Why Dogecoin, DOT, AVAX might not be a good option for your portfolio

Cryptocurrency markets so far this year have seen a significant uptrend, which many have considered a reward for surviving the aftermath of the collapse of Terra-Luna in May 2022 and the significant losses caused by the unexpected fallout of cryptocurrency exchange FTX in November 2022.

Timeline of Avalanche, Dogecoin, Polkadot-new

Dogecoin price analysis for February 12, 2023, shows the meme cryptocurrency following an increasing movement for the last 48 hours. The price rose from $0.0799 to $0.0828 on February 11, 2023.

Mark Yusko, the Founder, CEO and Chief Investment Officer of SEC-registered investment advisor Morgan Creek Capital Management, LLC, shared his thoughts on $DOGE and $SHIB in a recent interview.

  Amid the new year recovery in the crypto market, the Dogecoin price shows the formation of a rising channel pattern. This pattern consists of two ascending trendlines directing which is sustained currently in an asset.

Retail trading giant Robinhood now holds more than $2.8 billion worth of Dogecoin (DOGE) for its customers, according to Dogecoin Whale Alert. The DOGE-transaction tracker reports that the trove in Robinhood's custody now represents 25.17% of Dogecoin's circulating supply.

SEC Commissioner Hester Peirce has strongly criticized the agency's recent decision to target the crypto exchange Kraken, forcing the company to scrap its popular staking program and pay a $30 million fine.  What Happened: In an official letter of dissent, Peirce strongly objects to the SEC's repeated attempts to regulate the industry through enforcement.

Morgan Creek Capital CIO Mark Yusko is blasting dog-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB), asserting they have no value. In a new interview with Blockworks, the crypto veteran says that, in his opinion, the two tokens should go to zero.

Although a large part of the crypto community considers memes to have little to no utility, Dogecoin [DOGE] and Shiba Inu [SHIB] have proven to be of service in other areas. One space where these dog-themed cryptocurrencies have continued to excel in is ‘liquidity.

Chainlink rallied to a three-month high during Thursday's session, despite a red wave sweeping through cryptocurrency markets. Today's surge came as the token broke out of a key resistance level. Dogecoin, on the other hand, was victim to today's market sell-off, falling to a ten-day low in the process.

Dogecoin, the popular meme currency, has seen a series of large transfers worth approximately $10 million, but the destination of the funds remains a mystery. The last transaction received by the Dogecoin whale contained $883,000 worth of DOGE coins and marked the end of a series of large transfers.

A pseudonymous crypto analyst said on Twitter that he is confident that Dogecoin (CRYPTO: DOGE) is about to ‘rage pump'. What Happened: At the time of writing, DOGE was trading at $0.088, down 3.79% in the last 24 hours.