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Dogecoin Price Rising | Key Points | Nov. 20, 2024

Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024

GM. Welcome back toย BitPinas Key Points: crypto news in concise formats for easy reading. In today’s daily recap: Dogecoin continues to rise, so shorts got liquidated.

Plus the latest crypto news stories in the last 24 hours.


Market Analysis and Updates ๐Ÿ“ˆ

Here are the crypto highlights of the day:

Crypto Price Update

  • Bitcoin (BTC): $92,243.66, up 1.6% over the last 24 hours.
  • Ethereum (ETH):ย $3,117.26, down 1.1% over the last 24 hours.
  • Solana (SOL): $236.65, down 1.3% vs the previous day.

Trending Coins Update

  • JUNO: $0.4887, up 238.1% vs the previous day.
  • Bonk: $0.00005, up 7.2% over the last 24 hours.
  • Tezos: $1.02, down 9.9% vs the previous day.
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For the daily price update, check out our post on Facebook.


ONGOING: YGG PLAY SUMMIT

Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024

YGG Play Summit is underway at SM Aura in BGC. Today’s theme is Industry Day:

  • Nov. 20: Industry Day: This is the conference proper of this yearโ€™s YGG event.
    • Co-Founders Gabby Dizon and Beryl Li are onstage along with other key speakers such as Jesse Pollak of Base, Jihoz of Axie Infinity, and Luke Barwikowski of Pixels
    • Also on this day is the premiere night of the Metaverse Filipino Worker film.

To learn more, check out the agenda on the YGG Page.

If you still donโ€™t have a ticket, buy one here.


Dogecoin Shorts Get Rekt

Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024
This is made via AI obviously

Futures traders betting against Dogecoin are feeling the burn as the original meme coin rides Bitcoin’s latest rally to new highs.

Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024

What’s happening:

  • Dogecoin surged to above $0.42 on Tuesday, closely following Bitcoin’s fresh all-time high (which it reached quietly, or perhaps it’s just that it happened while this side of the world is sleeping) of above $94,000.
  • The foremost memecoin is currently at $0.38, and is now up 381% in the past 365 days.
  • The price swing upward resulted in $28.5 million in liquidations as per Coinglass data.
    • One Binance trader reportedly lost over $1 million on a short position, Decrypt reported.
Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024

Why is this happening? Dogecoin has captured outsized attention, partly due to billionaire Elon Muskโ€™s persistent promotion of the coin.

  • Musk, a long-time Dogecoin advocate, has amplified its cultural relevance, jokingly referring to DOGE as a cornerstone of his hypothetical โ€œDepartment of Governmental Efficiency (D.O.G.E.)โ€ in Trump’s future administration.

What’s next: Dogecoin remains a speculative favorite, but with a US administration that has even named one of its new department as DOGE, Dogecoin is perhaps here to stay.


Philippine Crypto News ๐Ÿ‡ต๐Ÿ‡ญ

  • Coins.ph listed the token $LUCE.
  • YGG GAP Season 8 is now live.
  • Coinex Charityโ€™s Campus Tour commences today in Pamantasan ng Lungsod ng Maynila (PLM).

Noteworthy ๐ŸŒŸ

Key updates and announcements from around the crypto and blockchain world:

  • Coinbase CEO Brian Armstrong is set to meet President-elect Donald Trump to discuss key personnel appointments.
  • Trump Media is reportedly in advanced talks to acquire cryptocurrency trading platform Bakkt.
  • Heather Morgan, aka “Razzlekhan,” has been sentenced to 18 months in prison for her role in laundering Bitcoin from the 2016 Bitfinex hack.

Educational Corner ๐ŸŽ“

Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024
  • Gearing up for the year end? Discover Bitcoin predictions from industry leaders for the end of 2024!

Regulation Watch ๐Ÿ“œ

Stay informed about the latest regulatory updates and what they mean for you:

  • The OCC is preparing for spot Bitcoin ETF options trading, with Nasdaq set to list options for BlackRockโ€™s iShares Bitcoin Trust.
  • Nepal’s Financial Intelligence Unit is tackling crypto fraud with monitoring, awareness, and stricter regulations despite a trading ban.
  • Paju city in South Korea is threatening to seize and sell the crypto assets of tax debtors with unpaid taxes.

Community Spotlight ๐Ÿ”ฆ

Photo for the Article - Dogecoin Price Rising | Key Points | Nov. 20, 2024

Meet Stephy (Twitter): She is a prominent figure in the web3 gaming community

  • She is a full-time social media manager for YGG Pilipinas.
  • Stephy creates content featuring various games, exchanges, and wallets.

More Web3 and AI News ๐Ÿ’ก

Discover the latest in web3 and AI innovation.

  • Morpheus, a decentralized AI project, launched on mainnet, offering personal AI agents to tackle issues like centralization and data monopolies.
  • Lido co-founders are launching “Y,” a decentralized blockchain identity platform to compete with World Network.
  • Ethena Foundation approved the activation of its fee switch, allowing revenue sharing with ENA token holders.

Web3 Gaming Section ๐ŸŽฎ

The future of web3 is gaming, and here are the latest news.

  • Super Champs, an Ethereu game, launched its CHAMP token on Coinbase’s Base network.
  • Parallel TCG‘s Aftermath expansion adds 90 new cards, exclusive loot, and new gameplay mechanics.
  • Planet Mojo’s AI agent, EMMA, now manages its X account and boosts gameplay with real-time strategies and task automation.

Event Announcements ๐Ÿ“…

Donโ€™t Miss Out: Upcoming events, webinars, and meetups in the crypto space in the Philippines!

Happening today:

Upcoming events:


Stay Connected:

Weโ€™d love to hear from you! Reply with your thoughts or questions.

This article is published on BitPinas: Dogecoin Price Rising | Key Points | Nov. 20, 2024

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