Category: Dogecoin

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Coinbase is Finally Going to List Dogecoin (DOGE) As Price Surges Again

Coinbase is Finally Going to List Dogecoin (DOGE)

Coinbase, one of the leading cryptocurrency exchanges in the United States, has finally announced its intention to list the famous dog-themed cryptocurrency Dogecoin (DOGE) in the coming weeks.

This is a much anticipated and important announcement for many Dogecoin holders as they are hoping the coin can reach the $1 USD price. This does seem crazy as the coin was only $0.000233 USD back in 2016.

DOGE is Coming to Coinbase

During the exchange’s earnings call on Thursday, the Chief Executive Officer, Brian Armstrong, revealed that they are planning to add Dogecoin in the “next six to eight weeks” for trading. Bloomberg cited the CEO’s comment, which reads that “the proliferation of alternative coins, including Dogecoin and Binance Coin, is a challenge because competitors support them and Coinbase doesn’t.”

Coinbase supports a number of cryptocurrencies for trading, including Mirror Protocol (MIR), Internet Computer (ICP), Tether (USDT), etc. However, it’s yet to add Dogecoin on its platform, despite the fact that the meme cryptocurrency has made headlines across several crypto media amid its massive increase in value. The exchange seems to support coins only when they’ve reached scale. 

However, Armstrong noted the exchange would lower the barrier and accelerate the time it takes to list new coins.

DOGE is up Over 5,500% YTD

Interest in Dogecoin rose significantly over the recent months amid the massive growth. The price of DOGE has increased by over 5,500 percent since the beginning of 2021.

Dogecoin price chart. Source: CoinMarketCap

This is quite surprising given that the cryptocurrency was only considered a joke during its early years. In fact, Dogecoin was even abandoned by its creator, Billy Markus, back in 2015. Doge’s Little Brother Shiba Ino (SHIB) Meme Coin Surges 700%.

DOGE was trading at $0.5641 USD on CoinMarketCap, during the time of writing. It’s rated the fourth-largest digital currency, with a market capitalization of $73.5 billion USD.  

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Crypto News Dogecoin

Dogecoin Fans Are Trying To Rig Google’s “One Dollar” Search Results

Dogecoin DOGE on Reddit
Dogecoin DOGE from Reddit https://www.reddit.com/r/dogecoin/comments/na0r8c/one_dollar_interact_with_this_post_and_image_so/

A group of Dogecoin (DOGE) fans have launched a bid to influence Google’s search rankings so that a picture of the popular canine cryptocurrency appears whenever someone performs an image search for “one dollar”.

The call was made on a Reddit page with the title: “One Dollar. Interact with this post and image so it will be shown in searches for one dollar.”

Dogecoin DOGE on Reddit
This is the image that Dogecoin fans are trying to send up the Google Image Search rankings [Reddit]

The post refers to hopes that Dogecoin will eventually be worth one dollar, in a one-of-a-kind competition between crypto evangelists who would often speculate about Bitcoin replacing the dollar as a global currency.

Worth about 50 cents AUD at the time of writing, Elon Musk’s favourite meme coin is now the fourth largest cryptocurrency and its journey seems definitively moonbound. Yet its astronomical growth does not seem to be enough for some Doge fans.

Is It Working?

The bid to engineer the search results appears to be working. When we searched for “one dollar”, a Dogecoin image was indeed riding high in the rankings.

Doge appearing for "one dollar" search images on Google
Doge appearing for “one dollar” search images on Google

Despite the recent fluctuations in price, enthusiasm seems to be running high between Doge supporters, with Reddit user comments like “When Tesla accepts Doge, 1 Doge = $35,000, take it or leave it” or “Waiting for Tesla to accept doge since the announcement of Elon’s appearance on SNL…” where he discussed all things DOGE.

On the Reddit page advertising the stunt, users were also talking about Elon Musk’s recent poll in which he asked if Tesla should start accepting the currency. Results are in and almost 80% in favour of DOGE payments, leaving not much room for interpretation of market sentiment.

No one say whether or not Dogecoin will hit the one dollar milestone, or go to the moon – maybe even literally.

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Crypto News Dogecoin

More DOGE Inspired Tokens Flood The Market – Husky, Akita, MoonPaw, Shib

Iba Shinu dog photo
Iba Shinu dog photo https://unsplash.com/photos/Aka2x2D4Ph0

More dog-themed cryptocurrencies are flooding the market, following the surprising success of Dogecoin (DOGE), which was considered only a joke cryptocurrency at the early stage.

The growing interest in Dogecoin seems to have inspired the launch of similar cryptocurrencies on the Binance Smart Chain (BSC), including:

SHIB: from Dogecoin Killer to COVID Relief

SHIB has the largest market capitalization amongst these coins. It’s known as “DOGECOIN KILLER” and recently took rank 23rd on CoinMarketCap, with a $9.5 billion USD market cap. Fifty percent of the maximum supply was burned to Vitalik Buterin, the co-founder of Ethereum, while the remaining percentage was locked on the decentralized exchange, Uniswap.

However, its price tanked shortly after Vitalik donated his SHIB to Indian charity CryptoRelief – a donation worth about $1 billion USD.

DOGE Surged Over 4,300% YTD 

Many crypto users are increasingly stacking up these dog-themed coins with the hope of replicating the profits from Dogecoin. However, it remains unknown how well these new coins can play relative to DOGE.

Dogecoin was trading at $0.4602 USD during the time of writing. It’s down by 8.78 percent on a 24-hour count. 

Dogecoin price chart from CoinMarketCap

It is currently the fourth-largest digital currency, with a market capitalization of over $58 billion. The price of DOGE is up by over 4,300 percent on a year to date (YTD). Notably, the crypto gained mainstream popularity this year as many prominent personalities, including the billionaire founder of SpaceX Elon Musk, showed interest in it.

On several occasions, Elon Musk tweeted about DOGE and recently talked about it on a TV show, bringing attention to the coin.

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Crypto News Dogecoin E-commerce

Will Amazon accept DOGE payments?

Amazon Day Delivery
Amazon Day Delivery [amazon.com]

A Doge-like image on Amazon website has got some Dogecoin enthusiasts thinking that one of the largest e-commerce companies, Amazon, would consider accepting payments with the meme cryptocurrency.

This would be a milestone for Dogecoin (DOGE), which could also push price above the $1 mark, owing to the popularity of the e-commerce company.

However, that doesn’t seem to be the case. The image on the Amazon app was actually a “Corgi” and not Dogecoin’s “Shiba Inu,” as some DOGE-fans thought. Amazon users confirmed this, saying that the Corgi image has been on the mobile application for years.

Meanwhile, this doesn’t negate the fact that many Dogecoin enthusiasts want Amazon to accept payment the cryptocurrency, which is currently the fourth-largest by market capitalization.

Dogecoin Enthusiasts Wants Amazon to Accept DOGE

In a recent survey conducted by GamblersPick, nearly 53 percent of the respondents indicated that they want Dogecoin to be accepted on Amazon. Apparently a good number of them believe that the meme cryptocurrency is the future and the “next Bitcoin”.

Dogecoin as a currency [GamblersPick]

Amazon is not the only big company to have expressed interest in cryptocurrency payments and blockchain technologies.

At the time of writing, DOGE was listed at $0.5007 USD on CoinMarketCap. On a weekly count, the cryptocurrency lost about 11.5 percent of its value. Its market capitalization sits around $64.8 billion USD.

Tesla Might Add Dogecoin 

On Tuesday, Elon Musk opened a Twitter poll on whether to accept Dogecoin for payment in Tesla. At the time of writing, the results indicate that about 78 percent out of over 3 million respondents want the electric car company to add Dogecoin (DOGE) as a payment option.

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Binance Coin Bitcoin Crypto News Cryptocurrencies Dogecoin Ethereum Litecoin Markets Ripple

Top 10 Cryptos Prices in 2016 vs 2021

Crypto prices and market caps, 2016 (left) vs 2021 (right)
Crypto prices and market caps, 2016 (left) vs 2021 (right) [CoinMarketCap]

A lot has changed in the cryptocurrency market over the past five years. There have been many coin ranking reshuffles, with massive growth in the global market capitalization as more people got to know and invest in digital currencies.

Back in 2016, the top-ten digital currencies by market capitalization (according to data from CoinMarketCap) and their corresponding prices were:

  1. Bitcoin (BTC) at $455.25 USD
  2. Ethereum (ETH) at $9.82 USD
  3. Ripple (XRP) at $0.006069 USD
  4. Litecoin (LTC) at $3.98 USD
  5. Dash (DASH) at $6.89 USD
  6. DigixDAO (DGD) at $12.17 USD
  7. Dogecoin (DOGE) at $0.000233 USD
  8. MaidSafeCoin (MAID) at $0.052008 USD
  9. NEM (XEM) at $0.001491 USD
  10. FedoraCoin (TIPS) at $0.000029 USD

At the time, Bitcoin was only a three-digit price cryptocurrency ($455 USD), with a total market valuation of $7.075 billion USD. Also, Ethereum was less than $10 USD, while XRP traded around $0.006 USD, according to data from CoinMarketCap.

Crypto prices and market caps, 2016 (left) vs 2021 (right)
Crypto prices and market caps, 2016 (left) vs 2021 (right) [CoinMarketCap]

As of May 2016, the global cryptocurrency market capitalization was $8.449 billion USD.

Crypto total market capitalization [CoinMarketCap]

The Crypto Market is up by Over 29,000% Since 2016

Fast forward to today, the crypto market has seen immense growth of over 29,000 percent in the market cap – in other words, more than 290 times. The total valuation of global cryptocurrencies now sits around $2.47 trillion USD compared to $8.4 billion USD cap in the past five years. This follows the wake of more retail and institutional investors.

The leading cryptocurrency Bitcoin (BTC) saw over a 12,300 percent increase from 2016 to date, with a market capitalization of over $1 trillion USD. This means that a $100 USD investment in BTC over the past five years would be worth more than $12,000 USD in today’s value. At the same time, the second-largest cryptocurrency Ethereum (ETH) surged by over 41,000 percent, which is a much higher return compared to Bitcoin.

Some of the top-ten coins in 2016 are no longer ranking high on the list today, including DigixDAO and FedoraCoin. It remains to be seen how the list will change in the next five years. Do you think Bitcoin and Ethereum can be overthrown by the likes of Binance Coin (BNB) or even Dogecoin (DOGE)?

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Crypto News Dogecoin

‘Dogecoin Killer’ Shiba Inu Hits Australian Crypto Exchanges

SHIB ecosystem woof paper
SHIB ecosystem woof paper

Shiba Inu (SHIB) token has become available on many crypto exchanges, including Binance Australia and Swyftx.

SHIB on Swyftx exchange

SHIB vs DOGE

Just a few short years ago, Dogecoin (DOGE) was a joke. Arguably, not many thought it would become the fourth-largest cryptocurrency in the world following an astonishing price surge during 2021. Some investors looking for a repeat of the Doge “miracle” have recently turned to a new coin called SHIB, or Shiba Inu Token.

Named after a famous Japanese breed of dog, SHIB has been nicknamed “the Dogecoin killer” and it looks like it is now being taken more seriously than its pooch-themed image might suggest.

A word of caution

When Binance listed SHIB in its Innovation Zone, a place “where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens”, it issued the following warning:

Please note that, as of the time of writing, the top #1, #2 and #5 wallets hold 50.5%, 7.0% and 3.0% of total supply respectively.
SHIB is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility after the Binance listing. Please ensure that you exercise sufficient risk management, have done your own research in regards to SHIB’s fundamentals, and fully understand the project before opting to trade the token.

Binance announcement [source]

The man who owns half the world’s Shiba Inu is Vitalik Buterin, whose holdings are now worth billions of dollars after SHIB shot up in price during May from around $0.000002 USD to about $0.000035 USD (an increase of over 15 times). He was given the deposit when SHIB was first minted and it’s understood that he did not know about the gift.

The team behind SHIB writes on their website: “We locked the 50% of the total supply to Uniswap and threw away the keys! The remaining 50% was burned to Vitalik Buterin and we were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don’t own team tokens they can dump on the community.”

Is SHIB going to the moon – or doomed to plunge to Earth? No one can tell, but it will be very interesting to see what happens to the latest canine cryptocurrency phenomenon.

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Crypto Memes Crypto News Dogecoin

Elon Explains Dogecoin on Saturday Night Live TV Show

Elon spoke about Dogecoin in character on NBC Saturday Night Live TV Show (SNL) on 8 May, playing a fictional financial analyst – Lloyd Ostertag.

What is Dogecoin?

When asked “What is Dogecoin?” Elon replied:

It’s the future of currency […] It’s an unstoppable financial vehicle that’s going to take over the world.

Elon Musk

He went on to say:

It’s a cryptocurrency you can trade for conventional money.

Elon Musk

Finishing up the skit, Musk jokingly said that the cryptocurrency is “a hustle”, then he howled, “to the mooooooon!”

The episode aired on May 8th and received the third highest ratings for the show so far this season. SNL has over 10 Million viewers and for the first time ever, the show was also live-streamed on YouTube in more than 100 countries; however “The Dogefather” himself was not enough to sustain the uptrending price of Doge.

Elon Musk as The Dogefather [source]

The effect on DOGE price

Dogecoin (DOGE) fell off a cliff mid way through Elon Musk’s appearance on national television. The coin dropped sharply in a matter of hours, crashing from around $0.73 USD to around $0.43 USD.

Dogecoin’s price action saw a steady pump in the week-long run up to Musk’s SNL appearance, as some buyers loaded up their bags to ride the hype and take advantage of the memecoin’s volatility. But as they say “the higher they rise, the harder they fall”. Just as quickly as Dogecoin’s price pumped, it dumped even faster, as investors rushed to cash in, selling off to take profits.

Perhaps not so coincidentally, popular trading apps Robinhood and Binance experienced problems midway through the program, trapping unwitting noobs by preventing access.

Who knows, one day perhaps Dogecoin will literally go to the moon.

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Crypto News Dogecoin

SpaceX Accepts DOGE For DOGE-1 Mission To The Moon in 2022

SpaceX is now accepting Dogecoin (DOGE) as payment to fund the upcoming satellite, DOGE-1, which will be launching in collaboration with logistics firm Geometric Energy Corporation (GEC).

DOGE-1 will be the first meme-inspired satellite on the moon, launched as a 40 kilogram cube flown up on a Falcon 9 rocket. The mission is set for the first quarter of 2022.

After the announcement of the DOGE-1 Mission, Dogecoin surged 30% in a matter of minutes, recovering from its previous crash after Elon Musk’s appearence on Saturday Night Live.

DOGE to the Moon, Literally

Dogecoin has been one of the main discussions in the crypto community, causing controversy as well, because what started as a joke became the best-performing asset of the market.

Since Elon Musk and other influencers started tweeting about Dogecoin, it has surged over 25,000%, and now holds a US$86 billion market cap for the past six months.

People all around the world have shown interest in investing in Dogecoin, possibly lured by the massive returns that the famous memecoin can offer. DOGE has also reached 1 million followers on Twitter.

Interplanetary Commerce Using DOGE

According to SpaceX Vice President of Commercial Sales, Tom Ochinero, DOGE-1 will set the foundation for interplanetary commerce, demonstrating the applications of cryptocurrencies beyond Earth orbit.

Indeed, through this very transaction, DOGE has proven to be a fast, reliable, and cryptographically secure digital currency that operates when traditional banks cannot and is sophisticated enough to finance a commercial Moon mission in full. It has been chosen as the unit of account for all lunar business between SpaceX and Geometric Energy Corporation and sets precedent for future missions to the Moon and Mars.

Press Release by Geometric Energy Corporation
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Australia Crypto News Cryptocurrencies Dogecoin

The Kid LAROI Makes A Cameo In Musk’s Doge Tweets

After hitting the number one spot on Australian music charts in 2020, Aussie rapper The Kid LAROI also hit the trending section of Twitter by popping up in one of Elon Musk’s many Doge-related tweets.

Guest on SNL and Doge Tweets

The tweet came shortly before the rapper from Sydney was due to appear on SNL along with Miley Cyrus, in an edition of the show hosted by Elon Musk.

The original image – conspicuously missing the mischievous Shiba Inu – was posted to Miley Cyrus’s Instagram shortly before the edit made it to Twitter.

With Doge, Without You

Before getting tweeted with the mascot of Dogecoin (DOGE), The Kid LAROI and Miley Cyrus reportedly met through Omer Fedi, the co-writer and producer of his hit single “Without You”.

We met through Omer because we’d been working together, and we talked about maybe doing a remix of “Without You”. Omer came to me and was like, ‘Hey, would you want Miley to do the remix?’ And I was like, ‘Yeah, that would be dope’. So, we just linked up, met in the studio, she cut the record and then we went and hung out and had a little party. She’s cool as f—. I remember when my cousins used to force me to watch Hannah Montana, so collaborating with her was pretty cool.

The Kid LAROI [source]

Reaching international stardom through his singles Let Her Go and Go – both of which made the Hot 100 billboard – The Kid LAROI is also the youngest Aussie solo artist to gain the number 1 spot on the ARIA charts through his 2020 mixtape.

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Crypto News Dogecoin

Dogecoin Fans Are Getting Nervous About Elon Musk’s SNL Appearance

Is boom and bust part of the circle of life - or can Elon truly take Doge to the moon? (Image: Elon Musk/ Twitter)

He’s the ever-so-slightly eccentric billionaire whose fondness for Dogecoin has helped to send it soaring on a skyhigh price rally.

Now Doge fans are worried that Elon Musk’s appearance on Saturday Night Live will send the canine cryptocurrency anywhere but “to the moon”.

Forums and social media are ablaze with wild rumours that Elon will use his SNL gig to tell the world about Dogecoin, which hit a record high of more than $.58 and celebrated the milestone of reaching one million Twitter followers.

However, it’s feared that the SNL publicity boost for Doge could cause an unsustainable price rally and subsequent crash, wiping out new investors’ savings and rocking wider confidence in crypto.

One analyst said it was extremely likely that Elon would get involved in some sort of crypto-related stunt when he stands in as host of SNL on May 8.

“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of Saturday Night Live. Also known as the Dogefather, Musk will undoubtedly have a sketch on cryptocurrencies that will probably go viral for days and further motivate his army of followers to try to send Dogecoin to the moon.“

Ed Moya, Senior Market Analyst for The Americas at OANDA

On Reddit, reflections on the possible significance of Musk’s hosting of SNL were less muted.

One Reddit user made the unsubstantiated and false claim that Musk and SNL were involved in some sort of complex Dogecoin investment strategy.

“Put on your tin hats people,” he wrote before making some strong and slightly strange claims which cannot be published for very obvious legal reasons.

“Do you have any hope that there will be some educational value in Elon Musk’s Saturday Night Live appearance?” asked one hopeful Reddit user called Excalibug.

“Wouldn’t it be great if he and the writers of the show could explain significance and real world uses of blockchain (apart from making people rich overnight)?”

Not everyone was optimistic.

“Calling it now,” replied CryptoBumGuy.

“Musk won’t say anything about Doge and the price will have a sharp dip.”

Others warned that an Elon Musk Doge shoutout would cause a boom and bust which would send reverberations throughout the crypto economy.

“When Doge crashes, investors that actually thought Doge had potential and wasn’t just a meme are going to hurt the industry. They will take this L and make it seem all crypto is like Doge.

“This could lead to a huge crash for the entirety of the crypto market. Ignorant investors will kill us all.“

Reddit user JinToxi

Jasper Hamill – Crypto News Guest Author