Dogecoin

Coin

<ul class="news-points">
 <li>Dogecoin’s price drops to $0.1149 amid market fluctuations.</li>
 <li>BitMEX introduces MEMEMEXTUSDT, akin to the S&amp;P500 for memecoins.</li>
 <li>The new index aims to simplify trading and enhance liquidity.</li>
</ul>
Dogecoin, a long-standing emblem of meme-driven crypto trading, faces a bearish trend that contrasts with recent market innovations, notably BitMEX’s launch of the MEMEMEX Basket Index.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcW93Q3InbZiaXml1C3VFljHkStL3gZQ_VF7zqElj4lEv5GleFftwtzqxW8jJjzXgwO0lrbXML7AMSfqCfwcHpV6_eu8GWzJCEyccQPLIdB7nvoQbEVPE8D3E9a_jzBPoj-ImS7yDQs-BUPuI5NmN9SEym5?key=j2rCO9ZoL14j32_TdEU3Sg" alt="">
</figure>
Source: <a href="https://in.tradingview.com/chart/?symbol=COINBASE%3ADOGEUSD" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>
Despite its historic gains, Dogecoin is currently trading at approximately $0.1149, down 5.29% in the past 24 hours. Its market cap stands at $16.66 billion, positioning it as the <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">ninth-largest</a> cryptocurrency, even with a notable 27.37% decline over the past month. Technical indicators offer mixed signals, with most moving averages suggesting continued decline, while the MACD hints at a buy signal.
Even as Dogecoin struggles, BitMEX unveiled the <a href="https://blog.bitmex.com/mememextusd/" target="_blank" rel="noopener noreferrer nofollow">MEMEMEX Basket Index</a> on June 27, 2024. Touted as the S&amp;P 500 for meme coins, this perpetual swap contract allows trading of leading meme coins like Dogecoin, SHIB, and PEPE, consolidated into a single USDT-margined contract with up to 25x leverage.
BitMEX’s…
The post <a href="https://coinedition.com/dogecoin-dying-bitmexs-mememex-could-be-the-meme-coin-lifeline-you-need/" rel="noopener noreferrer nofollow">Dogecoin Dying? BitMEX’s MEMEMEX Could Be the Meme Coin Lifeline You Need</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Dogecoin Dying? BitMEX’s MEMEMEX Could Be the Meme Coin Lifeline You Need

Coin Edition

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