Dogecoin rebounded from Wednesday’s drop, with the meme coin briefly climbing back above $0.090 in today’s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.

While most of the cryptocurrencies continue to experience a slump this week, meme coin Dogecoin, the eighth largest digital asset, is defying the trend by increasing almost 6% in the past week, according to CoinGecko.

A recent CNBC article explored the possibility of Shiba Inu (SHIB) surpassing Dogecoin (DOGE) in market capitalization next year. The article considered the utility and on-chain data about both assets. While DOGE currently has a market cap of $12.59 billion and SHIB has a market cap of $6.42 billion, the report noted that SHIB has a broader range of utilities than DOGE, including decentralized exchange ShibaSwap, the Shiba Inu Metaverse, games like Shiba Eternity, and the highly anticipated Shibarium layer-2 solution. On-chain metrics, such as daily active addresses, show DOGE's significant lead over SHIB, but SHIB shows promise due to its strong community support and diverse use cases. The report did not rule out the possibility of SHIB surpassing DOGE at a later time.

SpaceX CEO and Dogecoin enthusiast Elon Musk announced on Tuesday that the company is targeting April 20 for a test flight of its Starship rocket.

PeckShieldAlert, a leading blockchain security company, has warned about a phishing site and a fake Twitter account related to the newly emerged Pepe (PEPE) meme coin. The Twitter account (@pepecoineth_) is fraudulent, and the link, "pepecoin. vip," is a phishing website.

Twitter CEO Elon Musk has announced plans to change the company's name to X Corp. next month and turn the platform into an "everything app" similar to China's WeChat. Court filings showed that Twitter has merged with X Corp. and no longer exists as a separate entity, but the social media service will continue to be known as Twitter. Musk has hinted at integrating Dogecoin into the platform, which has led to a surge in the cryptocurrency's price. Dogecoin is currently trading at $0.0933, up 2% in the last 24 hours. (coingape)

Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved higher for a fifth straight session, despite the cryptocurrency market falling by 1.54% as of writing. Avalanche also climbed, hitting a two-month high.

Digitoads, a relatively new cryptocurrency, has seen a significant surge in price and market capitalization in recent weeks, surpassing the more well-known Dogecoin and Shiba Inu cryptocurrencies in terms of growth. Digitoads is a decentralized finance (DeFi) platform that aims to provide users with a range of financial services, including lending, borrowing, and trading.

The successful rollout of the Shapella upgrade on Ethereum has led to a surge in ether and other alternative cryptocurrencies, fueling the "alt season" narrative on Crypto Twitter. Ether gained over 10% in the past 24 hours, trading at 11-month highs above $2,120 during Asian trading hours. The Shapella upgrade allowed users to stake and unstake tokens from the network at will, improving the network's overall outlook. Governance tokens of liquid staking protocols like Lido and Rocket Pool saw outsized gains, with Lido's staked ether tokens (STETH) climbing into the top ten cryptocurrencies by market capitalization of $12 billion. The ability for users to withdraw their tokens will support healthy competition across platforms and providers, according to Valerie Tetu, head of strategy at Lido Finance. Dogecoin also gained for the second-straight day, potentially due to eToro's announcement that it would offer crypto trading directly from Twitter. Cardano surged nearly 9% on the back of fundamental growth in the Cardano network, such as wider support for decentralized application development. Some market observers expect the rally to continue over the next few weeks.

Dogecoin has found support near $0.080 against the US dollar and is now trading above the $0.085 zone and the 100 simple moving average (4 hours). A key bullish trend line is forming with support near $0.0840 on the 4-hours chart of the DOGE/USD pair. The price could rise further towards the $0.10 resistance if Ethereum and Bitcoin extend gains. On the upside, the price is facing resistance near the $0.0928 level, and a close above this could send the price towards the $0.098 resistance and then to the $0.10 level. On the downside, initial support is near the $0.086 level, followed by major support near the $0.084 level and the trend line. (newsbtc)

Bloomberg Intelligence Senior Macro Strategist Mike McGlone sounded the alarm on the potential perils of investing in meme cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), amidst a brewing economic storm.

Dogecoin (DOGE), the original meme cryptocurrency, is currently the best performing digital asset in the top 20 cryptocurrencies list. DOGE is currently trading at $0.088, up over 6% in the last 24 hours, according to CoinGecko.

Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session.

Dogecoin has risen 5.89% following Twitter's deal with eToro to offer crypto trading. Twitter CEO Elon Musk has often touted dogecoin as one of his favorite cryptocurrencies, dedicating a segment to it on an appearance on Saturday Night Live in 2021. Twitter also briefly changed its logo to the dogecoin logo last week to spur a rally that gained as much as 37% for some traders. The popular meme coin had previously slumped by 22.64% as the hype surrounding Twitter's logo change subsided. It is currently trading at $0.0877.