The US Dollar Index has been trending up for the past five days, which will have something to do with why Bitcoin is in the doldrums this week.

But never mind that, the crypto buzz over the past 24 hours or so appears to be around Dogecoin amid speculation Elon Musk is planning on integrating it heavily somehow into his rebranded X social media “everything app” platform.

Please, not another dog coin meme season… Is it happening already? Yep, there are signs.

Never mind that DOGE itself is easily the top percentage performer (+9.2%) in the top 10 crypto majors overnight in a pretty deflated week for crypto prices, but something called HarryPotterobamaSonic10Inu is going ballistic (+94%).

Yep, sorry to subject you to that. Is it a dog coin? It’s tacked “Inu” on the end, so suppose so. Otherwise, you’d best do your own research on it, because it’s actually making our heads hurt to even try.

But back to Dogecoin for a minute, which almost seems entirely sensible these days and even a bit boring in comparison to some of the weirder, whackier, more desperate-for-attention stuff out there in crypto meme land.

The word is (in part backed up by Musk’s oft-stated love of DOGE plus his signalling of the crypto’s symbol on his X profile) that the eccentric tech billionaire is gearing up to turn the rebranded social-media app into a broader-service platform that’s conducive to making digital payments – very much including crypto.

Popular pseudonymous crypto analyst Kaleo (594k Twitter X followers) is certainly predicting the DOGE integration into X, along with a decent move up in price.

Before that, move (above US$0.10 Kaleo reckons), however, he’s predicting a dip back in price for the leading dog coin. Why? Because, well, he says so. So take it for what it is, speculation, and with a grain of salt.

“In the meantime, Dogecoin cools off a bit and catches up with the blood we’re seeing across the rest of the market,” noted Kaleo. “Why? People are impatient and they want immediate results. Rumors and hope only holds up for so long in a bear market.

“So, I think it’s a pretty solid move to continue to accumulate on any dips we get from here. The charts continue to look great, and should even after a minor correction. Just gotta be a little patient.”

 

Top 10 overview

With the overall crypto market cap at US$1.22 trillion, down 2.3% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

 

Uppers and downers

Some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

PUMPERS (11-100 market cap position)

• Maker (MKR), (market cap: US$1.02 billion) +6%

• Theta Network (THETA), (market cap: US$834 million) +5%

• Shiba Inu (SHIB), (market cap: US$4.66 billion) +3%

• Compound (COMP), (market cap: US$446 million) +3%

 

SLUMPERS (11-100 market cap position)

• Flex Coin (FLEX), (market cap: US$371 million) -7%

• XDC Network (XDC), (market cap: US$751 million) -5%

• Casper Network (CSPR), (market cap: US$420 billion) -5%

• Synthetix (SNX), (market cap: US$857 million) -4%

 

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

Well, despite the dip in Bitcoin and crypto broadly so far this week, we’re still seeing positive vibes here and there. More “chop-solidation” for the rest of the year, as we very slowly cut our way through an intense macro-dominated period? Very possibly.

https://twitter.com/BitcoinMagazine/status/1683808922748977153

Read MoreBitcoinCryptocurrency

You might be interested in