DOGEUpdate
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Elon Musk claimed in a recent tweet on X that he was still a holder of Dogecoin and his company spaceX was also holding a bunch of Bitcoin.
This goes to show his belief in the future surge and potential of the Dogecoin.
#BTC #Dogecoin2024 #DOGEUpdate #BTCbitcoin
This goes to show his belief in the future surge and potential of the Dogecoin.
#BTC #Dogecoin2024 #DOGEUpdate #BTCbitcoin
🚀 Dogecoin Whales in Action: 438 Mln DOGE Shift Amid Price Dips! 🐋📉
Dogecoin, the charismatic meme-based cryptocurrency, is making waves once again as significant whale transactions totaling 438 million DOGE were observed during a recent price dip. Here's a quick dive into what's happening and what could be on the horizon:
📊 Whale Moves Unveiled:
According to on-chain data, notable transactions involving Dogecoin whales occurred, shifting a whopping 438.28 million coins within the past 24 hours. The market took notice, especially with the concurrent price dip in the token.
💼 Key Whale Transactions:
An unknown wallet, DF8jRK7rt6…fjcJHvjEGb, transferred 71 million DOGE to Robinhood, a California-based CEX, totaling $6.39 million.
Another substantial transaction involved the transfer of 367.06 million DOGE, worth $33.62 million, between unknown wallets, adding intrigue to the market dynamics.
📉 Price Dips and Resilience:
As of the latest update, Dogecoin exhibited a marginal 0.28% decline in the past 24 hours, currently trading at $0.09202. Despite this, the token's total market cap decreased by 0.27% to $13.10 billion. However, the weekly surge of 1.84% and a monthly upswing of 15.15% underscore the token's resilience.
📈 Bullish Signals Amidst Price Corrections:
Market charts suggest a positive outlook, with a recent increase in the 24-hour trading volume by 5.67% to $521.14 million. The gradual upward movement in the token's market chart is fueling bullish sentiments.
🚀 What's Next for Dogecoin? Stay Tuned!
🔍 For real-time updates on Dogecoin and the crypto market, follow The Blockopedia. Don't miss a beat in the world of cryptocurrencies! 🌐📈
#DogecoinUpdate #DOGEUpdate #crypto #cryptocurrency #crypto2023
Dogecoin, the charismatic meme-based cryptocurrency, is making waves once again as significant whale transactions totaling 438 million DOGE were observed during a recent price dip. Here's a quick dive into what's happening and what could be on the horizon:
📊 Whale Moves Unveiled:
According to on-chain data, notable transactions involving Dogecoin whales occurred, shifting a whopping 438.28 million coins within the past 24 hours. The market took notice, especially with the concurrent price dip in the token.
💼 Key Whale Transactions:
An unknown wallet, DF8jRK7rt6…fjcJHvjEGb, transferred 71 million DOGE to Robinhood, a California-based CEX, totaling $6.39 million.
Another substantial transaction involved the transfer of 367.06 million DOGE, worth $33.62 million, between unknown wallets, adding intrigue to the market dynamics.
📉 Price Dips and Resilience:
As of the latest update, Dogecoin exhibited a marginal 0.28% decline in the past 24 hours, currently trading at $0.09202. Despite this, the token's total market cap decreased by 0.27% to $13.10 billion. However, the weekly surge of 1.84% and a monthly upswing of 15.15% underscore the token's resilience.
📈 Bullish Signals Amidst Price Corrections:
Market charts suggest a positive outlook, with a recent increase in the 24-hour trading volume by 5.67% to $521.14 million. The gradual upward movement in the token's market chart is fueling bullish sentiments.
🚀 What's Next for Dogecoin? Stay Tuned!
🔍 For real-time updates on Dogecoin and the crypto market, follow The Blockopedia. Don't miss a beat in the world of cryptocurrencies! 🌐📈
#DogecoinUpdate #DOGEUpdate #crypto #cryptocurrency #crypto2023
Top Analyst Anticipates Dogecoin Surge To $0.10, But There’s A Catch
Dogecoin, the Elon Musk-backed meme coin, has experienced a price correction, dropping over 14% in the past month due to decreased market sentiment. However, it has seen a recent 2% surge and may have a chance for a rebound. A crypto analyst has pointed to the TD Sequential indicator as a signal for a potential upward movement in the coin's price. Key support levels to watch include $0.074 and $0.078, while resistance is around $0.088. The outcome of this battle between bullish and bearish sentiment will determine the future direction of Dogecoin's price.
