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DOGE Fan Elon Musk Reaches Massive Milestone on X. An insider from the Dogecoin team, known as DogeDesigner (@cb_doge) on the X social media platform, who keeps track of Elon Musk's interviews, podcasts and public social media data, has noted that Musk has once again become the most followed account on X. The CEO of Tesla and SpaceX bought this platform in October 2022 for $44 billion. Now, he has the most followed social media account in the world. Elon Musk's army of followers on X has reached the level of 185 million. A lot of the people who follow Musk and are subscribed to his updates are members of the Dogecoin community since Musk is a big fan of the iconic meme cryptocurrency DOGE. @cb_doge shared his admiration for Musk's ability to engage with his huge fan base on X, even though he is "one of the busiest individuals on the planet." xAl quickly catches up to OpenAl. According to a recent tweet published by an Al enthusiast Rowan Cheung, Elon Musk's latest venture, xAl, is already evaluated at 1/3 of OpenAl's value, even though the former is only 15 months old. OpenAl was founded nine years ago with the help of Elon Musk and his personal funds. xAl has raised $6 billion from leading investors to train new versions of the company's Al bot, Grok, in the recently started B funding series. So far, the 1.5 version has been launched and integrated on the X platform for Premium+ subscribers. Musk and xAl secure $6 billion funding. Musk also revealed to investors that xAl plans to build a huge supercomputer using 100,000 Nvidia H100 GPUs. The circle of investors interested in working with xAl includes Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research, Valor Equity Partners and Vy Capital. The post-money evaluation of Musk's company now comprises $24 billion.

DOGE Fan Elon Musk Reaches Massive Milestone on X.

An insider from the Dogecoin team, known as DogeDesigner (@cb_doge) on the X social media platform, who keeps track of Elon Musk's interviews, podcasts and public social media data, has noted that Musk has once again become the most followed account on X.

The CEO of Tesla and SpaceX bought this platform in October 2022 for $44 billion. Now, he has the most followed social media account in the world. Elon Musk's army of followers on X has reached the level of 185 million. A lot of the people who follow Musk and are subscribed to his updates are members of the Dogecoin community since Musk is a big fan of the iconic meme cryptocurrency DOGE.

@cb_doge shared his admiration for Musk's ability to engage with his huge fan base on X, even though he is "one of the busiest individuals on the planet."

xAl quickly catches up to OpenAl.

According to a recent tweet published by an Al enthusiast Rowan Cheung, Elon Musk's latest venture, xAl, is already evaluated at 1/3 of OpenAl's value, even though the former is only 15 months old. OpenAl was founded nine years ago with the help of Elon Musk and his personal funds.

xAl has raised $6 billion from leading investors to train new versions of the company's Al bot, Grok, in the recently started B funding series. So far, the 1.5 version has been launched and integrated on the X platform for Premium+ subscribers.

Musk and xAl secure $6 billion funding.

Musk also revealed to investors that xAl plans to build a huge supercomputer using 100,000 Nvidia H100 GPUs. The circle of investors interested in working with xAl includes Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research, Valor Equity Partners and Vy Capital. The post-money evaluation of Musk's company now comprises $24 billion.

