Latest news with #DogecoinDOGE
Yahoo
26-06-2025
- Business
- Yahoo
Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce
Bitcoin BTC is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding. Meanwhile, Ether ETH traded at $2,400, up 0.5% on the day, approaching resistance near $2,450. Dogecoin DOGE hovered at 16 cents after a minor 0.6% rise, while Solana's SOL SOL dipped to $145, down 0.2%. Cardano's ADA ADA slid nearly 1.3% to 58 cents after briefly testing the 60 cents level earlier in the week. Ryan Lee, chief analyst at Bitget Research, said BTC's inability to stabilize immediately after its initial drop below $99,000 signaled lingering caution, even as ETF inflows — now totaling $46 billion — continue to provide structural support. 'Its potential as a safe-haven shines through, but tempered risk appetite delays recovery,' Lee said. Despite this, Lee sees bitcoin hitting $110,000–$115,000 by Q3 and potentially $130,000–$160,000 by year-end. Lee expects ether to be in the $2,600–$2,800 in the near term and as high as $5,500 longer term. The rebound comes amid a broader shift in risk sentiment. U.S. equity futures edged higher on Wednesday, building on the Nasdaq 100's record close the previous session, while Asian stocks extended their two-day rally. Treasuries firmed and the dollar steadied after Federal Reserve Chair Jerome Powell said 'many paths are possible' for monetary policy, reinforcing bets on interest rate cuts as consumer confidence weakens. Bitcoin's recovery after its weekend fall has reignited debate over whether it's maturing into a true safe-haven asset or simply responding to macro tailwinds and ETF-driven flows. 'Bitcoin's status as a safe-haven asset is still taking shape,' said Gadi Chait, head of investment at Xapo Bank. 'Its V‑shaped recovery back above $105K in under 48 hours after falling into the nineties highlights its growing liquidity and integration into mainstream portfolios.' Chait added that while geopolitical shocks often spark a flight to cash, recent cycles show that institutional bids now help shallow the dips and accelerate rebounds. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Dogecoin Drops 7% After Brief Rally Amid Rising Hopes of a DOGE ETF
Dogecoin DOGE experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range. The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above 20 cents. Dogecoin's latest price action comes amid renewed interest in meme tokens following a series of crypto market shake-ups. Speculation around a possible DOGE ETF has gained traction, with Polymarket data indicating a 51% chance of SEC approval in 2025 — a development that could inject institutional capital into the market. Meanwhile, Dogecoin's integration with Coinbase's Base network is adding functional value, introducing wrapped DOGE into DeFi ecosystems for the first time on a large scale. The meme coin's ability to draw high-volume support near key levels suggests that institutional buyers may be quietly building positions, even as retail traders remain cautious. • DOGE surged from $0.196 to $0.204 (4.08%), then reversed sharply to $0.191 (6.63% range). • Resistance confirmed at $0.203–$0.204 after three rejections on heavy volume (>1B units at 07:00). • Support formed at $0.192, with brief rebounds from this level despite weakness. • Final hour drop from $0.192 to $0.190 followed by a quick V-shaped recovery to $0.192. • Accumulation signs emerged with volume increasing past 2.3M in final minutes.