#Dogecoin2024 #DOGEUpdate #Elon.Musk's $DOGE
Dogecoin, the Elon Musk-backed meme coin, has experienced a price correction, dropping over 14% in the past month due to decreased market sentiment. However, it has seen a recent 2% surge and may have a chance for a rebound. A crypto analyst has pointed to the TD Sequential indicator as a signal for a potential upward movement in the coin's price. Key support levels to watch include $0.074 and $0.078, while resistance is around $0.088. The outcome of this battle between bullish and bearish sentiment will determine the future direction of Dogecoin's price.
#Dogecoin2024 #DOGEUpdate #Elon.Musk's $DOGE
$DOGE Bersiap Untuk Menghancurkan $0.175
berikut ANALYSIST Long Futures Scalping M15
LONG ENTRY $.0169 /$0.170 (Scalping )
Lev 20 /15
EXIT LONG $0.175
LONG ENTRY $.0169/ $0.170 (SWING)
Lev 15 / 5
EXIT LONG $0.25
#Dogecoin #DOGEUpdate #memecoin🚀🚀🚀
berikut ANALYSIST Long Futures Scalping M15
LONG ENTRY $.0169 /$0.170 (Scalping )
Lev 20 /15
EXIT LONG $0.175
LONG ENTRY $.0169/ $0.170 (SWING)
Lev 15 / 5
EXIT LONG $0.25
#Dogecoin #DOGEUpdate #memecoin🚀🚀🚀
#DOGEUpdate
Elon Musk's AI and Meme Tweet Explodes Crypto Community
$DOGE
Tech billionaire and innovator and owner of the X social media platform Elon Musk has addressed his 167.4 million followers with a tweet dedicated to memes.
Musk often posts memes on his X page and is a great fan of them. Now, his post seems to have an underlying message, since it is about AI and expresses concerns about whether it can have a negative impact on the future of humanity.
The crypto community got engaged in a wave of enthusiastic responses to Musk, though, seeing nothing but his reference to memes in this post. A cofounder of the original meme cryptocurrency, Dogecoin, also reacted to that post.
pic.twitter.com/tEZmEDJeEI— Elon Musk (@elonmusk) December 27, 2023
Elon Musk's AI and Meme Tweet Explodes Crypto Community
$DOGE
Tech billionaire and innovator and owner of the X social media platform Elon Musk has addressed his 167.4 million followers with a tweet dedicated to memes.
Musk often posts memes on his X page and is a great fan of them. Now, his post seems to have an underlying message, since it is about AI and expresses concerns about whether it can have a negative impact on the future of humanity.
The crypto community got engaged in a wave of enthusiastic responses to Musk, though, seeing nothing but his reference to memes in this post. A cofounder of the original meme cryptocurrency, Dogecoin, also reacted to that post.
pic.twitter.com/tEZmEDJeEI— Elon Musk (@elonmusk) December 27, 2023
🚀 Breaking News: Massive Dogecoin (DOGE) Transfer Sparks Market Buzz! 🌐💼
A significant move has shaken up the cryptocurrency landscape as an anonymous sender orchestrated a colossal transfer of approximately 59.9 million Dogecoins (DOGE), valued at a staggering $5 million, straight into the coffers of Coinbase, the renowned American cryptocurrency exchange.
📊 DOGE Surge: Unraveling the Pattern of High-Value Transfers!
This hefty transaction is just a piece of the puzzle in the evolving Dogecoin ecosystem, where a notable surge in substantial DOGE transfers has taken center stage.
🚀 On December 29, a jaw-dropping 65.1 million DOGE, equivalent to a whopping $5.89 million USD, found its way to Coinbase from an undisclosed source, marking a clear trend.
🔄 A Ripple Effect: Notable DOGE Transfers Across the Crypto Arena!
The DOGE movement doesn't stop there. Other noteworthy transfers include:
🚀 230 million DOGE to Robinhood, with a valuation of approximately $21.61 million USD.🌐 An astronomical transfer of nearly 1 billion DOGE, valued at a staggering $91.2 million USD, made its journey from Binance to an undisclosed wallet.
🤔 What Could This Mean for DOGE and the Crypto Market?
Such massive DOGE transfers hint at a dynamic market, stirring speculation about potential catalysts or strategic maneuvers behind these transactions. As the Dogecoin narrative unfolds, traders and enthusiasts alike are keeping a close eye on the repercussions.
📈 Stay Tuned, Stay Informed: Follow The Blockopedia for Real-time Crypto Insights! 📰✨
#DOGEUpdate #DogecoinDynamics #Dogecoin.killer #Cryptocurrency #crypto2024
A significant move has shaken up the cryptocurrency landscape as an anonymous sender orchestrated a colossal transfer of approximately 59.9 million Dogecoins (DOGE), valued at a staggering $5 million, straight into the coffers of Coinbase, the renowned American cryptocurrency exchange.
📊 DOGE Surge: Unraveling the Pattern of High-Value Transfers!
This hefty transaction is just a piece of the puzzle in the evolving Dogecoin ecosystem, where a notable surge in substantial DOGE transfers has taken center stage.
🚀 On December 29, a jaw-dropping 65.1 million DOGE, equivalent to a whopping $5.89 million USD, found its way to Coinbase from an undisclosed source, marking a clear trend.
🔄 A Ripple Effect: Notable DOGE Transfers Across the Crypto Arena!
The DOGE movement doesn't stop there. Other noteworthy transfers include:
🚀 230 million DOGE to Robinhood, with a valuation of approximately $21.61 million USD.🌐 An astronomical transfer of nearly 1 billion DOGE, valued at a staggering $91.2 million USD, made its journey from Binance to an undisclosed wallet.
🤔 What Could This Mean for DOGE and the Crypto Market?
Such massive DOGE transfers hint at a dynamic market, stirring speculation about potential catalysts or strategic maneuvers behind these transactions. As the Dogecoin narrative unfolds, traders and enthusiasts alike are keeping a close eye on the repercussions.
📈 Stay Tuned, Stay Informed: Follow The Blockopedia for Real-time Crypto Insights! 📰✨
#DOGEUpdate #DogecoinDynamics #Dogecoin.killer #Cryptocurrency #crypto2024
Exciting times in the crypto world 🤩🚀MEME COIN is making a new waves with the current #MARKET CAP of $314,000M 📊
Stay tuned for more updates! 💰💻 #Bitcoin #Ethereum #Dogecoin"##CryptoMarketShare #BTC #Ethereum2024 #DOGEUpdate #Coinmerketcap
Stay tuned for more updates! 💰💻 #Bitcoin #Ethereum #Dogecoin"##CryptoMarketShare #BTC #Ethereum2024 #DOGEUpdate #Coinmerketcap
🚀🐕 Dogecoin Defies Market Trends: 3.5% Surge Amid Crypto Market Decline!
Despite a broader market dip, #Dogecoin showcases resilience with a 3.5% surge in the last 24 hours, outshining Bitcoin's 11% drop from its weekly high. 📉🚀
📊 Market Insights:
Long positions on Binance Futures spike with $413.1k entering at $0.081.Dogecoin hits $0.084 before retracement, currently at $0.0824.Market cap of $11.8 billion, ranking 11th globally.
🚀 Path to $1: Challenges & Opportunities:
Bitcoin's decline seen as positive for Dogecoin, anticipating a market cap rotation.Technical analysis suggests resistance levels for a bullish trajectory.Support from Elon Musk and upcoming Doge-1 satellite launch on Feb 3rd could influence the rally.
🔍 Analysts' Outlook:
Overcoming hurdles crucial for a rally.$DOGE needs to close above $0.106 for a bullish trajectory.Elon Musk's role pivotal, dependent on lawsuit resolution.Doge-1 satellite launch expected to inject momentum.
🔒 Disclaimer:
Invest responsibly. Conduct independent research and use discretionary funds. All investment activities are the reader's responsibility. 📚💼
#Dogecoin2024 #cryptoleads #PriceProjections #crypto #DOGEUpdate
Despite a broader market dip, #Dogecoin showcases resilience with a 3.5% surge in the last 24 hours, outshining Bitcoin's 11% drop from its weekly high. 📉🚀
📊 Market Insights:
Long positions on Binance Futures spike with $413.1k entering at $0.081.Dogecoin hits $0.084 before retracement, currently at $0.0824.Market cap of $11.8 billion, ranking 11th globally.
🚀 Path to $1: Challenges & Opportunities:
Bitcoin's decline seen as positive for Dogecoin, anticipating a market cap rotation.Technical analysis suggests resistance levels for a bullish trajectory.Support from Elon Musk and upcoming Doge-1 satellite launch on Feb 3rd could influence the rally.
🔍 Analysts' Outlook:
Overcoming hurdles crucial for a rally.$DOGE needs to close above $0.106 for a bullish trajectory.Elon Musk's role pivotal, dependent on lawsuit resolution.Doge-1 satellite launch expected to inject momentum.
🔒 Disclaimer:
Invest responsibly. Conduct independent research and use discretionary funds. All investment activities are the reader's responsibility. 📚💼
#Dogecoin2024 #cryptoleads #PriceProjections #crypto #DOGEUpdate
Dogecoin may fall to 0.0882 - 0.0895
0.0943 is our pivot point.
Our preference
The downside prevails as long as 0.0943 is resistance.
Alternative scenario
Above 0.0943, look for 0.0964 and 0.0977.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.0936 and 0.0934).
Supports and resistances
0.0977 **
0.0964 *
0.0943 **
0.0934
0.0921 last
0.0895
0.0882 **
0.0869 *
0.0856 **
#doge #DOGE #DOGEUpdate
0.0943 is our pivot point.
Our preference
The downside prevails as long as 0.0943 is resistance.
Alternative scenario
Above 0.0943, look for 0.0964 and 0.0977.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.0936 and 0.0934).
Supports and resistances
0.0977 **
0.0964 *
0.0943 **
0.0934
0.0921 last
0.0895
0.0882 **
0.0869 *
0.0856 **
#doge #DOGE #DOGEUpdate
#bitcoin #Dogecoin #DOGEUpdate #Ethereum $BTC $ETH $DOGE
The crypto asset market is currently correcting itself due to the slowing economy in the United States. However, investors can still take advantage of this momentum to invest in currencies that have the potential to generate profits.
In trading Friday (24/5/2024) afternoon, the most popular cryptocurrency, Bitcoin, weakened 3.3 percent to a price of 67,261.30 United States dollars (US) per coin. The transaction volume was 44.14 billion US dollars with a market capitalization of 1.32 trillion US dollars. As for next week, market analysts predict Bitcoin will open fluctuating, but weaken in the range of 65,439.30 US dollars to 69,838.50 US dollars per coin.
The prices of Altcoins or alternative currencies mostly also decreased on Thursday (May 23rd). For example, Solana (SOL) currency decreased by 2.5 percent, XRP lost 1 percent, SHIB decreased by 0.5 percent, while DOGE increased by 0.3 percent.
"High interest rates for the long term have been a bad sign for the crypto market considering that this sector usually thrives in markets with low interest rates and high liquidity," said Forexindo Berjangka Profit Director Ibrahim Assuaibi in his analysis report, Friday.
Orb, an iris scanner tool used by Tools for Humanity Company to collect biometric data of Worldcoin crypto currency owners, was showcased in Santa Monica, California, the United States, on August 3, 2023.
Orb, an iris scanner tool used by Tools for Humanity Company to collect biometric data of Worldcoin crypto currency owners, was showcased in Santa Monica, California, the United States, on August 3, 2023.
The crypto asset market is currently correcting itself due to the slowing economy in the United States. However, investors can still take advantage of this momentum to invest in currencies that have the potential to generate profits.
In trading Friday (24/5/2024) afternoon, the most popular cryptocurrency, Bitcoin, weakened 3.3 percent to a price of 67,261.30 United States dollars (US) per coin. The transaction volume was 44.14 billion US dollars with a market capitalization of 1.32 trillion US dollars. As for next week, market analysts predict Bitcoin will open fluctuating, but weaken in the range of 65,439.30 US dollars to 69,838.50 US dollars per coin.
