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Dogecoin (DOGE)

Dogecoin: Unstoppable Domains Now Make Payments Simpler Through Partnership

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The leading distributor of Web3 domains, Unstoppable Domains, has announced its most recent decision to accept Dogecoin (DOGE) as payment for domain purchases.

The blockchain firm provides a decentralized name service platform that enables short, crypto-centric domain extensions to replace long wallet addresses with self-owned, unique public addresses. Users are able to register domains with this cutting-edge method that cannot be taken away or censored by any governmental body.

Unstoppable Domains is enhancing its cryptocurrency payment services by accepting DOGE in addition to the likes of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

Curiosity Increases In Dogecoin Community

The growing interest in DOGE, which had a sharp price increase in 2021, is the cause of this news. The rally, which was propelled by social media buzz and endorsements from celebrities, fizzled, but the meme coin is still quite popular. The Dogecoin community has reacted with joy and passion to the inclusion of DOGE in Unstoppable Domain’s payment systems, with Unstoppable Domains shouting, “Who left the $DOGE out? We did!”

The business encourages its customers to add their preferred.nft to their cart and try out the cutting-edge Dogecoin payment method. With the exception of using blockchain technology, the Web3 domain provider’s domain registration procedure resembles a traditional domain system.

Unstoppable Domains connects domains directly to bitcoin wallets and decentralized programs like MakerDAO by applying this cutting-edge approach, speeding up cryptocurrency transaction processes and getting rid of the inconvenience of having to remember complicated wallet addresses.

The goal of Unstoppable Domains is to decentralize the Domain Name System (DNS), ensuring that no one organization has complete control over the system and making it resistant to manipulation and censorship by authorities. Unstoppable Domains has advanced the acceptance of the meme coin by accepting DOGE as a form of payment.

At the time of writing, Dogecoin (DOGE) was priced at $0.08081 with a plunge of 1.83% over the last 24 hours.

Dogecoin Helps Litecoin’s Mining Hashrate To All-Time High Over 850 TH/s

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Litecoin, the popular cryptocurrency that has been making waves in the crypto world, has just announced a new milestone on its official Twitter account. 

According to the post, Litecoin’s mining hashrate has reached an all-time high of over 850 TH/s, marking a significant accomplishment for the network. This achievement was made possible, in part, thanks to the contribution of Dogecoin, which has been partnering with Litecoin in mining operations.

The new hashrate is a proof of work of 850,000,000,000,000 hashes every second performed by the $Litecoin network, showing the increasing efficiency and stability of the network. 

Dogecoin and Litecoin have been working as a “power couple,” utilizing Scrypt, a less complicated hashing algorithm than Bitcoin, which makes mining faster and more efficient.

Dogecoin’s partnership with Litecoin has brought multiple benefits to both networks, including the possibility of “merged mining.” 

It means both can be produced simultaneously, without affecting the mining efficiency, due to the usage of a single algorithm that both coins share.

The success of the collaboration between Dogecoin and Litecoin is largely due to their shared algorithm. Dogecoin was modeled after Luckycoin, which, in turn, was based on Litecoin. 

Utilizing the same algorithm, the two networks can work together to achieve impressive hashrate milestones, as is the case with this latest achievement from Litecoin.

Dogecoin & Litecoin’s Promising Future

With Dogecoin’s help, Litecoin’s rising hashrate is good news for the network, as it helps to increase its security and stability. The two cryptocurrencies continue to work together to achieve even greater heights in the future.

Regarding price analysis, Dogecoin is currently trading at $0.08672, with a 6% rise in the past seven days. While, Litecoin is trading at $100.36, with an 8% rise in the last seven days, according to CoinMarketcap.

LTC 1D graph coinmarketcap 1
Source: CoinMarketcap

Both cryptocurrencies may be poised for further gains in the coming days. The recent announcement from the Litecoin Foundation that its Mastercard-powered Card will be launching in Europe has also contributed to the recent price surge for Litecoin; in the last 30 days, it gained about 14.0%.

The partnership with Unbanked and Mastercard will expand Litecoin’s presence in Europe, building on the success the Litecoin Card has enjoyed since launching in the United States two years ago.

Related Reading | Read About The Ethereum Code: How Does The Inclusion Of Bots Enhance Trading? 

Dogecoin Wallet Transfers $28M After 2 Years of Dormancy, Musk’s Tweet Sparks Frenzy

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On Thursday, blockchain analysis platform Lookonchain reported a massive Dogecoin (DOGE) transfer worth $28 million from a dormant wallet that had been inactive for almost two years. The transfer involved 326.4 million DOGE that had been sitting idle since 2021, raising speculations in the crypto community about its purpose.