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin, Dogecoin, Ether Could See Profit-Taking Even as Macro Conditions Improve
Bitcoin BTC held firm above $107,000 on Thursday, but signs of fatigue are beginning to surface across the broader crypto market as majors show early signs of profit-taking. Dogecoin DOGE was down nearly 4% at 19 cents, while Tron's TRX TRX slipped 5.5% to 27 cents. XRP XRP, BNB Chain's BNB BNB, Solana's SOL SOL, and Cardano's ADA ADA showed losses as much as 3%. Ether ETH, which outperformed BTC last week amid a surge in ETF inflows and bullish derivatives activity, also showed signs of cooling off after briefly topping $2,800. While the sentiment remains largely positive, multiple tokens are now hovering near local resistance levels, prompting cautious traders to lock in gains. Traders say the broader backdrop remains constructive. Momentum is quietly building across crypto markets, with underlying structural shifts catching the smart money's attention. 'Mainstream sentiment on crypto has turned around noticeably, especially on the back of Circle's successful IPO, with Gemini and Bullish having filed their own listing intentions with the SEC recently,' said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message. 'BTC treasury plays have also been in vogue with a seemingly endless stream of companies looking to copy the MSTR playbook, not to mention the stablecoin excitement both in TradFi and onchain (e.g., Plasma)," he said. Macroeconomic developments may also be playing a role. Progress on U.S.-China trade talks and a softening inflation print have created a more favorable outlook for risk assets, some say, bolstering sentiment across equity and digital asset markets. 'The U.S.-China deal progress and softer CPI data are encouraging signs for global markets, easing inflationary pressures and creating a more stable economic outlook,' said Jeffrey Ding, Chief Analyst, HashKey Group, in a Telegram message. 'We're optimistic that digital assets will continue to grow as macroeconomic influences find resolution while institutions further integrate within the industry,' Ding added. Kraken economist Thomas Perfumo mirrored that institutional angle. 'The broad rally in crypto markets reflects its evolving role as a macro hedge amid rising real yield volatility and growing concerns over fiscal deficits,' Perfumo said in an email to CoinDesk. 'We're witnessing a virtuous cycle: the adoption of structural bid vehicles like spot ETFs — particularly within a more favorable U.S. regulatory environment — is absorbing supply far faster than anticipated,' he added.
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin, Dogecoin, Ether Could See Profit-Taking Even as Macro Conditions Improve
Bitcoin BTC held firm above $107,000 on Thursday, but signs of fatigue are beginning to surface across the broader crypto market as majors show early signs of profit-taking. Dogecoin DOGE was down nearly 4% at 19 cents, while Tron's TRX TRX slipped 5.5% to 27 cents. XRP XRP, BNB Chain's BNB BNB, Solana's SOL SOL, and Cardano's ADA ADA showed losses as much as 3%. Ether ETH, which outperformed BTC last week amid a surge in ETF inflows and bullish derivatives activity, also showed signs of cooling off after briefly topping $2,800. While the sentiment remains largely positive, multiple tokens are now hovering near local resistance levels, prompting cautious traders to lock in gains. Traders say the broader backdrop remains constructive. Momentum is quietly building across crypto markets, with underlying structural shifts catching the smart money's attention. 'Mainstream sentiment on crypto has turned around noticeably, especially on the back of Circle's successful IPO, with Gemini and Bullish having filed their own listing intentions with the SEC recently,' said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message. 'BTC treasury plays have also been in vogue with a seemingly endless stream of companies looking to copy the MSTR playbook, not to mention the stablecoin excitement both in TradFi and onchain (e.g., Plasma)," he said. Macroeconomic developments may also be playing a role. Progress on U.S.-China trade talks and a softening inflation print have created a more favorable outlook for risk assets, some say, bolstering sentiment across equity and digital asset markets. 'The U.S.-China deal progress and softer CPI data are encouraging signs for global markets, easing inflationary pressures and creating a more stable economic outlook,' said Jeffrey Ding, Chief Analyst, HashKey Group, in a Telegram message. 'We're optimistic that digital assets will continue to grow as macroeconomic influences find resolution while institutions further integrate within the industry,' Ding added. Kraken economist Thomas Perfumo mirrored that institutional angle. 'The broad rally in crypto markets reflects its evolving role as a macro hedge amid rising real yield volatility and growing concerns over fiscal deficits,' Perfumo said in an email to CoinDesk. 'We're witnessing a virtuous cycle: the adoption of structural bid vehicles like spot ETFs — particularly within a more favorable U.S. regulatory environment — is absorbing supply far faster than anticipated,' he added.
