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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.

A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) may be gearing up for an explosive surge. Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE has more upside potential based on the level of public interest relative to its current price level.

Analyst Says Dogecoin Has Way More Room To Grow, Sees Potential Rally to New All-Time High for DOGE

Traders betting on the future price of Dogecoin have faced liquidations Tuesday, with one Binance user losing $1 million.

Dogecoin Shorts Rekt as Meme Coin Price Pumps Again

Bitcoin

Ethereum

Cryptocurrency markets are trading higher, with Bitcoin recording a new all-time high at $94,040, according to Coingecko data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $93,312.89 +2.9% Ethereum (CRYPTO: ETH) $3,122.39 -0.3% Solana (CRYPTO: SOL) $243.76 +2.9% Dogecoin (CRYPTO: DOGE) $0.4053 +10% Shiba Inu (CRYPTO: SHIB) $0.00002537 +4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 102.3% and daily active addresses up by 13%.

Bitcoin Crosses $94,000 For New All-Time High, Dogecoin Back At $0.40, Ethereum Flat: 'Short-Term Price Action Unpredictable,' Say Analysts

Cat-themed Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT) is bound for a significant upwards repricing, according to bullish traders on social media. What Happened: The meme coin currently ranks seventh among meme coins by valuation but leads the pack in the cat coin category.

This Cat Coin Is 'Only 3% Of Dogecoin' But Has A 54% Chance Of Being Listed On Binance Or Coinbase, Polymarket Traders Speculate

With Bitcoin coming close to its record mark again, Dogecoin has jumped 11% on the day to reclaim $0.40 after a few middling days.

Dogecoin Price Leaps Again as Bitcoin Nears All-Time High

DogeCoin is at $55B market cap. It's used for paying bills, investing, and even Elon Musk has a new government department named after Doge.

Who Let The DOGE Out? Why Is A Dogecoin At A $55 Billion Market Cap?

Dogecoin (CRYPTO: DOGE) appears poised for a parabolic run based on technical chart patterns, with analysts predicting a significant rally ahead. What Happened: Elon Musk on Tuesday teased Dogecoin with a post calling himself “The Dogefather.

Dogecoin Up 6% After Elon Musk's 'Dogefather' Tweet: Is This The Start Of A 'Parabolic Run'?

A trader who continues to grow his following with timely crypto calls is outlining a potential price path for Dogecoin's (DOGE) rally to fresh all-time highs.

Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King

Pepe

Crypto influencers Jordi Alexander, Justin Bram, Taiki Maeda and Miles Deutscher recently explored the surge in meme coins and their evolving investment strategies. What Happened: In the latest update of the ‘Steady Lads' podcast, Justin Bram, previously focused on Ethereum (CRYPTO: ETH), revealed a major shift in his strategy, stating, "I can confirm that I've sold some ETH," to invest in meme coins like Pepe (CRYPTO: PEPE).

Pepe, Dogecoin At The Center Of Crypto Influencer Discussion: 'If People Want To Make Money, They're Going To Go To Meme Coins'

Cryptocurrency markets are trading relatively flat, with Dogecoin seeing rising momentum. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $90,765.13 +0.7% Ethereum (CRYPTO: ETH) $3,133.91 +0.9% Solana (CRYPTO: SOL) $236.42 -0.2% Dogecoin (CRYPTO: DOGE) $0.3681 +1.9% Shiba Inu (CRYPTO: SHIB) $0.00002437 -2.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 16.2% and daily active addresses falling by 12.4%.

Bitcoin, Ethereum Open The Week Relatively Flat, Dogecoin Moves Higher, Trader Marks $91,000 As Key BTC Level To Prevent 'Cool Off'

Dogecoin grabbed headlines with its massive surge, but as it cools off, other meme coins have chalked up bigger gains in the last week.

These Meme Coins Have Pumped More Than Dogecoin This Week

Solana

Raoul Pal, CEO of Real Vision, expressed an optimistic outlook for the crypto market, predicting a “banana zone” liquidity surge that will drive prices higher. What Happened: In an appearance on the ‘When Shift Happens' podcast, Pal, who will be a headline speaker at Benzinga's upcoming Future of Digital Assets event on Nov. 19, outlined his strategy, focusing on leading cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), while also highlighting his bullish stance on Sui (CRYPTO: SUI).