The prices of Altcoins or alternative currencies mostly also decreased on Thursday (May 23rd). For example, Solana (SOL) currency decreased by 2.5 percent, XRP lost 1 percent, SHIB decreased by 0.5 percent, while DOGE increased by 0.3 percent.
"High interest rates for the long term have been a bad sign for the crypto market considering that this sector usually thrives in markets with low interest rates and high liquidity," said Forexindo Berjangka Profit Director Ibrahim Assuaibi in his analysis report, Friday.
Orb, an iris scanner tool used by Tools for Humanity Company to collect biometric data of Worldcoin crypto currency owners, was showcased in Santa Monica, California, the United States, on August 3, 2023.
Orb, an iris scanner tool used by Tools for Humanity Company to collect biometric data of Worldcoin crypto currency owners, was showcased in Santa Monica, California, the United States, on August 3, 2023.
🚀 DOGE Alert: Analyst Eyes $5 Surge 🚀
Hold on to your Dogecoins, crypto enthusiasts! The leading memecoin, Dogecoin (DOGE), might be gearing up for another stellar run, with one analyst predicting a potential surge to $5. 🌕
📈 Crypto Patel's Bold Call: A Chart-Backed Proclamation 📈
Crypto Patel, a seasoned trader and analyst, recently dissected DOGE's chart on TradingView, unveiling a fascinating pattern mirroring its historical rallies in 2018 and 2021. Highlighting critical support at $0.056 and a breakout at $0.072, Patel envisions a perfect retest paving the way for the much-anticipated $5 price tag.
🗣️ Crypto Patel's Take: "The DOGECOIN pattern is repeating, signaling a massive blast-off just around the corner. Once the retest is complete, watch Dogecoin soar to the moon! In the memecoins season of the bull market, $5 is a realistic target."
💹 DOGE's Market Cap Odyssey: Surpassing All but Bitcoin 💹
Currently ranking 10th by market capitalization, a $5 DOGE price would propel its market cap to $713.5 billion, eclipsing all other cryptocurrencies except Bitcoin (BTC). This ambitious target signifies a staggering 6,000% surge from DOGE's current price of $0.08045.
🌐 Speculation vs. Reality: The $5 DOGE Conundrum 🌐
While the prospect of DOGE hitting $5 remains speculative, especially considering it has yet to breach the $1 mark since its 2013 inception, the crypto world loves a good surprise. Reclaiming its previous all-time high of $0.7316 is the first hurdle. Whether DOGE can embark on this ambitious journey only time will unveil.
🤔
The crypto world is buzzing with opinions! What's your stance on DOGE's potential surge to $5? Share your insights and join the conversation!
👍 Like, Share, and Follow @MeMeLauncher for More Crypto Updates! 👍
💰 Tip the Crypto Analyst! Support the Insights! 💰
If you found this DOGE prediction intriguing, consider leaving a tip in crypto to support the analyst's work. Your generosity fuels the crypto conversation!
🌌🚀 #DOGESurge #CryptoPredictions #TokenMaestroInsights #DOGEUpdate #DOGE $DOGE
Hold on to your Dogecoins, crypto enthusiasts! The leading memecoin, Dogecoin (DOGE), might be gearing up for another stellar run, with one analyst predicting a potential surge to $5. 🌕
📈 Crypto Patel's Bold Call: A Chart-Backed Proclamation 📈
Crypto Patel, a seasoned trader and analyst, recently dissected DOGE's chart on TradingView, unveiling a fascinating pattern mirroring its historical rallies in 2018 and 2021. Highlighting critical support at $0.056 and a breakout at $0.072, Patel envisions a perfect retest paving the way for the much-anticipated $5 price tag.
🗣️ Crypto Patel's Take: "The DOGECOIN pattern is repeating, signaling a massive blast-off just around the corner. Once the retest is complete, watch Dogecoin soar to the moon! In the memecoins season of the bull market, $5 is a realistic target."
💹 DOGE's Market Cap Odyssey: Surpassing All but Bitcoin 💹
Currently ranking 10th by market capitalization, a $5 DOGE price would propel its market cap to $713.5 billion, eclipsing all other cryptocurrencies except Bitcoin (BTC). This ambitious target signifies a staggering 6,000% surge from DOGE's current price of $0.08045.