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DOGE Price Prediction for June 8. DOGE/USD. DOGE has lost a lot of value today, falling by 8.21%. Despite the sharp drop, the rate of DOGE still looks bearish. At the moment, the price is near the local support of $0.1475. If a breakout happens, the correction may continue to the $0.1450 zone soon. On the bigger time frame, there are also no reversal signals yet. If yesterday's decline continues, traders may expect a test of the $0.1350-$0.14 zone within the next few days. From the midterm point of view, sellers keep controlling the situation. If buyers lose the interim zone of $0.14, the accumulated energy might be enough for an ongoing correction to the nearest support level of $0.1225. DOGE is trading at $0.1467 at press time. #TopCoinsJune2024
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Bitcoin (BTC) Price Prediction for June 8. BTC/USD. The price of Bitcoin (BTC) has declined by 2.73% over the last 24 hours. On the hourly chart, the rate of BTC is in the middle of the narrow channel. Buyers may start thinking about an upward move only if they restore the price to the $69,500 zone. In this case, there is a chance of a resistance breakout. On the daily time frame, the situation has not changed since yesterday. Neither bulls nor bears are dominating, which means sharp moves are unlikely to happen soon. All in all, ongoing sideways trading around the $69,000 mark is the more likely scenario. From the midterm point of view, the price of BTC has once again failed to fix above the $70,000 zone. While the rate is below that mark, one can expect a correction to the $66,000 range. Bitcoin is trading at $69,422 at press time. #TopCoinsJune2024
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27.78 Billion Dogecoin (DOGE) in 24 Hours Stacked by Whales, What's Happening? The Dogecoin (DOGE) ecosystem is seeing mixed performance with a slip in price but with intense accumulation by the meme coin's whales. At the time of writing, the price of Dogecoin is down by 8.35% in the past 24 hours, to $0.1475. The coin's trading volume has, however, managed to maintain a 96% surge to $1,696,311,945 amid a $1 million transaction surge. 27 billion whale boost. According to data from the crypto analytics platform IntoTheBlock, Dogecoin whale transactions have soared by 46.6% in 24 hours. At this rate, a total of $4.2 billion DOGE has been acquired by whales thus far. These massive buyups account for a total of 27.78 billion bagged by these large traders whose trade size represents $100,000 or more. Dogecoin has always been tagged in this frontline as it is considered one of the coins in the top 10 with a high affinity for whale buyups. Despite the strain in the coin's breakout potential in recent times, the 27.78 billion coins purchased is considered a vote of confidence by this group of buyers. The lowered price of the coin is considered a vote of confidence for the asset whose market value dropped as low as $0.145 in the trailing seven-day period. What's next for Dogecoin. Dogecoin is one of the most volatile digital currencies in the market today with a very reactive community. At the moment, the coin's momentum is determined by the general pace in the market with the major determinant being Bitcoin (BTC). On its part, Dogecoin developers are mulling the introduction of smart contract features on MyDogeWallet. Two of the features being planned include Doginals and DRC-20 with upgrades set to be implemented on the browser extension of the wallet. With more ingrained ecosystem functionalities, a new demand avenue for Dogecoin can be created, benefiting the entire meme coin community. #TopCoinsJune2024
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SHIB Rival WIF Worst Performer in Top 100 as Crypto Dips. Amid the most painful crypto plunge since mid-April, meme cryptocurrencies registered double-digit losses. Dogwifhat (WIF) and Bonk (BONK) dropped below major capitalization levels. WIF collapses: Worst performing crypto in past 24 hours down by 18%. Dogwifhat (WIF), a mid-cap meme cryptocurrency and the fourth largest digital asset in this category, demonstrates the largest losses in 24 hours compared to all the top 100 cryptos on CoinGecko. Dogwifhat's (WIF) capitalization dropped below the significant level of $3 billion. WIF is one step away from being replaced by FLOKI as the fourth largest meme coin. The largest meme coins Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) — are performing much better, with 9.7%, 7.5% and 11.3% respective losses. In total, meme coin traders lost at least $20 million in long positions in the last 24 hours due to the liquidations, CoinGlass data says. The net amount of liquidations eclipsed $415 million in equivalent, the largest since April 13, 2024. The aggregated capitalization of the crypto market lost 3.2%, while Bitcoin (BTC), the largest crypto, is 3.5% down in the last 24 hours. WSB meme coins lost 30% in 24 hours. At the same time, even in this painful collapse, small-sized meme coins are demonstrating amazing gains. For instance, Base meme crypto Basenji (BENJI) spiked by 33% in one day and reached a $70 million capitalization. Chompcoin (CHOMP) added 20%. However, amid the general disappointment around the hotly-anticipated stream of Roaring Kitty, an iconic influencer of "Reddit investors," WallStreetBets-themed meme coins are bleeding. GME, a meme coin that commemorates an eponymous stock, plunged by 33% and almost left the club of nine-digit coins. #TopCoinsJune2024
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XRP Surges 103% in Volume as Market Faces $410 Million Sell-Off. The broader cryptocurrency market is currently facing a substantial sell-off. Amid this volatility, XRP has seen a dramatic surge in trading volume, rising by 103%. The current sell-off has been brutal for many cryptocurrencies, wiping out significant value in a short span. According to CoinGlass data, the sell-off has resulted in $410 million in liquidations in the last 24 hours, the highest total since mid-April. Based on CoinMarketCap data, XRP trading volume has more than doubled in the last 24 hours, reaching $2.21 billion, showing increased interest and activity among traders. This surge in volume, up by 103%, reflects the increasing attention on XRP amid broader market turmoil. The entire crypto market tumbled on Friday as investors assessed a strong non- farm payrolls number for May raising concerns that the Federal Reserve may not lower interest rates as fast as predicted. Non-farm payrolls increased by 272,000 in May, up from 175,000 in April, surpassing an estimated 190,000. The unemployment rate, however, rose to 4% for the first time since January 2022. Many investors had hoped that Friday's report would show that the job market and economy were slowing, persuading the Fed to ease monetary policy and lower interest rates. XRP fell drastically in Friday's trading session due to macroeconomic developments, reaching lows of $0.454 before recovering marginally. At the time of writing, XRP was down 5.65% in the last 24 hours to $0.4967. The Fed is scheduled to meet next week, although rates are widely expected to remain steady both then and in July. CME figures reveal that traders are pricing in a 68% possibility of a rate cut in September. In the immediate term, a break above the daily moving averages of 50 and 200, around $0.524 and $0.576, could imply a positive rebound. Meanwhile, further falls may target the $0.4294 level as support in the short term. #TopCoinsJune2024
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