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Some analysts believe that institutional investors may be entering the DOGE market, while others speculate that it could be a large-scale trade or significant movement by a big player.

The news of the transaction resulted in a surge in DOGE’s price in the hours following the transfer; currently, it is trading at $0.08633, with a 5% rise in the weekly chart, as per CoinMarketcap’s data.

A day before the massive transfer, Elon Musk tweeted a photo of his dog, which many believe had a positive impact on the prices of both DOGE and Floki Inu (FLOKI). On Wednesday, DOGE rose by over 15%, while FLOKI surged by almost 66%, which many attributed to Musk’s tweet, as reported by TronWeekly.

DOGE 7D graph coinmarketcap
Source: CoinMarketcap

Musk’s tweet featuring his Shiba Inu dog – the mascot of the meme-based cryptocurrency DOGE – set the crypto world abuzz. While DOGE has risen less than other major tokens in the past 24 hours, Musk’s history of tweeting and meme-ing about DOGE has sparked a flurry of online discussion among crypto enthusiasts.

Although some believe that Musk’s tweets are a way to troll the crypto community, others speculate that they could be a calculated move to increase the adoption and popularity of DOGE. 

Despite its fair share of ups and downs, Dogecoin has managed to hold steady in recent months and remains a popular choice among investors and traders.

Musk’s Love Affair with Dogecoin Continues

Musk’s recent antics have kept the crypto world on its toes. A few days ago, he donned a DOGE t-shirt at the Super Bowl LVII, causing a brief mini-rally for DOGE’s price. His tweets and memes have become an integral part of DOGE’s journey and have played a crucial role in making it a popular cryptocurrency.

Musk’s latest tweet featuring his Shiba Inu dog has further fueled discussions about the future of DOGE. It remains to be seen what impact it will have on DOGE’s price and the wider crypto market. However, Musk’s history suggests that his love affair with DOGE is far from over, and the crypto community can expect more surprises in the future.

Dogecoin And Other Canine Cryptos Soar High After This Tweet

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This isn’t the first time Dogecoin (DOGE) has risen in response to a tweet about Elon Musk. Following Twitter CEO Elon Musk’s post of a meme featuring his dog Floki acting as the new Twitter CEO, traders are pushing all things Shiba Inu.

According to statistics, the price of DOGE has increased 5.4% over the last day.

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When Musk’s takeover of Twitter came to an end on October 27, Agrawal was replaced as the company’s CEO. Although the two were friendly when they initially met, as 2022 drew on, their relationship reportedly deteriorated as Musk became Twitter’s largest shareholder. Agrawal no longer follows Musk on Twitter, but the former CEO does.

After losing an online poll on the subject, Musk was said to have started seeking for a new CEO of Twitter in December.

He said,

“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.”

CoinGecko data shows that Floki, which gets its name from Musk’s dog, has increased 41% during the past day.

After the Floki Inu DAO, the organization that created the coin, passed a governance resolution to carry out a $100 million token burn, the price of Floki increased by approximately 100% in January.

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Burning tokens makes sense since it reduces supply, which, assuming demand stays the same, increases the value of each token. This resembles a stock buy-back in the cryptocurrency space.

Dogecoin To Show World Canine Power?

This isn’t the first time Dogecoin has risen in response to a tweet about Elon Musk. Dogecoin skyrocketed in late January following a Financial Times report claiming that Twitter is developing a method to allow cryptocurrency payments.

Shiba Inu (SHIB), another meme coin, and other disproportionate increases have traditionally been the first indication of a market selloff, according to a report published in December 2022 by blockchain analytics company Santiment.

Markets have started to emerge from the depths of the FTX-caused crypto winter during the past three months. By the middle of January, according to reports, Bitcoin has completely reversed the loss caused by the FTX. With several of these coins showing double- or triple-digit gains, the market rebound has also signaled the start of an altcoin season.

In the past three months, Bitcoin has increased by 34%, while SHIB is up 40%, BONK is up astoundingly, 533%, and Floki is up 242%.

The fact that Dogecoin is down 2% during this time, despite the other canine coins screaming at the moon (including today’s rise), suggests that assuming Santiment’s theory is correct, we have not yet reached the stage of a market-wide sell-off.

Dogecoin Whale: $100M Transferred In Three Swoops, Fees Only $0.16

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Whale Alert, the leading tracker of large cryptocurrency transactions, has detected three massive transfers of Dogecoin worth a total of 1,200,000,000 coins. These transfers, each worth 400 million Dogecoin, have set the crypto world abuzz as they equal approximately $100 million.

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The source and destination of these transfers are unknown, as they were marked as such by Whale Alert. However, what has really stunned the crypto community is the fee for these transactions. The transfers were made for a mere $0.16 in DOGE – a fee that no traditional bank could ever beat.

This news is a testament to the growing popularity and usefulness of cryptocurrencies, particularly Dogecoin. It also showcases the efficiency and speed of crypto transactions, as these transfers were completed in a matter of minutes.

The crypto market has seen an increase in the adoption of Dogecoin in recent times, with its value surging to new heights. These latest transfers, which were completed without any hiccups, further strengthen the belief that cryptocurrencies are the future of money and finance.

Nevertheless, it is exciting to see where these transfers will lead and what the future holds for Dogecoin and the crypto market as a whole. Whether individuals, exchanges, or institutions made these transfers, the sheer size and speed of these transactions will leave a lasting impression on the crypto community.

Dogecoin’s Uptrend Reverses: 12% Drop in Weekly Chart

The start of 2023 was a promising one for Dogecoin and the wider cryptocurrency market, with the meme coin’s price experiencing an upward trend. However, in the past week, Dogecoin has seen a hard downward trajectory, reversing its earlier gains.

At present, according to CoinMarketcap, the coin is trading at $0.08175, with a slight increase of 0.10% in the last 24 hours. Despite this, the asset has been observing a gradual decline for most of the past week, with an even steeper drop on the last day.

DOGEUSDT 2023 02 11 05 09 46
Source: CoinMarketcap

The result of this sudden plunge is a 12% drop in value for Dogecoin in the past seven days. This decrease has erased a significant portion of the cryptocurrency’s monthly gains, which now stand at just 4.7%.

Related Reading | Lubin Assures Ethereum’s Non-Security Status Despite Regulatory Scrutiny: Report

Suspension of Dogecoin Tipping Bot by Twitter Instills Fear

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 Numerous factors contributed to the success of Dogecoin (DOGE). Elon Musk, the CEO of Tesla, has been a leading supporter, despite the fact that it first began as a joke. The community hoped for an improvement in Dogecoin’s visibility on Twitter once Musk took over the social media platform. On the other hand, a well-known DOGE tipping bot on the social media site has been suspended.

Earlier today, a number of Dogecoin users reported that the Twitter account “MyDogeTip” had been suspended. Users contacted Twitter to try and fix the problem, but as of press time, no response has been received.

According to reports, this tip bot has been around for a while. Members of the community even remarked that no other cryptocurrency on Twitter is utilised for tipping as frequently as DOGE.

Twitter launched a feature that would let users use Ethereum [ETH] and Bitcoin [BTC] for tipping before Musk took over the company. In the middle of this, Reddit saw a boom for Dogecoin. In comparison to Bitcoin, there were 262,138 recommendations for DOGE a year ago. As a result, the community pushed for Dogecoin to be included in Twitter’s tipping system. Billy Markus, one of the DOGE network’s co-founders, even created a petition to get the item listed on the social media site.

However, as soon as Musk announced interest in acquiring the business, Twitter’s dynamics shifted. While many expected Dogecoin to take center stage on Musk’s Twitter, the business magnate has been busy rebuilding the company.

Move Instills Fear In Dogecoin Community

Without a reaction from Twitter, numerous rumours started to circulate. The vast majority of the community thought it was primarily an error.

Others hoped Twitter Coin wouldn’t take the place of Dogecoin. Mishaboar, a member of the DOGE community said,

“Either a mistake or something to do with Twitter’s new suspension policies. I really really hope it has nothing to do with the other incentives Twitter is planning to add (like Twitter Coin), as that would not replace Dogecoin for me and a lot of other people.”

According to a story from earlier this week, Twitter has been requesting licenses from the appropriate authorities to enter the U.S. payments market. While its competitors were going through a period of correction, this news helped DOGE’s price rise. However, the most recent information might hurt the asset.

Dogecoin Surge Looms: Expert Predicts 100% Price Boost

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Cryptocurrency trader Bluntz has made a bold prediction for the meme coin Dogecoin (DOGE), projecting a massive price surge against Bitcoin (BTC). 

In a recent Tweet, Bluntz noted that the DOGE/BTC pair is at a “pretty interesting weekly level” and that betting on the bottom of Dogecoin is “never a bad bet.”

Despite acknowledging that the DOGE/USD pair looks like a “hot fucking mess,” Bluntz believes the DOGE/BTC pair is “gearing up for a revenge pump of probably 100% or more.” 

