ElonMuskImpact
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🚀 Riot Platforms Acquires 5,117 Bitcoins for $510 Million 🚀
Riot Platforms, one of the leading Bitcoin mining companies, has made a bold move by acquiring 5,117 Bitcoins for a whopping $510 million. This substantial purchase signals growing confidence in Bitcoin as a key asset in the digital economy.
💡 Why This Matters
1️⃣ Institutional Confidence:
Riot Platforms’ investment highlights the increasing role of institutional players in the crypto space.
This move reflects growing trust in Bitcoin's long-term value and its role as a hedge against traditional financial risks.
2️⃣ Strategic Expansion:
By expanding its Bitcoin holdings, Riot is reinforcing its position as a major player in the cryptocurrency mining sector.
This investment boosts Riot's ability to leverage BTC price fluctuations and enhances its financial stability.
3️⃣ Market Impact:
Large-scale purchases like this can influence Bitcoin's market sentiment, often leading to price momentum.
It sends a strong signal to other companies and investors about the viability of digital assets as part of a diversified portfolio.
📈 Riot’s Long-Term Vision
This acquisition aligns with Riot Platforms' broader strategy to strengthen its reserves and increase its influence in the cryptocurrency industry. As more companies look to diversify into digital assets, Riot's move could inspire other firms to follow suit.
🔥 Key Takeaways
5,117 BTC Acquired for $510M by Riot Platforms.
Reflects growing institutional confidence in Bitcoin's potential.
Positions Riot for future growth in the rapidly evolving crypto market.
As Bitcoin continues to gain traction globally, institutional moves like this could shape the future of the digital currency market. Will more companies follow Riot’s lead? Stay tuned for updates on this growing trend. 🚀
#BitcoinKeyZone #NewsAboutCryptoOfThisYear #ElonMuskImpact #CryptoNewss #NewsAboutCrypto $BTC
Riot Platforms, one of the leading Bitcoin mining companies, has made a bold move by acquiring 5,117 Bitcoins for a whopping $510 million. This substantial purchase signals growing confidence in Bitcoin as a key asset in the digital economy.
💡 Why This Matters
1️⃣ Institutional Confidence:
Riot Platforms’ investment highlights the increasing role of institutional players in the crypto space.
This move reflects growing trust in Bitcoin's long-term value and its role as a hedge against traditional financial risks.
2️⃣ Strategic Expansion:
By expanding its Bitcoin holdings, Riot is reinforcing its position as a major player in the cryptocurrency mining sector.
This investment boosts Riot's ability to leverage BTC price fluctuations and enhances its financial stability.
3️⃣ Market Impact:
Large-scale purchases like this can influence Bitcoin's market sentiment, often leading to price momentum.
It sends a strong signal to other companies and investors about the viability of digital assets as part of a diversified portfolio.
📈 Riot’s Long-Term Vision
This acquisition aligns with Riot Platforms' broader strategy to strengthen its reserves and increase its influence in the cryptocurrency industry. As more companies look to diversify into digital assets, Riot's move could inspire other firms to follow suit.
🔥 Key Takeaways
5,117 BTC Acquired for $510M by Riot Platforms.
Reflects growing institutional confidence in Bitcoin's potential.
Positions Riot for future growth in the rapidly evolving crypto market.
As Bitcoin continues to gain traction globally, institutional moves like this could shape the future of the digital currency market. Will more companies follow Riot’s lead? Stay tuned for updates on this growing trend. 🚀
#BitcoinKeyZone #NewsAboutCryptoOfThisYear #ElonMuskImpact #CryptoNewss #NewsAboutCrypto $BTC
Baby Doge Coin surges over 75% following Elon Musk’s cryptic tweet
Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.
While Bitcoin btc 0.28% Bitcoin has shown volatility recently following its push to a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market conditions.
The price of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.
Musk has shown his influence in the crypto market before. Recall how his previous tweets about Dogecoin doge 8.01% Dogecoin triggered a price pump and, eventually, a lawsuit.
The Tesla founder tweeted a photo of himself and his son along with the words “Dogefather” and “Dogeson” stylized like the logo of the 1972 film “The Godfather.” As a reply to the tweet, he mentioned “Doge & Minidoge”.
