Bloomberg writes that Musk does not yet plan to integrate the crypto-payment function into X (ex-Twitter).
Journalists of the publication published extensive material on the topic of turning the social network into the largest payment application like Venmo, Cash App or Zelle. Let us recall that earlier in December 2023, Elon Musk said that the company was waiting for payment licenses in order to make X a financial platform. And that payments will be connected “in the middle of next year.” That is, if the plans are still in force, it’s about to happen.
BUT it’s too early for crypto enthusiasts and, in particular,#DOGEholders to rejoice - a quote from an article on crypto payments in X:
"...But X users hoping to transfer their stash of Shiba Inu-themed currency into their X wallet will have to wait: The company told regulators in Maine this year that it has no plans to allow users to send and receive virtual currencies..."
Meanwhile,#Coindesktoday reports that bullish bets on DOGE futures have led to the liquidation of $60 million worth of long positions. The liquidation came as DOGE prices fell more than 10%, reflecting a broader market sell-off and bearish sentiment in the cryptocurrency market.
We hold our position on #DOGE, purchased with an entry of $0.08553, there were many signals of a global reversal (especially according to the EMA Ribbon indicator on older TFs). The deal was opened on February 20, a week before the pump. The price followed the wave marking, at the moment it was at +168%. But we didn't sell on the fifth wave. Partly because it turned out to be truncated (did not reach the first target in the form of a volume level of $0.24805) and we did not expect such a quick and aggressive reversal in late March and early April. But in many ways - from a combination of LONG signals on the EMA Ribbon on a number of senior timeframes at once.
The stop is in place, we are waiting for the situation to develop. The price of the asset is in the final corrective wave C. And, probably, it can still extend it and test the upward trend since October 2023 and the volume/mirror level of $0.10370.
So far it has recovered above the volume level of $0.11791 and the EMA 50 of the weekly TF currently lying on it.
But for an upward reversal, you need to consolidate above the EMA 200 of this TF on the daily TF (currently $0.13291).
The asset, which, we recall, Arthur Hayes predicts a spot ETF by the end of this cycle and after the Ethereum ETF, remains very undervalued. We most likely will not sell even part of it before the 0.5 level on the global Fibonacci ($0.39484 rate). If everything goes as planned.