He added that not having a bag of Dogecoin would be “negligence” on his part, especially after the USD pair broke out after four attempts.

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Source: Bluntz tweet

Dogecoin, which started as a joke, has become a significant player in the cryptocurrency world. With a market capitalization of over $12 billion, it is one of the largest cryptocurrencies in the market. 

This sudden surge in interest can be attributed to the coin’s growing community and support from famous personalities like Elon Musk and Mark Cuban.

Dogecoin’s success showcases the growing influence of meme coins in the world of cryptocurrency. With its massive potential for growth and a strong following, it’s no wonder Dogecoin will be touted as a top investment opportunity soon.

Twitter’s Payment Plans Boost Dogecoin Price

Twitter’s recent plans to launch a payments platform and gain regulatory licenses have given a boost to the price of the popular meme coin Dogecoin (DOGE). 

The move made by CEO Elon Musk to diversify revenue streams and launch an “everything app” has caused an 8% surge in the price of Dogecoin. As per CoinMarketcap, it is currently trading at $0.09219 with a massive growth in the trading volume, which is about 146.62% in the past 24 hours.

DOGEUSDT 2023 01 31 04 59 49
Source: Tradingview

Twitter’s director of product management, Esther Crawford, is leading a small team to map out the architecture for payments on the platform and create a secure vault for storing user data.

The company has registered as a payments processor with the US Treasury and is in the process of obtaining the necessary state licenses to launch the service.

Twitter aims to complete the regulatory checks within a year and then expand internationally, but the move into payments faces competition from established players like Venmo, Cash App, and Zelle, as well as high levels of regulatory scrutiny. 

There are also concerns about the challenges and costs of adopting new technology, complying with regulations, and gaining consumer trust.

Related Reading | Bitcoin Boom: $117M Influx Brings Investors Back To Digital Asset Market

Dogecoin Co-founder And Elon Musk Take A Dig At SBF’s $700M Confiscation

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The friendship between the Dogecoin co-founder, Billy Markus, and the Tesla CEO, Elon Musk dates Back to a time that one can’t remember. Time and again they have showcased their bond on social media. However, this time it was no different.

Sam Bankman-Fried (widely known in the crypto space as SBF), the founder of the troubled FTX exchange, was reportedly the target of prosecutors from the DOJ, according to a recent TWJ report. The article cites a court filing from last Friday.

The Dogecoin co-founder tweeted the report along with a humorous comment in which he referenced SBF when the FTX founder claimed in court that he had just $100,000 left over from his billions. The money taken from SBF that was previously disclosed was primarily in the form of Robinhood shares.

Elon Musk, the CEO of Tesla and Twitter, responded to that with two ROFL emojis. When FTX and its founder SBF were accused of scamming investors and the exchange went bankrupt, both Musk and Markus were harshly critical of both parties.

SBF was accused of using substantial amounts of USD from FTX members to save his crypto trading company Alameda Research, however, he pleaded innocent to the accusations. In the fall of this year, he will stand trial for this.

The US Department of Justice (DOJ) announced the confiscation of Bankman-Fried’s assets earlier this year. The majority of them were held in the form of Robinhood shares (HOOD), but there were also monies in several banks and crypto deposits on the Binance cryptocurrency exchange.

Federal prosecutors from the DOJ, in particular, last week seized around $100 million from SBF’s accounts, which he kept in Silvergate Bank connected to FTX Digital Markets, an FTX company with headquarters in the Bahamas.

Dogecoin Fan, Musk Refused SBF’s $5B Offer

Sam Bankman-Fried contacted Elon Musk earlier last year to offer him a $5 billion investment to help him acquire the social media company, long before FTX’s problems became apparent to everyone in the market. He also assisted with the transition of Twitter to blockchain rails.

The Dogecoin (DOGE) supporter, Musk, rejected his offer with the money, explaining to him that putting Twitter on a blockchain was not possible. Musk purchased Twitter outright for a total of $44 billion; the agreement was signed in late October of last year.

At the time of writing, Dogecoin was priced at $0.08651 with a hike of 6.73% over the last 24 hours, as per Coin Market Cap (CMC).

Dogecoin (DOGE) On The Rise As Elon Musk Announces To Make An Alternative Phone

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Despite the recent uncertainties caused by the FTX fiasco, DogeCoin (DOGE) price has been stable over the past few days – with its value surging significantly by about 10% for the past day. 

One of many major causes for this is Elon Musk’s recent announcement that he would make an alternative phone if twitter were to be removed from both iPhone and Android app stores.

