DOGE, with an $8.3 billion market cap and $167.23 million trading volume, is currently trading at $0.05886. This statue, set to be unveiled on November 2 (Kabosu's birthday), pays homage to the dog that inspired the meme. Honoring the 'Doge' Meme: A DogeCoin community collaborated with local governments to install a statue in Sakura, Japan. This decrease in volatility could be a sign of growing maturity in the meme cryptocurrency. On September 22, DOGE's annualized 30-day realized volatility was recorded at 30%, notably lower than Bitcoin's 35%, according to CoinDesk. Volatility Comparison: Surprisingly, DOGE's volatility levels dwindled during September to the point where it was more stable than Bitcoin. This surge was largely attributed to activity on the South Korean exchange UpBit, which is known for speculative trading against the Korean won. For instance, on July 24, within a 24-hour period, DOGE's price spiked by up to 10%, reaching over $0.077 with a trading volume of $2.3 billion. Recent Updates: Memecoin Roundup Q3 2023 DogeCoin: Price Surges and a StatueĭogeCoin's Q3 Performance: Dogecoin (DOGE) saw an multiple price surges in Q3, fueled by speculations of its role on the newly rebranded X platform. Here are the key updates from their ecosystems in Q3, 2023. These tokens, each with unique identity and community, have continued to make headlines, surprise skeptics, and offer a glimpse into the ever-evolving landscape of cryptocurrencies. They've captured the imagination of investors, traders, and the wider crypto community, proving that sometimes, a little humor and creativity can go a long way in the blockchain space.Īs we wrap up the third quarter of 2023, it's time to take a closer look at five prominent meme coins: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki (FLOKI), and BabyDoge (BABYDOGE). Meme coins have carved out an exclusive niche for themselves in the world of cryptocurrencies. Memecoin Mania: A Q3 2023 Review of DOGE, SHIB, PEPE, FLOKI, and BABYDOGE PEPE experienced rapid growth, however later fell prey to internal team issues, and a controversial token transfer, leading to a market downturn.Some BABYDOGE holders faced impacts from the CoinEx hack. BABYDOGE introduced an AI Image Generator and proposed a significant token burn.Floki teased Valhalla gameplay and outlined Q4 developments whilst showing stability amid challenges.However the protocol also witnessed Robinhood increase its SHIB holdings. Shiba Inu launched Shibarium, but later faced initial technical issues.The community also planned an upcoming meme dog statue. DOGE experienced price surges, reduced volatility.If you people do not see what is going on with this current administration and their predatory actions of injustice, I do not know what to tell you." Crypto analyst Crypto Wendy O expressed concerns, stating: "New York crypto regulator removes $DOGE and $XRP from token ‘greenlist’ in latest update. The DFS's decision has not gone unnoticed. updates the DFS Greenlist, the list of coins and tokens approved for all licensees to list or custody, and the Greenlist process.requires licensees to develop and submit to DFS for approval a coin-delisting policy that is compliant with this proposed guidance and.Heightens risk assessment standards for coin-listing policies and tailors enhanced requirements for retail consumer-facing businesses.The enhancements have been developed through ongoing supervision, and the guidance aligns best practices across all entities,” the statement read.Īs seen in the statement, the guidance published: “Today’s proposed guidance for Coin-listing and guidance on the General Framework for Greenlisted Coins enhances the original framework issued by the Department in 2020 by clarifying DFS’ expectations with respect to the coin-listing and delisting policies of DFS-regulated entities. The new guidance set a higher standard for evaluating the risk of listing and delisting cryptocurrencies. One of the most notable changes is the removal of Ripple (XRP) and Dogecoin (DOGE).ĭFS Superintendent Adrienne Harris announced the updated guidance for the greenlist in a Press Release. The New York Department of Financial Services (DFS) has updated its "greenlist" of approved digital tokens, leading to questions and speculation about the future of cryptocurrency regulations.
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