1. Home
  2. DOGE

DOGE

Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist

Bloomberg senior commodity strategist Mike McGlone says that crypto assets will likely see a correction along with an imminent pullback in the stock market. In a new interview with The Wolf of all streets host Scott Melker, McGlone says that cryptocurrencies are risky assets, but he expects Bitcoin (BTC) and Ethereum (ETH) to come out […]

The post Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist appeared first on The Daily Hodl.

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

Dogecoin (DOGE) and Shiba Inu (SHIB) Among the Most Popular Cryptocurrencies in the US: New Huobi Global Survey

A new survey by Hong Kong-based cryptocurrency exchange Huobi Global reveals that two dog-themed memecoins are among the most popular crypto assets in the US. The study, which polled 3,144 US adults, shows that Bitcoin (BTC) is the most popular cryptocurrency in the country with over 83% of the sample size responding that they’ve heard […]

The post Dogecoin (DOGE) and Shiba Inu (SHIB) Among the Most Popular Cryptocurrencies in the US: New Huobi Global Survey appeared first on The Daily Hodl.

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

These Upcoming Crypto Milestones Could Trigger a Massive Rally for Solana, Dogecoin and Three Altcoins: Coin Bureau

Coin Bureau crypto channel host Guy is revealing why he remains bullish on five major crypto assets despite recent sell-offs. Guy tells his 1.87 million YouTube subscribers that he is unconvinced that the bull market is over and thinks there are “upcoming crypto milestones that could be a catalyst for a massive reversal.” Starting with Solana […]

The post These Upcoming Crypto Milestones Could Trigger a Massive Rally for Solana, Dogecoin and Three Altcoins: Coin Bureau appeared first on The Daily Hodl.

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

Meme Coin Markets Gain Close to 5% in 24 Hours, Dogecoin’s Value Jumps, 3 Meme Tokens See Triple Digit Gains

Meme Coin Markets Gain Close to 5% in 24 Hours, Dogecoin’s Value Jumps, 3 Meme Tokens See Triple Digit GainsThe top meme tokens by market capitalization have increased in value by 4.4% in the last 24 hours according to statistics. Dogecoin had a good week jumping more than 20% during the last seven days. However, 14 meme tokens surpassed dogecoin’s weekly jump as a few tokens have seen triple-digit spikes over the last week. […]

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

Dogecoin leaps 25% after Musk announces DOGE payments for Tesla merch

The bullish news comes months after the billionaire entrepreneur said DOGE was a better token to transact with than Bitcoin.

Dogecoin (DOGE) prices rose substantially on Jan. 14 as Elon Musk announced that Tesla would start accepting it as payment for merchandise. 

After the announcement, DOGE price jumped nearly 13%, hitting a 30-day high of $0.2150. Its upside move came as a part of a larger intraday rally that already was taking place before Musk's Dogecoin tweet went viral.

The DOGE price went up by over 25% on Jan. 14 before correcting lower to $0.1986 on profit-taking.

DOGE/USD hourly price chart. Source: TradingView

Better than Bitcoin

Tesla's integration of a DOGE payment option on its online shopping portal came almost a month after Musk shared his willingness to accept the cryptocurrency as payment on a test basis.

At the center stage of Musk's love for DOGE was its "better-than-Bitcoin" features, primarily as a payment option due to its lower electricity consumption. In excerpts from Musk's statements to Time Magazine, he explained that:

"Fundamentally, Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions.”

The billionaire entrepreneur further stressed that Bitcoin's cost per transaction is high while its transactional volume is low compared to DOGE. As a result, Bitcoin could be well off being a store-of-value asset. On the other hand, DOGE could keep on encouraging people to spend.

What's next for DOGE?

The latest round of buying in the Dogecoin market somewhat subsided as DOGE tested a multi-month resistance trendline for a topside breakout.

In detail, DOGE price rally was rammed into a descending trendline resistance that had been capping its upside attempts since May 2021. On Jan. 14, the trendline again became instrumental in sending DOGE from its intraday top of $0.2150 to $0.1958, as shown in the chart below.