🌐 Speculation vs. Reality: The $5 DOGE Conundrum 🌐
While the prospect of DOGE hitting $5 remains speculative, especially considering it has yet to breach the $1 mark since its 2013 inception, the crypto world loves a good surprise. Reclaiming its previous all-time high of $0.7316 is the first hurdle. Whether DOGE can embark on this ambitious journey only time will unveil.
🤔
The crypto world is buzzing with opinions! What's your stance on DOGE's potential surge to $5? Share your insights and join the conversation!
👍 Like, Share, and Follow @MeMeLauncher for More Crypto Updates! 👍
💰 Tip the Crypto Analyst! Support the Insights! 💰
If you found this DOGE prediction intriguing, consider leaving a tip in crypto to support the analyst's work. Your generosity fuels the crypto conversation!
🌌🚀 #DOGESurge #CryptoPredictions #TokenMaestroInsights #DOGEUpdate #DOGE $DOGE
#bitcoin #Ethereum #Binance #DOGEUpdate $BTC $ETH $BNB
An illustrative photo taken in London in May 2022 shows a gold-plated Tether (USDT) cryptocurrency coin next to the US dollar.
AFP/JUSTIN TALLIS
An illustrative photo taken in London in May 2022 shows a gold-plated Tether (USDT) cryptocurrency coin next to the US dollar.
A number of large companies, including multinational investment firms BlackRock, Bitwise, and Grayscale Securities & The Exchange Commission (SEC), submitted a revision to the issuance of the ETF ETH Spot product to the US financial regulatory agency on Wednesday (22/5). If the revised document is approved, spot ETH ETFs will allow investors to invest in Ethereum currency without having to buy and hold crypto assets directly.
In addition, the performance of the US economy, which is marked by an improvement in economic data, will also support investors' optimism in the crypto market. One of the data points, the Purchasing Managers Index (PMI), which was released on Thursday (23/5), showed an increase in purchasing activity in the manufacturing sector above 50, namely 50.9. The index rose from its position in the same period last month, which was at 49.9.
This sector usually thrives in markets with low interest rates and high liquidity.
The potential for cryptocurrency asset price rallies can be seen in trends such as Bitcoin prices. Earlier this week, the price of Bitcoin rose 51% since the beginning of the year and approached the record high price of Bitcoin at $73,000 USD.
An illustrative photo taken in London in May 2022 shows a gold-plated Tether (USDT) cryptocurrency coin next to the US dollar.
AFP/JUSTIN TALLIS
An illustrative photo taken in London in May 2022 shows a gold-plated Tether (USDT) cryptocurrency coin next to the US dollar.
A number of large companies, including multinational investment firms BlackRock, Bitwise, and Grayscale Securities & The Exchange Commission (SEC), submitted a revision to the issuance of the ETF ETH Spot product to the US financial regulatory agency on Wednesday (22/5). If the revised document is approved, spot ETH ETFs will allow investors to invest in Ethereum currency without having to buy and hold crypto assets directly.
In addition, the performance of the US economy, which is marked by an improvement in economic data, will also support investors' optimism in the crypto market. One of the data points, the Purchasing Managers Index (PMI), which was released on Thursday (23/5), showed an increase in purchasing activity in the manufacturing sector above 50, namely 50.9. The index rose from its position in the same period last month, which was at 49.9.
This sector usually thrives in markets with low interest rates and high liquidity.
The potential for cryptocurrency asset price rallies can be seen in trends such as Bitcoin prices. Earlier this week, the price of Bitcoin rose 51% since the beginning of the year and approached the record high price of Bitcoin at $73,000 USD.
#DOGEUpdate $DOGE Menurutku doge aka mencapai 0,175 an maksimal lalu akan turun ke 0,16 an hingga beberapa saat dan akan menuju 0,18 dibulan depan.
#DOGE ✅✅✅
- Set your buys on support
- Set your SL below Last Low
- Take off till 10-20%
#Dogecoin2024 #MEMEBullRun #DOGEUpdate #TradeNTell
- Set your buys on support
- Set your SL below Last Low
- Take off till 10-20%
#Dogecoin2024 #MEMEBullRun #DOGEUpdate #TradeNTell
‘I Still Own A Bunch Of Dogecoin,’ Tesla CEO Elon Musk Reveals
Billionaire Elon Musk has continued to support the Dogecoin meme coin, revealing that he owns some of the cryptocurrency itself. This is in line with Musk’s support that made the meme coin gain prominence in 2021, sending it to new all-time highs.
