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Dogecoin and Shiba Inu Rise on Musk Tweet, But is it Sustainable?
$DOGE dogecoin and Shiba Inu $SHIB , the popular meme coins, witnessed a price surge on Friday following a tweet by Tesla CEO Elon Musk. The tweet, a tribute to Kabosu, the Shiba Inu dog who became the face of Doge memes, sent ripples through the crypto market.
Doge and Shiba See Short-Lived Spike
DOGE jumped 5% to $0.17 within minutes of the tweet, while SHIB rose nearly 3%. However, these gains were short-lived, with both currencies retracing some of their gains.
Outperforming the Market
Despite the pullback, DOGE and SHIB closed the day positive. DOGE was up 6% over the past 24 hours, while SHIB gained 1%. This outperformed the broader cryptocurrency market, which remained largely flat.
Musk's Meme Coin Mojo
This incident highlights Elon Musk's continued influence on the meme coin market. His tweets have historically been known to move the price of DOGE. There's speculation that Musk himself may be a large DOGE holder and could potentially integrate the token into his ventures like Tesla or X.com.
Will the Rally Last?
The question remains: can this momentum be sustained? Analysts are cautious. The price surge was likely driven by emotional response to Musk's tweet rather than any fundamental shift in the value proposition of these meme coins.
DOGE vs. SHIB: A Battle of Doggos
Looking ahead, competition within the meme coin space is another factor to consider. While DOGE remains the king of meme coins, SHIB is vying for a piece of the pie. The relative scarcity of SHIB compared to DOGE's unlimited supply could play a role in future price movements.
The Verdict: A Volatile Ride
The future of DOGE and SHIB remains uncertain. While these meme coins have a passionate community, their long-term success hinges on factors beyond Elon Musk's tweets. Investors should be wary of the inherent volatility associated with these assets and conduct thorough research before investing.
$DOGE dogecoin and Shiba Inu $SHIB , the popular meme coins, witnessed a price surge on Friday following a tweet by Tesla CEO Elon Musk. The tweet, a tribute to Kabosu, the Shiba Inu dog who became the face of Doge memes, sent ripples through the crypto market.
Doge and Shiba See Short-Lived Spike
DOGE jumped 5% to $0.17 within minutes of the tweet, while SHIB rose nearly 3%. However, these gains were short-lived, with both currencies retracing some of their gains.
Outperforming the Market
Despite the pullback, DOGE and SHIB closed the day positive. DOGE was up 6% over the past 24 hours, while SHIB gained 1%. This outperformed the broader cryptocurrency market, which remained largely flat.
Musk's Meme Coin Mojo
This incident highlights Elon Musk's continued influence on the meme coin market. His tweets have historically been known to move the price of DOGE. There's speculation that Musk himself may be a large DOGE holder and could potentially integrate the token into his ventures like Tesla or X.com.
Will the Rally Last?
The question remains: can this momentum be sustained? Analysts are cautious. The price surge was likely driven by emotional response to Musk's tweet rather than any fundamental shift in the value proposition of these meme coins.
DOGE vs. SHIB: A Battle of Doggos
Looking ahead, competition within the meme coin space is another factor to consider. While DOGE remains the king of meme coins, SHIB is vying for a piece of the pie. The relative scarcity of SHIB compared to DOGE's unlimited supply could play a role in future price movements.
The Verdict: A Volatile Ride
The future of DOGE and SHIB remains uncertain. While these meme coins have a passionate community, their long-term success hinges on factors beyond Elon Musk's tweets. Investors should be wary of the inherent volatility associated with these assets and conduct thorough research before investing.
Hello folks 👋
#Notcoin👀🔥
The Trendline Breakout Has Confirmed☑️
Expecting Massive Bullish Wave In Coming Days
$NOT
#Notcoin👀🔥
The Trendline Breakout Has Confirmed☑️
Expecting Massive Bullish Wave In Coming Days
$NOT
This could be huge for $NOT ! Catizen now has over 9 million users on the TON ecosystem, and it's still growing. Plus, they just announced they burned 5 million $NOT coins last week. TON ecosystem seems like it's going to be big, so I'm investing in TON and $NOT early. Everyone should consider jumping in now!