DOGE/USD daily price chart. Source: TradingView

Meanwhile, the Dogecoin's 200-day exponential moving average (200-day EMA; the orange wave) also played a key role in limiting its gains on Jan. 14. Together, the resistance confluence hinted that DOGE price may pull back from its ongoing uptrend in the coming sessions. 

Related: Dogecoin creator slams Mozilla for pausing crypto donations

Should this happen, the token will look poised to test its 50-day EMA (the velvet wave) as support, with the possibility to extend its correction towards $0.1367 due to its recent history as support.

DOGE/USD daily price chart. Source: TradingView

Conversely, a decisive breakout above the descending trendline resistance and the 200-day EMA could have traders eye $0.30 as their next upside target in the Dogecoin market. The area surrounding the $0.30-level had earlier served as resistance.

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.

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

Elon Musk Announces Dogecoin (DOGE) Adoption at Tesla, Ignites Memecoin Explosion

Tech billionaire Elon Musk is at it again, sending Dogecoin (DOGE) prices soaring with a simple, five-word tweet. On Thursday night, the Tesla CEO tweeted confirmation of much-anticipated news: Tesla customers can now purchase merchandise with the original memecoin. Tesla merch buyable with Dogecoin — Elon Musk (@elonmusk) January 14, 2022 The announcement was no surprise as […]

The post Elon Musk Announces Dogecoin (DOGE) Adoption at Tesla, Ignites Memecoin Explosion appeared first on The Daily Hodl.

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

Tesla launches Dogecoin payments for merch, but there’s a catch

Tesla has started accepting Dogecoin payments for company merchandise. However, the firm states that it will not issue refunds for purchases made in DOGE.

Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. 

Although it now accepts DOGE, the firm also clarified that it is not taking any other crypto. The company stated that it cannot receive other assets but DOGE on its website. The business told customers that “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.”

Additionally, items purchased with DOGE “cannot be returned, exchanged or canceled.” Tesla considers all sales made through DOGE as final and cannot be exchanged for cash. 

Dogecoin creator Billy Markus instantly replied to the announcement, rallying the Dogecoin community. “Alright Dogecoin community, you know what to do,” Markus tweeted.

The community was quick to respond. Some tweeted that they already purchased items using DOGE. Only minutes after the announcement, Twitter user Komaandy Dogecoin already posted a screenshot of their order online, saying, “Tesla Tequila on the way to Germany!”

Related: Dogecoin creator slams Mozilla for pausing crypto donations

A month ago, Tesla confirmed that it was going to start accepting DOGE for merch purchases. The announcement resulted in a 25% price increase for the memecoin at the time. On Friday, just a few hours after implementing DOGE payments, the asset’s price saw an 18.63% gain. 

Back in December, Musk expressed his thoughts about DOGE, comparing it to Bitcoin (BTC). According to him, “even though it was created as a silly joke, Dogecoin is better suited for transactions.” He stated that DOGE is slightly inflationary, and this encourages people to spend it rather than using it as a store of value. 

Meanwhile, Tesla may not be the only company to start implementing crypto payments this year. A survey conducted by Visa shows that small and mid-sized businesses are also set to adopt crypto payments in 2022. 

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

Shiba Inu and Dogecoin Competitor Surges 122% in Just One Week, Shatters $650,000,000 Market Cap Amid Bitcoin and Crypto Pullback

A new dog-themed crypto asset with a staggering total supply is surging despite a widespread crypto market pullback. Baby Doge Coin (BABYDOGE), jokingly referred to as the “son” of Dogecoin (DOGE), saw its price jump 122% to $0.000000004038 in just one week, vastly outpacing its rival memecoins DOGE and Shiba Inu (SHIB). The rally pushed […]

The post Shiba Inu and Dogecoin Competitor Surges 122% in Just One Week, Shatters $650,000,000 Market Cap Amid Bitcoin and Crypto Pullback appeared first on The Daily Hodl.

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection