Doge

Shiba Inu, Dogecoin: The Most Popular Cryptocurrencies in Google USA during November

Anyone who thinks meme cryptocurrencies are ineffective at the moment might need to rethink their beliefs. Recent research suggests that people in many parts of the United States are more interested in meme coins with puppy themes, such as Shiba Inu or Dogecoin, than the major financial revolution projects. Although Bitcoin and Ether occupy more…

Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of Americans, trending in 30 of the 50 United States.

Dogecoin Takes Half of The United States

According to a study by research firm The Advisor Coach covered by Business Insider, there was an average of 7 million searches for content about Dogecoin last month. This level of interest is higher than the averages for Ethereum and Bitcoin combined. Business Insider says this spike could be linked to the Dogefather’s influence:

“The rise in interest can be partially attributed to the endorsement of Elon Musk who stated earlier in the year that Tesla would accept dogecoin as a form of payment,”

And although the popular financial publication The Motley Fool catalogs Dogecoin as a “hyped token with virtually no real-world utility,” it seems that things could change in the near future with a series of capital investments and Elon Musk’s interest in improving Doge’s code to adapt it to global usability standards.

Dogecoin is the most popular currency in 23 American states, including Florida, Hawaii, New Jersey, and Arizona. In fact, the United States is the country with the most overall searches for Dogecoin, with 97 points out of 100 in Google Trends, second only to Turkey – which has a fraction of the population.

Shiba inu Wants to Be The Alpha Dog

Shiba Inu follows closely. The Dogecoin spinoff is dominating searches in California (the U.S. technology hub), Washington, Nevada and Wyoming, Texas, North Carolina and North Carolina.

Just as a contrast, Bitcoin reigns in 10 states and Ethereum in 8. Cardano is Colorado’s favorite.

Most searched cryptocurrencies in the United States. Image: Business Insider

The meme cryptocurrency market emerged as a social phenomenon during the coronavirus epidemic. Although they don’t have significant fundamentals, cryptocurrencies such as Dogecoin and Shiba Inu were able to benefit from multiple pumps on social media.

However, Dogecoin and Shiba Inu have grown so much that they have conquered a spot in the Top 10 of cryptocurrencies with the largest market capitalization. As of right now, Dogecoin is on the 10th spot and Shiba Inu on number 12.

Considering that money’s main component (its value and acceptance), is subjective, it might be time to reexamine views and consider memecoins more seriously.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

Doge

Dogecoin (DOGE) Jumps 5% Daily, Bitcoin (BTC) Rises Above $61K (Weekend Watch)

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000. The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps. BTC Above $61K Last weekend went under the rule of the…

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000.

The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps.

BTC Above $61K

Last weekend went under the rule of the bears as they pushed the primary cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The landscape worsened on Monday, and the price plunged massively to $49,500, which became BTC’s lowest position in about half a year.

However, the asset started to recover some ground in the following days. This culminated on Friday morning with a surge to almost $63,000, meaning that bitcoin had reclaimed more than $13,000 in value in less than a week.

Nevertheless, the cryptocurrency failed to maintain its run and retraced by a few grand. Since then, the market has been choppy, but BTC has managed to remain above $61,000 in the past 24 hours.

Its market capitalization has risen above $1.2 trillion, while its dominance over the alts has declined slightly after the recent multi-year milestone and is just under 54% now.

Bitcoin/Price/Chart 11.08.2024. Source: TradingView

DOGE Shoots Up

Most altcoins have charted some gains in the past 24 hours, led by the largest meme coin. DOGE has shot up by 5% and has tapped $0.11 for the first time in days. Binance Coin is the other impressive gainer from the larger-cap alts, having surged by just over 4%. As a result, BNB sits above $530 now.

ETH, SOL, XRP, ADA, AVAX, SHIB, and BCH are also slightly in the green, while TON is the other larger-cap alts in the red.

Aptos and FET are the two top performers from the mid-cap cohort, with gains of 7% and 9%, respectively.

The total crypto market cap has added about $20 billion overnight and is at $2.245 trillion on CG now.