Liz Wheeler, a podcaster, tweeted her concern that Twitter may be subject to a play store ban due to Elon’s new policy, to which Musk responded that “I certainly hope it does not come to that,” but if it happens, he will “make an alternative phone.”

Wheeler said:

If Apple & Google boot Twitter from their app stores, Elon Musk should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a silly little smartphone should be easy, right?

Meanwhile, the Economic Times reported that Twitter Inc.’s new Verified services would go live next Friday, according to Elon Musk, following a string of delays and issues related to fraudulent accounts.

To prevent a growing issue of people mimicking well-known brands, Twitter has already stopped the $8 subscription program. Twitter Verified is Musk’s attempt to separate distinct user groups and generate much-needed income.

The report stated that in order to prevent companies against accounts with blue check marks from altering their identity and image to that of a brand, companies will now receive a gold check mark.

Dogecoin (DOGE) Price Surge 

The market has been slowed by the FTX debacle and other prominent investors, but Elon Musk and his favorite cryptocurrency Dogecoin (DOGE), are not lagging behind.

According to CoinMarketcap’s data, the token is currently trading at $0.09186, with almost an 11% increase in the previous seven days. The token market cap has risen by approximately 4.00% during the past day, while its trading volume has increased by about 35%.

Dogecoin DOGE rebounded to $0.090 from the $0.077 support level of November 21st, signaling that the bulls are attempting to create a new higher above this price. However, at $0.090, where the relief rally is now, the bulls are confronted with strong bear opposition.

DOGEUSD 2022 11 26 04 58 53
Source: Tradingview.com

Since the end of November, the strength of purchasers has significantly increased for Dogecoin. The apparent breakthrough above a short-term barrier suggests that this trend may continue.

On Tuesday, November 25th, the Dogecoin price pushed past its previous high to $0.0861 after more than two weeks of attempted breakouts on November 24th, when there was a spike in trading volume that may signal renewed buying pressure.

Nevertheless, for Dogecoin’s price to rise significantly, it must break through and hold above $0.095. The price may finally drop below $0.070 in the event of a bearish reversal, where it may experience several rejections.

Related Reading | Shiba Inu Burn Rate Rises: Battles To Win Back Confidence After FTX Crash

Dogecoin Will Receive A Boost From Elon Musk & Vitalik Buterin, David Gokhshtein speculates

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Elon Musk, CEO of Twitter, and Vitalik Buterin, co-founder of Ethereum, are expected to work together to strengthen Dogecoin (DOGE), according to Gokhshtein Media CEO David Erik, who expressed his opinion through Twitter.

Additionally, David was also confident that these two crypto industry titans would not collaborate on Bitcoin:

They won’t work on #Bitcoin — well because Vitalik tried that in the past and was kicked and Elon is interested in turning something that started off as a joke into something serious.

Musk’s long-standing association with the cryptocurrency, which he frequently mentions in tweets and has accepted as a means of payment for some of the goods and services Musk’s businesses provide, may be based largely on Dogecoin’s surge in popularity.

The Ethereum creator Vitalik Buterin is one of the prominent board members of the Dogecoin Foundation, which also encouraged the currency’s popularity. When Ethereum successfully implemented the much-anticipated Merge update, Buterin suggested that it should be the next cryptocurrency to make a change from Proof of Work.

Additionally, DogecoinFdn (Dogecoin Community) received a contribution of 20 million DOGE from Buterin in November after a donation of 500 ETH in May. DogecoinFdn is an organization with the goal of advancing DOGE via advocacy and development.

Dogecoin Price Analysis

Investors of the popular meme coin DOGE are among the most relaxed under this current bear market. A recent study conducted by Coin Kickoff indicated that despite Bitcoin’s value being down, people are still feeling optimistic about DOGE’s stability in its stead.

Dogecoin (DOGE) lost 0.49% on Thursday and ended the day at $0.0814, reversing all of Wednesday’s gains. The fact that DOGE avoided ending the day below $0.0800 for a second consecutive session is noteworthy.

Today, the bull breaks over the $ 0.0857-second major resistance level, and after doing so, it hits the third major resistance level at $0.0894. However, it is currently trading at $0.08841, on a bullish trend toward growth, with a rise of 11% in the last 24 hours and 3.77% in the previous seven days, as per the data from Coinmarketcap.

DOGEUSD 2022 11 25 05 00 45
Source: Tradingview.com

There is still more breakthrough potential up to $0.0910. However, Dogecoin must maintain above the 50-day moving average at $0.085 before it can trade bullishly.

Nevertheless, the Dogecoin community on CoinMarketCap predicts that on December 31 of this year, the price will reach $0.096 if the breakout session continues. 

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