on Bitcoin.

Exchanges currently process large numbers of transactions internally without touching the blockchains of respective coins. These are then synced as necessary, resulting in fewer on-chain transactions and therefore fewer fees and less strain on the relevant blockchain.

Responding, Twitter users took issue with the concept that exchanges would be happy to fulfill such a role.

Employing centralized trusted third parties as the backbone of a payment network, others hinted, was vastly inferior to the Lightning Network solution.

"Elon Musk and Jeff Bezos are pursuing a multi planetary space transport, but development is slow & cost is high," podcast host Peter McCormack mockingly replied.

"There is merit imo to building rockets with spit and cardboard, increasing build speed and minimising cost."

DOGE price limps 70% below peak

For all the attention, meanwhile, DOGE/USD once again moved only slightly, trading up 7.6% at just under $0.23 at the time of writing.

Against its all-time highs from May 8, when Musk went on Saturday Night Live to bring Dogecoin to a wider audience, the pair is still down 70%.

*DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView*

Musk has inadverently diverted attention from DOGE with his own social media campaigns.

Various tweets have spawned new dog meme-themed cryptocurrencies — a post about Musk adopting a shiba inu named "Flocki" quickly saw the emergence of a raft of shiba inu-related tokens.

Prior to that, SHIBA INU (SHIB) itself competed with DOGE as retail investors piled into the meme trades.

Bitcoin bounces at key range amid hope BTC price will avoid ‘big nuke’

July 2, 2021 Coin Telegraph

Bitcoin

A major dip to $20,000 is not expected, one trader says, but lower levels, in general, are still in the cards going into the weekend.

Bitcoin (BTC) retained a key support area on Friday as bidders stepped in to avert another test of $30,000.

*BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView*

Bitcoin: “Leg down” vs. “big nuke”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bottomed out at local lows of $32,700 overnight.

A subsequent rebound took the pair almost $1,000 higher before settling at around $33,300 at the time of writing.

As Cointelegraph reported on Thursday, this is above the $33,000 zone, which at least one trading source identified as highly significant for bulls to keep intact.

Going into the weekend, the mood is thus not as gloomy as it once was, this being tempered by expectations that a “leg down” could — or even should — still occur.

Popular trader Crypto Ed eyed a potential trip to a local bottom in Bitcoin’s relative strength index (RSI), which would, in turn, produce an oversold price dip followed by a correction.

“When following RSI pattern/trend and that wave pattern, BTC could do 1 more leg down,” he considered.

“I’m not expecting a big nuke.... ‘big nuke’ as in a move to 20k or lower.”

*BTC/USD 4-hour and RSI scenario chart. Source: Crypto Ed/Twitter*

Since coming off $64,500 all-time highs, Bitcoin has dipped to a maximum of $28,600, with lower lows and a challenge of the 2017 peak of $20,000 so far absent.

Nonetheless, price action remains rangebound, with analyst Rekt Capital seeing a solid downward trend, which nonetheless contains a clear level to reclaim for a breakout.

“BTC is still maintaining this structure and the blue diagonal will still be the trend line to watch for a breakout when the time comes,” he said in comments on an accompanying chart.

Altcoins trend downward

Altcoins, meanwhile, slipped from prior strength, with losses broadly beating Bitcoin’s slight downturn to hit 5% or more.

Ether (ETH), the largest altcoin by market capitalization, traded at $2,060 on the day, down 3% — a story matched by various other major cryptocurrencies.

Ethereum Classic (ETC) came off its publicity boost highs from earlier in the week, while publicity from Elon Musk likewise failed to deliver sustained gains to Dogecoin (DOGE), which was down 4% at the time of writing.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin price gains 40% in a day as altcoins, Cardano and Dogecoin join $42K BTC

May 20, 2021 Coin Telegraph

Bitcoin price gains 40% in a day as altcoins, Cardano and Dogecoin join K BTC

ada

It's a sea of green for Bitcoin and altcoins on Thursday as a tsunami of optimism erases the previous crypto bloodbath.

Bitcoin (BTC) hit $42,000 on May 20 as altcoins joined the largest cryptocurrency in its record-breaking comeback.

BTC price hits February highs

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to all-time highs from February on Thursday.

At the time of writing, volatility was back as bulls sought to tackle what was once formidable resistance.

As Cointelegraph reported, the past 24 hours have been a test like no other for Bitcoin as selling pressure drove it to $30,000, only to evaporate and allow a run to $40,000 — all within around five hours.

On Thursday, higher levels remained, with brief spikes hinting at major buy-ins frontrunning a concerted push higher.

Versus the local lows, BTC/USD gained an unparalleled 40% in less than 24 hours.

"The most spectacular rallies happen when emotions within the market at their most extreme," popular Twitter trader Rekt Capital said as part of multiple posts as the market rose.