Cryptocurrency Market Overview. Source: QuantifyCrypto

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Doge

This Popular Analyst Remains a Dogecoin (DOGE) Holder and Expects a New ATH Soon: Details

TL;DR Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns. Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend. Not Selling a Single Coin The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well…

TL;DR

Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns.
Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend.

Not Selling a Single Coin

The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well in the last week, witnessing a 7% price increase. In the past few days though, it briefly lost the momentum, with its price slipping to around $0.12 before spiking to $0.13 again (CoinGecko’s data).

According to the popular X user Ali Martinez, though, those price swings are part of a bullish path that could take DOGE to a new all-time high in the following months. He noted that the meme coin consolidated in a descending triangle in 2016 and 2021, followed by a triple-digit price rally later. The situation looks quite the same now, with Ali Martinez expecting a similar surge in the near term:

“Dogecoin is playing the same pattern we’ve seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run.”

The trader also admitted that he has only been buying more DOGE tokens as of late, not parting with a single one.

Other analysts envisioning a bright future for the meme coin include the X user Mags and KALEO. The former chipped in last month, claiming that the accumulation phase was over and it soon might be followed by a “parabola” stage that could push the price above $1.

For their part, KALEO argued that DOGE has the “secret” power to move sideways for extended periods, followed by “rapid, vertical growth.” The analyst went further, predicting that it may even outpace Bitcoin (BTC).

This Metric Signals an Uptrend

The DOGE Relative Strength Index (RSI) also suggests an incoming rally. It measures the change and speed of price movements, varying from 0 to 100. A ratio above 70 indicates a correction might be imminent, while lower points hint about an uptick. Currently, the RSI stands at 50.

It is worth noting that the metric hovered in approximately the same zone at the end of March and the beginning of April when DOGE’s valuation jumped above $0.22.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Doge

Big Binance Announcement for Shiba Inu (SHIB) and Dogecoin (DOGE) Traders: Details

TL;DR Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards. The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform. ‘Battle of the Meme’ The world’s largest cryptocurrency exchange – Binance – introduced an interesting…

TL;DR

Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards.
The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform.

‘Battle of the Meme’

The world’s largest cryptocurrency exchange – Binance – introduced an interesting initiative called “Battle of the meme: Doge vs Shiba Inu.” According to the terms, users can join the Dogecoin team or the rival one to complete daily missions and accumulate points.

“After the Activity concludes, we will calculate which team has accumulated the highest number of points on a collective basis,” the company said.

The winning team’s first 50,000 participants will each receive a reward up to $50. The losing team’s first 20,000 participants will also pocket similar rewards.

The top 25 users from the winning side (those who have the highest trading volume during the Promotion Period) will receive an additional $200 reward.

“Only users who confirm their participation in the Activity will be eligible for reward(s).To be considered an eligible participant, users must fulfill all the requirements during the Promotion Period,” the conditions read.

Participants must accumulate at least 3,000 activity points in total to be eligible for the giveaway. The winning team will be crowned on July 29.

Binance will hand out the rewards in the form of token vouchers within 30 business days after the end of the initiative. Eligible users should claim the vouchers within 15 days of distribution.

Binance and Meme Coins

This is not the first promotion the exchange has unveiled for meme coin traders. In April, it promised a total reward of 10,000 FDUSD (in token vouchers) to all users who have not traded on Binance Spot in the last 90 days.

To join the offering, eligible users had to accumulate a total trading volume of at least $100 on certain pairs such as SHIB/EUR, SHIB/USDT, DOGE/BTC, WIF/FDUSD, PEPE/FDUSD, PEPE/TRY, FLOKI/TRY, and many more.

In the following months, the company showed additional support to some popular meme coins. In June, it added WIF/EUR to Binance Spot and allowed trading bots services for the pair.

Earlier this week, the firm went even further, saying it will introduce WIF/USD perpetual contracts on July 23. These financial products allow users to speculate on the price movements of the underlying cryptocurrencies without owning them. They offer high leverage, don’t have an expiration date, and require traders to maintain a specific margin to keep positions open.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!