Elon Musk, chief executive officer (CEO) of Tesla, in a tweet on Monday, shares his concerns over the rising rate of inflation as a result of the escalating Russian-Ukraine crisis. However, despite the rising inflation, he would not sell his Bitcoin, Ethereum, or Doge holdings for what it’s worth. Musk reiterates his bullish stance on

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Dogecoin price is showing signs that a massive move is on its way. Well, on-chain metrics are also pointing at a similar outcome. Upon close inspection, this move could most likely favor the bulls. Dogecoin’s time to shine Dogecoin price has dropped roughly 83% from its all-time high and is currently hovering around $0.11. From […]

Dogecoin has been on a downtrend for more than six months now. The meme coin which found favor in the eyes of investors had been able to rally to new highs but has been unable to replicate this success. Nevertheless, this has not been a deterrent for investors who continue to pour money into the digital asset. Most notable have been the whales as they accumulate massive amounts of Doge through its downtrend. Dogecoin Whales Not Giving Up Dogecoin is a long way from its $0.7 all-time high but that does not mean that investors believe that the digital asset is done for. In fact, Dogecoin whales themselves look to be the biggest believers of the meme coin given how much they have bought recently. These whales which hold the majority supply of the digital asset continue to add to their holdings at what can only be described as ‘discount prices.’ Related Reading | Bitcoin Jumps To $40k As Putin Sees “Positive Movement” In Negotiations IntoTheBlock documents cryptocurrencies and what percentages are held by larger wallets. Data from the site shows that Dogecoin whales have been ramping up their buying during the recent downtrend. Dogecoin which had recently crumbled to the $0.11 point saw a significant uptick in trading volume as these large wallets went on a shopping spree. DOGE trading at $0.115 | Source: DOGEUSD on TradingView.com Over a 24-hour time frame, these wallets had raised their holdings by another 6.8% putting the current percentage of Doge held by whales at 66%. It is a significant uptick given the low momentum that has rocked the altcoin of late. Doge has lost more than 60% of its all-time high value, presenting a buying opportunity for those interested. Still Making Money Even at what is categorized as low prices given how high the meme coin had rallied last year, the majority of Dogecoin holders are in no way losing money. IntoTheBlock shows that 54% of all Doge holders are still in profit at current prices. Inversely, 45% of all holders are in the loss territory, so not much of a wide gap from their money-making counterparts. While only 1% remain in the neutral territory. Related Reading | Bitcoin Falls Below $40,000 Trimming The Gains From US Crypto Order As for market sentiment, indicators point to investors being mostly bearish in the digital asset. However, this does not seem to deter the meme coin’s whales as they have added millions of dollars worth of coins to their holdings. This move on the part of whales could point to a recovery trend in the near future. However, with so many investors still bearish, it may require higher accumulation numbers than currently recorded to move the needle that much. Featured image from Laptop Mag, chart from TradingView.com

Leading U.S. movie theater chain AMC has added two meme-inspired cryptocurrencies, Shiba Inu ($SHIB) and Dogecoin ($DOGE) as payment methods, a week before they were scheduled to go live. The move was announced by AMC’s CEO Adam Aron, who in a tweet shared with his over 240,000 followers detailed the movie theater chain was now […]

As previously promised, customers of AMC Theatres, a subsidiary of AMC Entertainment, will now be able to pay with meme coins Dogecoin (DOGE) and Shiba Inu (SHIB)- thanks to a partnership with BitPay, a crypto payment company. The CEO of the world’s most prominent movie exhibition company made the announcement on Twitter today, saying the company is making the move in response to the ‘clear enthusiasm and interest’ shown by customers. Since their inception, communities of both meme coins have been working hard to encourage businesses to accept the tokens as a form of payment. Adopting Dogecoin and Shiba Inu as Crypto Payments A widely acknowledged reality is that the use of cryptocurrencies and blockchain technology in daily life is increasing day by day, and those who refuse to make the transition are falling more and further behind. Following months of promising the new payment option, the firm revealed last year that it had finally implemented cryptocurrency payments for movie tickets. At the time, it only accepted Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Litecoin Cash (LTC), with the promise that DOGE would follow shortly after. A Twitter poll was also created by the company’s CEO, Aaron Adams, to determine if Shiba Inu (SHIB), another famous meme cryptocurrency that just surpassed Dogecoin in terms of market valuation, should be added to the list of supported cryptocurrencies. According to the results of the poll, the majority of the votes were in support of the movie theater chain embracing SHIB. AMC Theatres is not the only US movie theater chain accepting Dogecoin, Shiba Inu, and other cryptocurrencies for payment of movie tickets. Last year, Regal Cinemas, an American movie theater chain based in Knoxville, Tennessee, announced a partnership with Flexa, a digital payments company, to enable customers to pay for tickets and concessions using digital currencies such as Bitcoin, Dogecoin, Ethereum, and Litecoin.

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Since falling from its October highs, Dogecoin (DOGE) kept testing the $0.162-mark multiple times and flipped it to resistance. Since then, it has been marking lower lows until it gravitated towards the $0.11-floor. From here on, a conclusive close above its trendline support (white, dashed) would position DOGE for a re-test near its EMA ribbons […]

Cryptocurrency donations sent to the Ukrainian government and several non-governmental organizations meant to support the country amidst its ongoing war with Russia have topped $50 million across more than 100,000 transactions. According to on-chain analytics firm Elliptic, the Ukrainian government and NGOs supporting the country’s military efforts and humanitarian causes have kept on receiving cryptocurrency donations […]

Dogecoin price has been on a sad slump for the second half of 2021 and most of 2022. The reason for this could be that Shiba Inu, the Dogecoin-killer, drew attention away from it during the peak mania phase in 2021. Regardless, DOGE sits on a delicate level, a breakdown of which could lead to […]

New data reveals that despite the bounce in the broader crypto markets, the majority of Cardano (ADA) and Shiba Inu (SHIB) holders are continuing to nurse losses. To determine which holders are still underwater, crypto intelligence firm IntoTheBlock looks at wallets with a Cardano balance, identifies the average purchase amount of the coins and compares […]

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Dogelon Mars needs no introduction, yet it needs an introduction. Despite being one of the top performers of 2021, the memecoin maintains its value of nothing. The Dogecoin-inspired token might be highly in demand at the moment. Still, its utility is as good as that of any other crypto at the end of the day. […]

AMC theaters confirm when DOGE and SHIB payments will go live according to the CEO Adam Aron so let’s find out more today in our latest Dogecoin news. The CEO of AMC theaters confirmed that the company will introduce DOGE and SHIB payments later this month. After speculating that it will add the two biggest […]

Dogecoin was one of the most popular cryptocurrencies in 2021. It is referred to as a memecoin because it was never meant to be a mainstream asset. However, it rallied, and it rallied better than the expectations of investors. So much so that it was soon among the top ten cryptocurrencies in the world. However, […]