Raoul Pal Bullish On Solana And Memes: 'Dogecoin Does Nothing, Does Nothing And Then Explodes'

Dogecoin (CRYPTO: DOGE) is predicted to rebound from its correction after a strong pump to $0.40. What Happened: Investors have decided to withdraw the $258 billion class-action lawsuit filed against Elon Musk in 2022, which alleged market manipulation through social media posts.

'DOGE Week' Coming, Says Veteran Trader: Correction Is Part Of A 'Monster Impulse'

Coinbase CEO Brian Armstrong has proposed eliminating individual income taxes in the U.S., suggesting a radical shift in the tax burden to businesses and alternative revenue sources like sales taxes. What Happened: Armstrong's call, shared in a series of tweets on Sunday, aligns with his broader vision for reducing government size and enhancing economic freedom.

Coinbase CEO Brian Armstrong Says DOGE Department Is A 'Once-In-A-Lifetime-Opprtunity,' Advocates Abolishing Individual Income Tax

Bonk

Several meme coins, including Bonk (BONK), Mog Coin (MOG) and Brett (BRETT), reached all-time highs over the weekend, driven by a broader surge in the crypto market.

Meme Coins Surge to New Heights as Bonk, Mog, and Brett Set Record Prices Amid Dogecoin Resurgence

Cathie Wood, CEO of ARK Invest, endorsed the newly created Department of Government Efficiency (DOGE) under Elon Musk‘s leadership while advocating for stricter government spending controls in a series of posts on X on Sunday. What Happened: “Government spending is taxation,” Wood said, citing her early economics education with Arthur Laffer.

Cathie Wood Draws Reagan-Era Parallels As Elon Musk Takes DOGE Helm: 'This Bull Market Has Just Begun To Broaden Out'

An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes top memecoin Dogecoin (DOGE) is primed for more rallies. Pseudonymous analyst Bluntz tells his 291,000 followers on the social media platform X that Dogecoin appears to have completed an ABC corrective wave against Bitcoin (DOGE/BTC).

‘Time Has Come' – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

Co-led by Elon Musk, the Department of Government Efficiency (DOGE) aims to massively cut U.S. spending under President-elect Donald Trump.

Elon Musk and DOGE: What You Need to Know About the Department of Government Efficiency

Analyst John-Burr sees Dogecoin (DOGE/USD) price hitting the $3 mark by Jan. 20 and even touching $20 in the future, as per his analysis. What Happened: “It's eerie how DOGE is repeating its historical pattern,” Burr wrote on TradingView.

Dogecoin 'Repeating Its Historical Pattern,' Says Analyst: Meme Coin Set To Touch $3 By Trump's Inauguration Day 2025

After Dogecoin hit a three-year high, many other major meme coins are breaking records amid surging demand.

Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump

Dogecoin co-creator Billy Markus floated the idea of a U.S. DOGE strategic reserve amid its latest boom. Could it follow Bitcoin's lead?

Bitcoin Strategic Reserve Could Happen. Why Not Dogecoin, Says Co-Founder

A pseudonymous analyst and trader is leaning bullish on a major memecoin while updating his outlook on two top-10 altcoins by market cap. The analyst pseudonymously known as DonAlt tells 62,700 subscribers of the TechnicalRoundup YouTube channel that Dogecoin (DOGE) could skyrocket by approximately 165% from the current level.

Analyst Says Large-Cap Memecoin Primed To Explode by Over 100%, Updates Outlook on XRP and Solana

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Cryptocurrency markets are closing the week strong, with Bitcoin pushing above $90,000 at the end of the U.S. trading session. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $90,792 +1.5% Ethereum (CRYPTO: ETH) $3,061 -2.3% Solana (CRYPTO: SOL) $213.8 -0.5% Dogecoin (CRYPTO: DOGE) $0.3719 -5.1% Shiba Inu (CRYPTO: SHIB) $0.00002439 -2.7% Notable Statistics: IntoTheBlock data shows large transaction volume falling by 14% and daily active addresses dropping by 3%.

Bitcoin Pushes Back Above $90,000, Ethereum, Dogecoin Lag To End A Record Week

A pack of Dogecoin investors who claimed Elon Musk rigged DOGE are dropping their appeal following a judge's ruling against their case in August. Disgruntled DOGE investors first sued Musk in 2022, accusing the Tesla CEO of orchestrating a pump-and-dump scheme with his public praise of Dogecoin on Twitter (now X) and Saturday Night Live.

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