Elon Musk Says He Still Owns Dogecoin
Speaking in an X (formerly Twitter) Space, billionaire Elon Musk revealed that he is still holding Dogecoin. It would seem that Musk has not sold any of his coins as he continues to maintain that Dogecoin is his favorite cryptocurrency in the industry.
In the space, Musk stated that he currently still holds a bunch of Dogecoin, but does not mention that he holds any other cryptocurrency. However, he explains that SpaceX, his space exploration company, continues to hold the leading cryptocurrency in the space, Bitcoin. “I still own a bunch of Dogecoin and SpaceX owns a bunch of Bitcoin,” Musk revealed.
SpaceX is not the only company owned by Musk that holds cryptocurrency, as Tesla, an electric vehicle manufacturer, also has Bitcoin on its balance sheet. Mostly, this shows that Musk continues to believe in the potential of cryptocurrencies despite not being as vocal as he used to be.
Impact Of Musk Comments On DOGE Fades
One interesting development that has come out of the bear market is the fact that Elon Musk’s comments surrounding Dogecoin do not seem to have the same effect as they did before. Looking back to 2021, a single tweet from the billionaire about DOGE would send the price rallying with double-digit gains in a matter of hours.
However, despite Musk openly professing his support for the meme coin and even stating that he holds some of it, the price of DOGE has not moved much. In the last day, there has been a slight 6% increase in price. But even this cannot be attributed to just Musk’s comments as the entire crypto market has been on a recovery trend following the approval of Spot Bitcoin ETFs.
At the height of the DOGE rally back in 2021, such a comment from Musk would have triggered a massive rally. On some days, even just tweeting a dog-related meme would send the price soaring. So this indicates that the asset has since moved past Musk’s influence.
Nevertheless, knowing that Dogecoin has the support of Elon Musk remains a big selling point for holders. The billionaire’s comments on the X Space have been reposted many times and shared widely in the DOGE community, with prominent community members such as Doge Influencer tweeting about it.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#DOGEUpdate #Dogecoin2024 $DOGE
Elon Musk Says He Still Owns Dogecoin
Speaking in an X (formerly Twitter) Space, billionaire Elon Musk revealed that he is still holding Dogecoin. It would seem that Musk has not sold any of his coins as he continues to maintain that Dogecoin is his favorite cryptocurrency in the industry.
In the space, Musk stated that he currently still holds a bunch of Dogecoin, but does not mention that he holds any other cryptocurrency. However, he explains that SpaceX, his space exploration company, continues to hold the leading cryptocurrency in the space, Bitcoin. “I still own a bunch of Dogecoin and SpaceX owns a bunch of Bitcoin,” Musk revealed.
SpaceX is not the only company owned by Musk that holds cryptocurrency, as Tesla, an electric vehicle manufacturer, also has Bitcoin on its balance sheet. Mostly, this shows that Musk continues to believe in the potential of cryptocurrencies despite not being as vocal as he used to be.
Impact Of Musk Comments On DOGE Fades
One interesting development that has come out of the bear market is the fact that Elon Musk’s comments surrounding Dogecoin do not seem to have the same effect as they did before. Looking back to 2021, a single tweet from the billionaire about DOGE would send the price rallying with double-digit gains in a matter of hours.
However, despite Musk openly professing his support for the meme coin and even stating that he holds some of it, the price of DOGE has not moved much. In the last day, there has been a slight 6% increase in price. But even this cannot be attributed to just Musk’s comments as the entire crypto market has been on a recovery trend following the approval of Spot Bitcoin ETFs.
At the height of the DOGE rally back in 2021, such a comment from Musk would have triggered a massive rally. On some days, even just tweeting a dog-related meme would send the price soaring. So this indicates that the asset has since moved past Musk’s influence.
Nevertheless, knowing that Dogecoin has the support of Elon Musk remains a big selling point for holders. The billionaire’s comments on the X Space have been reposted many times and shared widely in the DOGE community, with prominent community members such as Doge Influencer tweeting about it.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#DOGEUpdate #Dogecoin2024 $DOGE