Rekt Capital noted that the Crypto Fear and Greed Index, a key indicator of sentiment, was practically repeating behavior from March 2020, when cryptocurrencies broadly crashed.

As such, others were beginning to reveal long positions on the day in a further signal of belief that the worst of the dip was over.

#BTC is currently inside the $38000-$44000 range

Two things to watch out for in the short-term:

• Can ~$38000 hold as support during a retest attempt?

• Will ~$44000 turn into a resistance once tested?$BTC #Bitcoin https://t.co/cfdEZ2BVKt pic.twitter.com/Ha6u8EEHV2
— Rekt Capital (@rektcapital) May 20, 2021

Cardano leads major altcoin rally

On altcoins, opportune moments for gains were also flowing in, with Cardano (ADA) up over 70% and Dogecoin (DOGE) up 55%.

The latter was flying high once again thanks to Twitter activity from Tesla and SpaceX CEO Elon Musk, who on Thursday hinted at a plan to drive DOGE/USD to $1.

How much is that Doge in the window? pic.twitter.com/bxTkWOr50V
— Elon Musk (@elonmusk) May 20, 2021

The top ten cryptocurrencies by market cap saw 40% daily returns or more as Bitcoin led battered tokens back to where they were just days before.

Ether (ETH) was up 40% at the time of writing, having previously briefly dipped below $2,000.

*Cryptocurrency total market cap 1-hour candle chart. Source: TradingView*

Dogecoin dumps following mention from Elon Musk on Saturday Night Live

May 9, 2021 Coin Telegraph

Coin Telegraph

While the crowd seemed to enjoy his performance, DOGE traders soured on Elon Musk's shout-out.

Meme cryptocurrency Dogecoin finally got its long-awaited shoutout on Saturday Night Live — but despite hodler hopes, the immediate result has been a violent dump.

First teased by entrepreneur and DOGE cheerleader Elon Musk in late April, the Tesla CEO finally mentioned the digital asset on live television tonight in his opening monologue of the sketch comedy show. The reference was a throwaway line from Musk's mother, who joined him onstage and asked if her Mother's Day gift would be Dogecoin; Musk replied that it would be.

In the minutes afterwards, $DOGE dumped upwards of 25%, falling as low as $.50 from $.66 highs at the start of the show. It has since partially recovered, trading at $.52 at the time of publication.

The Dogefather
SNL May 8
— Elon Musk (@elonmusk) April 28, 2021

An hour before the episode began, the price of DOGE sat at $.66, down from an all-time high of $.72. A pair of bearish headwinds may have shared responsibility for the pullback: Musk himself seemed to try and get ahead of the hype, urging followers in a Tweet to “invest with caution,” and a host of new data indicates that many investors may be rolling their DOGE profits into other, largecap digital assets.

Cryptocurrency is promising, but please invest with caution! https://t.co/A4kplcP8Vq
— Elon Musk (@elonmusk) May 7, 2021

Additionally, Barry Silbert — the founder and CEO of Digital Currency Group, the parent company of crypto investment vehicle company Grayscale — announced a public short on DOGE via the FTX exchange. In a series of follow-up Tweets, he revealed that the position was $1 million in size, and that any proceeds or remaining funds after closing the short would be donated to charity.

Okay $DOGE peeps, it's been fun. Welcome to crypto!

But the time has come for you to convert your DOGE to BTC

[disclosure: we've gone short DOGE via https://t.co/s8Qde2Ub4Z]
— Barry Silbert (@BarrySilbert) May 8, 2021

(It’s unclear if Silbert was is using “we” in reference to Digital Currency Group, one of its portfolio companies, or is simply and bizarrely using a plural pronoun in reference to himself).

Many DOGE investors were nonetheless holding out hope for a high-profile shoutout on what looked to be a major pop culture event. NBC, the studio behind SNL, chose for the first time ever to live-stream the episode on Youtube, per the Wall Street Journal.

Even a mention could have significant impact on the price of DOGE as well: the meme currency has proven to be susceptible to price movements based on positive social media volume, and multiple studies have shown that Tweets from Musk often lead to price appreciation. A mention on an even bigger platform was thought to potentially lead to even greater gains.

Leading into the premier of the episode, Alameda Research trader Sam Trabucco (who said in a previous Tweet that he was “studying the typical SNL episode structure to try and understand when a DOGE mention would be the most natural”) speculated that if a joke or mention didn’t come in Musk’s opening monologue, it would be “all over.”

My instinct is if it’s not in his monologue it’s all over.
— Sam Trabucco (@AlamedaTrabucco) May 8, 2021

Despite arriving during the monologue, traders nonetheless responded negatively. It remains to be seen if a DOGE-centric skit later in the show can perhaps turn the speculative asset's fortunes around.

Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales

May 8, 2021 Bitcoin.com