Dogecoin Community Exploration

Discover the deeper value of dogecoin and the latest developments of dogecoin whales.

SHIB and DOGE Fall Behind in Market Slump ShiBa Inu’s Burn Rate and Market Value Surge Dogecoin (DOGE) Open Interest Drops, Price StaBle ABove $0.10 PEPE Price Drops as Bears Take Control Amid Market Crash Why Dogecoin Price Dip is a Great Buy Now Santiment Signals Short-Term Bullishness for Ethereum and Dogecoin Amid Market Correction

Jul / 08
- SHIB and DOGE Fall Behind in Market Slump
  
  Jul 08, 2024 at 07:12 pm CryptosHeadlines.com
  
  Amidst a cryptocurrency market downturn, Shiba Inu (SHIB) and Dogecoin (DOGE) have plummeted alongside Bitcoin Cash (BCH) as all major altcoins succumb to losses. External factors, including Mt. Gox creditor repayments and German Bitcoin sales, have driven selling pressure. However, cautious optimism lingers as Deribit predicts the price correction to be temporary, and analysts remain bullish on Bitcoin's long-term prospects.
- ShiBa Inu’s Burn Rate and Market Value Surge
  
  Jul 08, 2024 at 07:29 pm CryptosHeadlines.com
  
  Shiba Inu (SHIB) has experienced a notable surge in both its burn rate (781% increase) and market value (16% increase) over the past 24 hours. This surge, fueled by heightened investor interest and the overall positive market sentiment, has instilled optimism within the SHIB community. The price increase, accompanied by the increased burn rate, has attracted attention from large investors (whales), emphasizing SHIB's volatile yet promising nature. Despite the recovery, caution is advised as SHIB's price is still significantly below its historical peak.
- Dogecoin (DOGE) Open Interest Drops, Price StaBle ABove $0.10
  
  Jul 08, 2024 at 07:29 pm BeInCrypto
  
  Amid Dogecoin's (DOGE) price decline, its derivatives market has been negatively affected. As of now, DOGE's total open interest has dropped to its lowest since January, at $2.51 billion. Open interest indicates outstanding futures/options contracts that haven't been settled, and its decline signals a decrease in market activity.
- PEPE Price Drops as Bears Take Control Amid Market Crash
  
  Jul 08, 2024 at 06:04 pm TheNewsCrypto
  
  PEPE, a prominent frog-themed memecoin, has suffered a significant price decline of 10.20% within the past 24 hours. This drop coincides with the ongoing market downturn, which has also impacted other memecoins. Despite the short-term price decline, PEPE's year-to-date (YTD) value has witnessed a substantial 546.15% increase, and analysts remain optimistic about its long-term prospects.
- Why Dogecoin Price Dip is a Great Buy Now
  
  Jul 08, 2024 at 06:33 pm CoinGape
  
  Based on Santiment's analysis, Dogecoin (DOGE) presents a favorable buying opportunity as its Market Value to Realized Value (MVRV) ratio has dipped to -19.7% over the past month. This low MVRV indicates undervaluation and reduced risk for investors attempting to purchase DOGE during this dip. Dogecoin's inherent strengths, such as a dedicated community and widespread adoption, position it as a viable investment option.
- Santiment Signals Short-Term Bullishness for Ethereum and Dogecoin Amid Market Correction
  
  Jul 08, 2024 at 06:19 pm Crypto News Flash
  
  On-chain metrics indicate an oversold condition for seven altcoins, including DOGE, UNI, and LTC, as their MVRV metric falls into negative territory. Despite the market downturn, these altcoins present a potential buy signal. Dogecoin (DOGE) has the most favorable risk-reward scenario with an MVRV of -19.7%, suggesting an undervalued asset. Other altcoins showing undervaluation include UNI (-16.3%), LTC (-15%), and ETH (-13.2%). Bitcoin's MVRV has also entered negative territory, currently at -9.65%, attracting cautious optimism for an uptrend. Overall, the market is experiencing weakness, presenting both buying opportunities and concerns over further price declines.
- ShiBa Inu, PEPE Face The Heat Amidst $130 Million Crypto BloodBath
  
  Jul 08, 2024 at 05:24 pm The Crypto Times
  
  Major crypto whales have withdrawn significant amounts of Shiba Inu (SHIB) and Pepe (PEPE) from Binance, coinciding with a decline in meme coins and a recent crypto market downturn. The withdrawals include over $9.68 million worth of SHIB and $9.84 million worth of PEPE, potentially exacerbating the bearish pressure on these assets.
- The Pepe Price Plunges 13%, But Experts Say Consider This Layer-2 Alternative For ParaBolic Gains
  
  Jul 08, 2024 at 04:20 pm InsideBitcoin News
  
  Pepe's price has fallen 13% in the past 24 hours, amidst a broader market dip. The token's decline coincides with an overall bearish trend in the crypto market, which has witnessed a 3% drop in the last 24 hours. Pepe's price has been on a downtrend since reaching an all-time high of $0.00001717, with a corresponding market capitalization of $6.8 billion, according to data from GeckoTerminal.
- Daily Market Review: BTC, ETH, PEPE, WIF, ENA
  
  Jul 08, 2024 at 04:15 pm blockchainreporter
  
  Today's market was buoyant, with the global market cap increasing by 1.29% to $2.11 trillion. Bitcoin traded near the lower Bollinger Band, indicating oversold conditions, while Ethereum's Alligator lines suggested consolidation. Pepe formed a double bottom pattern, hinting at a potential reversal, while Dogwifhat's Ichimoku Cloud confirmed a bearish trend. Ethena's Supertrend indicator acted as resistance, with the Money Flow Index (MFI) approaching the oversold region.
- Dogecoin Founder Issues Crucial Statement on Bleeding Cryptocurrency Market
  
  Jul 08, 2024 at 04:09 pm U.Today
  
  Amidst the recent cryptocurrency market decline, Dogecoin co-creator Billy Markus shared a humorous meme depicting a sinking yacht with the caption "How's your crypto going?" Bitcoin, the market leader, has plummeted over 5% in the past 24 hours, mirrored by Dogecoin's 28% drop from July 1 to 5. Markus's meme and past criticisms of crypto trading highlight the volatility and unpredictable nature of the market, which he compares to gambling and mental illness.

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