Business Journals
11-06-2025
- Business
- Business Journals
Cashing in on culture: Dogecoin and the age of ironic investing
As internet culture has developed and grown increasingly layered over the past several years, the culture's relationship to memes at large has changed dramatically. In the earliest days of internet memes, they were little more than still images punctuated with retrofitted jokes that generated a new comical meaning when paired with the image. Those days have long since passed, as memes are now often complex plays on inside jokes and niche humor. Memes can now take on a life far beyond a typical online image, with these inside jokes even manifesting in resulting actions in the real world. There is perhaps no more pressing example of this than Dogecoin. What began as an inside joke amongst a niche online community, referencing a famous early internet meme to create a new form of crypto as a parody, has become a bona fide institution of the digitized currency market. Its price movements now reflect retail enthusiasm, meme-driven speculation, and its surprising staying power in a maturing crypto market. Today, Dogecoin is a cultural and market phenomenon. Its origins may have been a joke, but the cryptocurrency has since turned into real-world trading volume. The origin and intent behind Dogecoin DOGE started as satire, yet gained traction through relatability, accessibility, and viral engagement. Established long before the cryptocurrency boom in the early 2020s, Dogecoin was largely dismissed as a joke by both the general public and serious investors. Founded in 2013, it originated from an outdated online meme known as 'doge' in internet communities. This meme featured a Shiba Inu named Kabosu, who was captured side-eyeing the camera in a humorous pose in 2010. The meme rose to fame around mid-2013. By the time Dogecoin was created in late 2013, the meme was already fading in relevance, which added to its humorous appeal for users. However, in 2021, the cryptocurrency industry experienced a boom, and social media interactions, along with celebrity endorsements, brought unexpected attention to Dogecoin. Since then, Dogecoin has consistently been a profitable coin despite challenges. As recent as November 2024, this meme coin contributed to a massive $3 trillion increase in cryptocurrency value. Consequently, what began as merely a niche online joke has transformed into a well-recognized and respected form of digital currency. What has made DOGE successful? Tweets from public figures, social media trends, and retail buying frenzies continue to drive Dogecoin price swings, often detached from traditional fundamentals. While this positions DOGE as an outsider in the cryptocurrency sphere, it also makes the coin an excellent entry point for new investors. Its high liquidity and low per-unit cost create an ideal first investing experience for many individuals. Additionally, the coin is still framed by a rich layer of internet humor, which attracts young investors out of curiosity. For many, the joke provides a digital entryway, and then the coin's accessibility encourages them to actually invest. Even if it's under the guise of irony, it's still investing, which enhances the coin's value. Irony and memes in modern culture Surprisingly, the concept of memes existed long before the internet gained popularity, dating back several decades. The term originates from the ancient Greek word mimema, meaning to imitate. However, it was Richard Dawkins, a biologist, who formally introduced the term in academia in 1972. Dawkins is best known for his influential book, 'The Selfish Gene.' Since then, the meaning and usage of memes have evolved, yet the fundamental definition remains intact. In today's digital world, memes are primarily recognized as images, videos, or online phenomena featuring humor. When something is referred to as a meme, it often suggests that it is perceived not genuinely but through a lens of postmodern irony. An incredibly popular example of irony-laden success, reminiscent of Dogecoin's journey in many ways, was the recent financial achievement of 'A Minecraft Movie.' Despite its infamously poor marketing, the film's box office success was propelled by a younger audience's familiarity with the source material and the viral nature of the trailers. Many viewers attended the film ironically, performatively reacting for social media, yet the movie succeeded immensely. Why Dogecoin's legacy might outlast the joke While Dogecoin may have started as little more than an inside joke, it has since become an integral part of the crypto market. The fact that the coin isn't regarded as seriously as other tokens such as bitcoin or Solana has contributed to its success, with DOGE serving as a gateway crypto investment for many. Its popularity demonstrates the power of digital community, showing that collective humor and cultural momentum can have real financial outcomes.