Toncoin (TON) has been doing really well lately, especially in May, with a 50% increase. There are a few reasons behind this surge:
- Pantera Capital's investment in TON ecosystem, thanks to its connection with Telegram, boosted confidence in the market. With Telegram's huge user base of 900 million monthly users, Toncoin has a lot of potential for widespread adoption.
- Toncoin's price also got a boost from technical factors, bouncing back after hitting key support levels. This bounce was supported by indicators like the 50-day EMA and Fibonacci retracement levels.
Notcoin (NOT) is another digital currency on Telegram, introduced through a play-to-earn game. Here are some reasons why it's promising:
- Over 34.5 million people are playing the Notcoin mining game, showing it can attract and keep a large user base, which is crucial for a cryptocurrency's success.
- Notcoin runs on the TON blockchain, so it benefits from its strong infrastructure and security features, making it credible and stable in the market.
#NOT
Toncoin (TON) has been doing really well lately, especially in May, with a 50% increase. There are a few reasons behind this surge:
- Pantera Capital's investment in TON ecosystem, thanks to its connection with Telegram, boosted confidence in the market. With Telegram's huge user base of 900 million monthly users, Toncoin has a lot of potential for widespread adoption.
- Toncoin's price also got a boost from technical factors, bouncing back after hitting key support levels. This bounce was supported by indicators like the 50-day EMA and Fibonacci retracement levels.
Notcoin (NOT) is another digital currency on Telegram, introduced through a play-to-earn game. Here are some reasons why it's promising:
- Over 34.5 million people are playing the Notcoin mining game, showing it can attract and keep a large user base, which is crucial for a cryptocurrency's success.
- Notcoin runs on the TON blockchain, so it benefits from its strong infrastructure and security features, making it credible and stable in the market.
#NOT
🚀 **Unlock the Next Big Opportunity in Altcoins!** 🚀
**Looking to supercharge your crypto portfolio?** Now's your chance to grab the hottest altcoins during this market correction and position yourself for massive gains! 🌟
**Why You Should Act Now:**
🔹 **Top Picks:** Add **PEPE, FLOKI, and DOGE** to your portfolio—these altcoins are poised to surge soon!
🔹 **Market Timing:** Take advantage of the current market correction to buy low and maximize your returns.
🔹 **Dual Impact:** Not only will you invest in promising altcoins, but you'll also be supporting a noble cause!
**Here's the Best Part:**
For every purchase from my tags, I'm committed to doing something special for the poor and homeless. Together, we can make a significant impact both in the market and in the world.
**Why PEPE, FLOKI, and DOGE?**
- **PEPE:** A rising star with a strong community and innovative projects.
- **FLOKI:** Inspired by Elon Musk’s pet, it’s quickly gaining traction and popularity.
- **DOGE:** The legendary meme coin with a massive following and real-world use cases.
**Seize the Moment:**
🌟 **Act Fast:** Don’t miss out on this dual opportunity to grow your investments and contribute to a greater cause.
🌟 **Invest in a Brighter Future:** By adding these altcoins to your portfolio, you're not just aiming for financial success, but also helping those in need.
**Join the Movement:** #PEPE #FLOKI #DOGE #CryptoForGood #InvestWithPurpose
Let's make a difference together. Invest smartly, support a cause, and watch your future brighten. The time to act is now!
$DOGE $FLOKI $PEPE
**Looking to supercharge your crypto portfolio?** Now's your chance to grab the hottest altcoins during this market correction and position yourself for massive gains! 🌟
**Why You Should Act Now:**
🔹 **Top Picks:** Add **PEPE, FLOKI, and DOGE** to your portfolio—these altcoins are poised to surge soon!
🔹 **Market Timing:** Take advantage of the current market correction to buy low and maximize your returns.
🔹 **Dual Impact:** Not only will you invest in promising altcoins, but you'll also be supporting a noble cause!
**Here's the Best Part:**
For every purchase from my tags, I'm committed to doing something special for the poor and homeless. Together, we can make a significant impact both in the market and in the world.
**Why PEPE, FLOKI, and DOGE?**
- **PEPE:** A rising star with a strong community and innovative projects.
- **FLOKI:** Inspired by Elon Musk’s pet, it’s quickly gaining traction and popularity.
- **DOGE:** The legendary meme coin with a massive following and real-world use cases.
**Seize the Moment:**
🌟 **Act Fast:** Don’t miss out on this dual opportunity to grow your investments and contribute to a greater cause.
🌟 **Invest in a Brighter Future:** By adding these altcoins to your portfolio, you're not just aiming for financial success, but also helping those in need.
**Join the Movement:** #PEPE #FLOKI #DOGE #CryptoForGood #InvestWithPurpose
Let's make a difference together. Invest smartly, support a cause, and watch your future brighten. The time to act is now!
$DOGE $FLOKI $PEPE
Cardano Founder: Crypto Industry No Longer Needs Bitcoin (BTC)!
Charles Hoskinson, founder of popular altcoin Cardano (ADA), criticized Bitcoin supporters and likened the leading cryptocurrency to a religious symbol. According to Hoskinson, the modern crypto industry has overcome its dependence on Bitcoin and no longer needs BTC.
Successful investor Charles Hoskinson pointed out Bitcoin (BTC)'s lack of adaptability and over-reliance on the Proof-of-Work (PoW) algorithm.
According to Hoskinson, #Bitcoin is not open to change, has turned into a religious system, and its supporters cannot accept “objective reality”. Additionally, the Cardano founder also said the following about Bitcoin:
“The industry no longer needs Bitcoin to survive. Remember, at the end of the day, this is just an indication of a deflationary monetary policy.”
Unlike Bitcoin, #Cardano works on Proof-of-Stake (PoS) consensus algorithm. Hoskinson explained that the purpose of creating this blockchain was to solve the scalability and sustainability problems of the ecosystem.
Previously, Charles Hoskinson had criticized US President Joe Biden's administration for deliberate efforts to destroy the crypto industry in the US.
#Cardano (ADA) is trading at $0.462 at the time of writing our news. The popular altcoin did not experience any significant decline or rise today.
$BTC $ADA
Charles Hoskinson, founder of popular altcoin Cardano (ADA), criticized Bitcoin supporters and likened the leading cryptocurrency to a religious symbol. According to Hoskinson, the modern crypto industry has overcome its dependence on Bitcoin and no longer needs BTC.
Successful investor Charles Hoskinson pointed out Bitcoin (BTC)'s lack of adaptability and over-reliance on the Proof-of-Work (PoW) algorithm.
According to Hoskinson, #Bitcoin is not open to change, has turned into a religious system, and its supporters cannot accept “objective reality”. Additionally, the Cardano founder also said the following about Bitcoin:
“The industry no longer needs Bitcoin to survive. Remember, at the end of the day, this is just an indication of a deflationary monetary policy.”
Unlike Bitcoin, #Cardano works on Proof-of-Stake (PoS) consensus algorithm. Hoskinson explained that the purpose of creating this blockchain was to solve the scalability and sustainability problems of the ecosystem.
Previously, Charles Hoskinson had criticized US President Joe Biden's administration for deliberate efforts to destroy the crypto industry in the US.
#Cardano (ADA) is trading at $0.462 at the time of writing our news. The popular altcoin did not experience any significant decline or rise today.
$BTC $ADA
NOT Coin: A Potential Game Changer in the Crypto Market
NOT Coin, a game currency, is gaining attention in the crypto market despite being different from popular meme coins like PEPE and SHIB. After a promising start, its value dropped in the second week, but experts predict a gradual increase in value from $0.002500 to $0.007500. This growth is expected to continue until $0.007500 is breached.
To reach the $0.02 mark, NOT Coin needs to reduce its supply by burning at least 50 billion coins and achieve a liquidity of $1-2 billion. This can be achieved by introducing burning, mining, or staking programs, which would reduce inflation and increase storage returns.
Binance Listing: A Boost to NOT Coin's Growth
Getting listed on Binance, a leading cryptocurrency exchange, can boost NOT Coin's chances of success and attract more investors. Key consolidation areas are at $0.002500 down to $0.001000, and these levels might be tested once or twice. If Bitcoin, the largest cryptocurrency, rises to $80,000, we might see an injection of liquidity into NOT Coin.
While NOT Coin's current trend is unclear, it's definitely worth monitoring closely. With its unique game currency concept and potential for growth, NOT Coin could be a game changer in the crypto market.
#btc70k #PEPE #writetoearn
$NOT
NOT Coin, a game currency, is gaining attention in the crypto market despite being different from popular meme coins like PEPE and SHIB. After a promising start, its value dropped in the second week, but experts predict a gradual increase in value from $0.002500 to $0.007500. This growth is expected to continue until $0.007500 is breached.
To reach the $0.02 mark, NOT Coin needs to reduce its supply by burning at least 50 billion coins and achieve a liquidity of $1-2 billion. This can be achieved by introducing burning, mining, or staking programs, which would reduce inflation and increase storage returns.
Binance Listing: A Boost to NOT Coin's Growth
Getting listed on Binance, a leading cryptocurrency exchange, can boost NOT Coin's chances of success and attract more investors. Key consolidation areas are at $0.002500 down to $0.001000, and these levels might be tested once or twice. If Bitcoin, the largest cryptocurrency, rises to $80,000, we might see an injection of liquidity into NOT Coin.
While NOT Coin's current trend is unclear, it's definitely worth monitoring closely. With its unique game currency concept and potential for growth, NOT Coin could be a game changer in the crypto market.
#btc70k #PEPE #writetoearn
$NOT
$NOT
There are many NOT coin holders who have mined hundreds of thousands of coins.
But they don't have a good idea about cryptocurrency. They just mined hoping to get money and started selling after listing. This is why the price of this coin has dropped so low.
For Now Big whales probably have not shown any interest in this coin yet.
$BTC $NOT
There are many NOT coin holders who have mined hundreds of thousands of coins.
But they don't have a good idea about cryptocurrency. They just mined hoping to get money and started selling after listing. This is why the price of this coin has dropped so low.
For Now Big whales probably have not shown any interest in this coin yet.
$BTC $NOT
#BTC/USDT UPDATE:
#BTC is now trading around 69.6k. Bitcoin is moving inside a falling wedge pattern on hourly time frame which is a bullish pattern. So the Possible scenario is If price pumps up and breaks out of the pattern, we could see short-term bullish momentum in Bitcoin. Stay tuned for further updates✔️
$BTC
#BTC is now trading around 69.6k. Bitcoin is moving inside a falling wedge pattern on hourly time frame which is a bullish pattern. So the Possible scenario is If price pumps up and breaks out of the pattern, we could see short-term bullish momentum in Bitcoin. Stay tuned for further updates✔️
$BTC
#BTC/USDT UPDATE:
#BTC is now trading around 69.7k. Bitcoin is pumping by breaking out of the resistance zone as we had predicted. Those who have opened long positions as per our update will be in good profits. Now the Possible scenario is If the pump continues then price can test 72K as it is a next resistance zone. Stay tuned with us for further updates✔️
#altcoins #BTC☀️
$BTC
#BTC is now trading around 69.7k. Bitcoin is pumping by breaking out of the resistance zone as we had predicted. Those who have opened long positions as per our update will be in good profits. Now the Possible scenario is If the pump continues then price can test 72K as it is a next resistance zone. Stay tuned with us for further updates✔️
#altcoins #BTC☀️
$BTC
