{"id":394514,"date":"2024-05-24T17:00:52","date_gmt":"2024-05-24T11:30:52","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=394514"},"modified":"2024-05-24T16:51:02","modified_gmt":"2024-05-24T11:21:02","slug":"dogecoin-drops-as-doge-community-bids-kabosu-farewell","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-drops-as-doge-community-bids-kabosu-farewell\/","title":{"rendered":"Dogecoin drops as DOGE community bids &#8216;Kabosu&#8217; farewell"},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><em>Dogecoin&#8217;s price fell following the news of Kabosu\u2019s passing, reflecting the sentimental impact.<\/em><\/li>\n<li aria-level=\"1\"><em>A memorial for Kabosu is planned, highlighting her significant influence in the cryptocurrency sector.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kabosu, the Shiba Inu dog whose curious expression sparked the meme that gave rise to <a href=\"http:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a>, has <\/span><a href=\"https:\/\/kabochan.blog.jp\/archives\/51831907.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">passed away<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> The iconic image that launched a thousand memes was first shared by Kabosu\u2019s owner, Atsuko Sato, in 2010 on her personal blog. The photograph, which captured Kabosu\u2019s peculiar, skeptical look, quickly resonated with internet users worldwide.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accompanied by humorous, misspelled captions in Comic Sans, the image of Kabosu evolved into the &#8220;Doge&#8221; meme, embedding itself deeply into internet culture. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The meme eventually inspired the creation of Dogecoin in 2013. Initially conceived as a joke, the cryptocurrency adopted Kabosu\u2019s visage as its logo, symbolizing the light-hearted spirit of the project.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite its comedic origins, <a href=\"http:\/\/ambcrypto.com\/shiba-inu-dogecoin-left-behind-will-pepe-be-the-new-memecoin-king\/\" target=\"_blank\" rel=\"noopener\">Dogecoin<\/a> gained substantial traction and utility, supporting various charitable causes and sporting events. It became the progenitor of a new category of digital assets known as memecoins, influencing other major tokens like Shiba Inu and Floki.<\/span><\/p>\n<h4><strong>How is Dogecoin handling the loss?<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Following the announcement of Kabosu\u2019s passing on 24th May, Dogecoin experienced a notable downturn in its market price, with a 6.2% decrease over the last 24 hours, positioning the price at $0.1568.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This recent fluctuation occurred amidst broader discussions within the community about the memecoin\u2019s future and its role in the crypto ecosystem. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kabosu\u2019s death marks not just the end of an era for the Dogecoin community but also casts reflections on the volatility and sentimental value driving the memecoin sector.<\/span><\/p>\n<figure id=\"attachment_394532\" aria-describedby=\"caption-attachment-394532\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024.png\"><img decoding=\"async\" class=\"wp-image-394532 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-09.52.22-24-May-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-394532\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Meanwhile, looking into Dogecoin\u2019s notable metrics, market <\/span><a href=\"https:\/\/app.santiment.net\/charts\/rlPVuhgA__sCl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> from Santiment revealed a significant drop price volatility from its peak in March, indicating a stabilization in its trading patterns. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While decreased volatility might suggest a maturing market, it also diverges from the traditionally erratic price movements expected of a memecoin.\u00a0<\/span><\/p>\n<figure id=\"attachment_394533\" aria-describedby=\"caption-attachment-394533\" style=\"width: 2422px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58.png\"><img decoding=\"async\" class=\"wp-image-394533 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58.png\" alt=\"\" width=\"2422\" height=\"805\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58.png 2422w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58-300x100.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58-1024x340.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58-768x255.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58-1536x511.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58-2048x681.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.54.58-1200x399.png 1200w\" sizes=\"(max-width: 2422px) 100vw, 2422px\" \/><\/a><figcaption id=\"caption-attachment-394533\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Despite these market dynamics, <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/DOGE\/deep-dive?group=financials&amp;chart=inAndOut\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> from IntoTheBlock shows that the majority of Dogecoin holders are currently seeing profits, with 83% in the green. Conversely, 13% are experiencing losses, while a mere 4% are breaking even at current market prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This financial landscape emerges amid a notable lack of volatility in Dogecoin&#8217;s large transaction (whale) activity, highlighting a period of consolidation within this metric.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Specifically, IntoTheBlock data reveals no significant spikes in whale transactions, indicating a relatively stable trading environment for DOGE.<\/span><\/p>\n<figure id=\"attachment_394534\" aria-describedby=\"caption-attachment-394534\" style=\"width: 2399px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56.png\"><img decoding=\"async\" class=\"wp-image-394534 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56.png\" alt=\"\" width=\"2399\" height=\"947\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56.png 2399w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56-300x118.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56-1024x404.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56-768x303.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56-1536x606.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56-2048x808.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-24-at-09.58.56-1200x474.png 1200w\" sizes=\"(max-width: 2399px) 100vw, 2399px\" \/><\/a><figcaption id=\"caption-attachment-394534\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<h4><strong>Dogecoin&#8217;s technical projections<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Technical analysis of Dogecoin&#8217;s chart indicates a potential retracement, as the cryptocurrency recently traded above a previous lower high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specifically, the 4-hour chart suggests that DOGE may continue to decline to the $0.13 level to test a key demand level before potentially rebounding to resume its uptrend.\u00a0<\/span><\/p>\n<figure id=\"attachment_394536\" aria-describedby=\"caption-attachment-394536\" style=\"width: 2770px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35.png\"><img decoding=\"async\" class=\"wp-image-394536 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35.png\" alt=\"\" width=\"2770\" height=\"1496\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35-300x162.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35-1024x553.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35-768x415.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35-1536x830.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35-2048x1106.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-24_10-03-35-1200x648.png 1200w\" sizes=\"(max-width: 2770px) 100vw, 2770px\" \/><\/a><figcaption id=\"caption-attachment-394536\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This analysis aligns with a recent report from AMBCrypto, which posits that a break past the resistance levels at $0.1698 and $0.1844 would <\/span><a href=\"http:\/\/ambcrypto.com\/dogecoin-is-a-major-rally-coming-key-levels-that-say-yes\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">confirm a bullish movement for Dogecoin<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Amidst these market speculations, the Dogecoin community and Kabosu\u2019s followers prepare to honor her memory. A memorial ceremony for Kabosu is scheduled to take place at Flower Kaori in Kotsu no Mori, Narita City.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The event will provide an opportunity for those touched by Kabosu\u2019s story to celebrate her life and impact, which transcended the digital world to create a lasting imprint on both cryptocurrency and internet history.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kabosu, the Shiba Inu behind the Doge meme and Dogecoin logo, has passed away, impacting Dogecoin&#8217;s market.<\/p>\n","protected":false},"author":89,"featured_media":394548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6387,5824,66,3,4,20],"tags":[6425],"class_list":["post-394514","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - 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