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Dogecoin Averages +24% in Asian Hours but -15% During US Hours

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It is a preconceived notion that the West plays the most critical role in determining the directional bias of the price of crypto assets. However, when it comes to Dogecoin , that narrative has been changing of late. As depicted in the chart below, the East’s transaction share has overshadowed the West’s share a handful of times in the past fortnight. In fact, on one particular day, the East/West ratio stood at 67/33. Source: IntoTheBlock Also Read: When Will Shiba Inu Reach 1 Cent? Dogecoin Cumulative ROI: Region-Wide Analysis On the Year-to-Date front, Dogecoin is currently down 5.6%. Velo Data’s numbers pointed out that DOGE’s cumulative ROI during Europe’s trading hours [purple] has been in negative territory for most of 2023. In fact, the state has only worsened in H2. Source: Velo Data During the first few months, when DOGE rallied along with Bitcoin, the market predominately had buyers from the U.S. [blue] and Asia Pacific [yellow] reg...

Dogecoin Creator Gets Candid on His Current Involvement with DOGE

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In a recent Twitter post, Dogecoin creator Billy Markus got candid about his involvement with DOGE today. Moreover, Markus addresses some frequently asked questions regarding his place in the development of the meme coin he created ten years ago.  Importantly, Markus made one thing very clear: he is no longer involved with the digital asset. Specifically, when asked if he represents DOGE, he replied succinctly, “No.” Additionally, he spoke about his lessened professional involvement, and his opinion on the market as a whole.  FAQ: Q: do you represent doge ? A: no Q: do you have any professional involvement with doge ? A: no. haven’t touched it for 10 years. Q: are you jealous of the success of other coins and tokens? A: i literally don’t care, i just don’t like being harassed and attacked for clout. — Shibetoshi Nakamoto (@BillyM2k) April 26, 2023 DOGE Creator Talks Current Involvement The prevalence of meme coins is among the most interesting developments in the digital...

PEPE, Shiba Inu Breaks Out...but in the Wrong Direction

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Massive corrections have unfolded in the digital asset market over the past few hours. Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) have all registered significant falls, indicating a collective collapse. PEPE , the most memeable memecoin which registered a whopping 1000x returns over the past few days, has been handed a bit of reality. The asset has dropped by a massive 48% over the past 3 hours, after peaking beforehand. The current market continues to bleed and for the ‘vaporware’ project, the downtrend might continue to pile on, and as any investors flocking in, will be flocking out just as quickly. Source: PEPE/USD on DexTools Dogecoin (DOGE ), the original memecoin, has fallen 5.8% in the hourly charts, and by 6.2% in the last 24 hours. According to CoinGlass, $5.93 million worth of DOGE was liquidated in 4 hours. DOGE could find support at around $0.08104, with resistance at $0.09421. THe current fall is the most significant drop for Dogecoin (DOGE) since April 6. ...

Dogecoin Price Prediction for February 2023

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A Dogecoin price prediction seems to be quite important, especially considering the rally in the past few days. Dogecoin (DOGE), the first meme cryptocurrency, caused quite a stir in the cryptocurrency market. The asset received enthusiastic backing from multi-billionaire Elon Musk, who also contributed to keeping its name in the community. As a result, Musk’s actions had a direct impact on the price of DOGE. His recent Twitter acquisition had a significant impact on the asset’s value. Read more: Mutant Ape Planet Alleged Defrauder Taps Bernard Madoff Lawyer The meme coin has gained over 10.9% in value over the last 24 hours according to CoinMarketCap data. The meme coin has lost 5% value over the last 24 hours. As 2023 started off with a bang, here is our price prediction for Dogecoin for February 2023. Source: CMC Dogecoin price prediction for February 2023 At press time, DOGE is trading at $0.8402, as the market has slumped with ETH and other major alts d...

Dogecoin Price Prediction for 2023

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The first meme cryptocurrency, Dogecoin [DOGE], created a commotion in the cryptocurrency market. The asset received the warmest support from multi-billionaire Elon Musk, who also played a key role in retaining its name in the community. Musk’s actions consequently directly affected the price of DOGE. His recent Twitter purchase had a sizable effect on the asset’s price. October was a particularly strong month for Dogecoin . Meme coin gained 119% during this time, outpacing gains made by other well-known altcoins. However, most of the gains have been erased due to several unforeseen events in the cryptocurrency realm. As 2023 is here, here is our price prediction for the rest of the year. Source: Analytics Insight Dogecoin price prediction for 2023 At press time, DOGE is trading at $0.7273, with a spike in value of 4% over the last 24 hours. The meme coin is down by 29.4% in the last 14 days and up by 2.14% in the last seven days. according to the data from Coi...

Dogecoin: 48% of the Supply Held by 10 Holders

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Dogecoin has been reigning in the meme coin realm for quite some time. However, in terms of utility and development, DOGE has been lacking. 2022 has been a rough and tough year for Dogecoin . DOGE put on a mighty show when Elon Musk took over Twitter. This was with the assumption that Dogecoin would be incorporated into Twitter. However months after the acquisition that dream still remains a dream. According to the latest data from CoinMarketCap, 48% of the total supply of Dogecoin is held by just 10 holders. Source: URECOMM Top Dogecoin holder controls 25.27% of the supply The number one holder of dogecoin controls 25.27% of the total supply. This is equivalent to 34,762,065,944.39 DOGE. Other top-five holders control 5.51%, 4.75%, 3.66%, and 2.79%, respectively. Source: CoinMarketCap There are currently 4,510,766 total addresses that hold Dogecoin . Out of this, the top 10 holders control 48.03%. The top 20 holders control 54.76% and the top 50 holders control...