Bitcoin and Ethereum have risen modestly by 1.2% to 1.6% over the past 24 hours, while the meme token Pepe (PEPE) has surged 77% against the U.S. dollar, with a market cap of $141 million, just $24 million shy of its all-time high valuation. Other top meme coin assets, including Dogecoin and Shibu Inu, have risen by 1.2% to 1.4% today, while Baby Doge Coin has experienced a 10% increase in value over the past day.

In a recent interview with Fox Business reporter Eleanor Terrett, Marshall Hayner, CEO of Metallicus and Board Member of the Dogecoin Foundation, refuted the notion that Dogecoin could be classified as a security.

Dogecoin suffered a big blow on April 20, popularly known as “Dogeday” thanks to the failed test launch of SpaceX’s Starship rocket and downturn in the broader crypto market. 

Dogecoin has started a fresh decline against the US dollar after failing to clear $0.0950. The price is trading below the $0.088 zone and the 100 simple moving average (4 hours), with initial support on the downside near the $0.0825 level. The next major support is near the $0.080 level, and a break below that could lead to further declines toward the $0.0765 level. On the upside, the price is facing resistance near the $0.0855 level, and a close above the $0.0885 resistance might send the price toward the $0.092 resistance, with the next major resistance near $0.0950. The MACD for DOGE/USD is gaining momentum in the bearish zone, while the RSI is now below the 50 level. (newsbtc)

Love Hate Inu, the sensational meme coin that's taking the crypto world by storm has raised a staggering $5 million in its ongoing presale as eager investors snap up its $LHINU tokens.

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.