Following the tweet, the price of DOGE jumped over 4%, and BABYDOGE rose by over 75%.
The official X account of BABYDOGE also replied to the tweet, “You mean babydoge?”
On Dec 5, the Baby Doge team tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development side, the meme coin team has been working on launching their meme token launch platform called puppy.fun.
BABYDOGE also recently renounced their token contract on Solana sol 0.99%Solana. The meme coin, which was initially launched on the BNB Chain, has now also expanded to the Solana network. In late November, Binance had also announced a new spot listing for BABYDOGE.
The recent surge of BABYDOGE amidst the volatile market conditions could primarily be attributed to Musk’s tweet alongside the overall developments by their team.
#babydogecion #ElonMuskImpact #memecoin #cryptomarket #CryptoNews
Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.
While Bitcoin btc 0.28% Bitcoin has shown volatility recently following its push to a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market conditions.
The price of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.
Musk has shown his influence in the crypto market before. Recall how his previous tweets about Dogecoin doge 8.01% Dogecoin triggered a price pump and, eventually, a lawsuit.
The Tesla founder tweeted a photo of himself and his son along with the words “Dogefather” and “Dogeson” stylized like the logo of the 1972 film “The Godfather.” As a reply to the tweet, he mentioned “Doge & Minidoge”.
Following the tweet, the price of DOGE jumped over 4%, and BABYDOGE rose by over 75%.
The official X account of BABYDOGE also replied to the tweet, “You mean babydoge?”
On Dec 5, the Baby Doge team tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development side, the meme coin team has been working on launching their meme token launch platform called puppy.fun.
BABYDOGE also recently renounced their token contract on Solana sol 0.99%Solana. The meme coin, which was initially launched on the BNB Chain, has now also expanded to the Solana network. In late November, Binance had also announced a new spot listing for BABYDOGE.
The recent surge of BABYDOGE amidst the volatile market conditions could primarily be attributed to Musk’s tweet alongside the overall developments by their team.
#babydogecion #ElonMuskImpact #memecoin #cryptomarket #CryptoNews
Baby Doge Coin surges over 75% following Elon Musk’s cryptic tweet
Baby Doge Coin surges over 75% following Elon Musk’s cryptic tweet
Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.
While Bitcoin btc 0.28% Bitcoin has shown volatility recently following its push to a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market conditions.
The price of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.
Musk has shown his influence in the crypto market before. Recall how his previous tweets about Dogecoin doge 8.01% Dogecoin triggered a price pump and, eventually, a lawsuit.
The Tesla founder tweeted a photo of himself and his son along with the words “Dogefather” and “Dogeson” stylized like the logo of the 1972 film “The Godfather.” As a reply to the tweet, he mentioned “Doge & Minidoge”.
Following the tweet, the price of DOGE jumped over 4%, and BABYDOGE rose by over 75%.
The official X account of BABYDOGE also replied to the tweet, “You mean babydoge?”
On Dec 5, the Baby Doge team tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development side, the meme coin team has been working on launching their meme token launch platform called puppy.fun.
BABYDOGE also recently renounced their token contract on Solana sol 0.99%Solana. The meme coin, which was initially launched on the BNB Chain, has now also expanded to the Solana network. In late November, Binance had also announced a new spot listing for BABYDOGE.
The recent surge of BABYDOGE amidst the volatile market conditions could primarily be attributed to Musk’s tweet alongside the overall developments by their team.
#babydogecion #ElonMuskImpact #memecoin #cryptomarket #CryptoNews
Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.
While Bitcoin btc 0.28% Bitcoin has shown volatility recently following its push to a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market conditions.
The price of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.
Musk has shown his influence in the crypto market before. Recall how his previous tweets about Dogecoin doge 8.01% Dogecoin triggered a price pump and, eventually, a lawsuit.
The Tesla founder tweeted a photo of himself and his son along with the words “Dogefather” and “Dogeson” stylized like the logo of the 1972 film “The Godfather.” As a reply to the tweet, he mentioned “Doge & Minidoge”.
Following the tweet, the price of DOGE jumped over 4%, and BABYDOGE rose by over 75%.
The official X account of BABYDOGE also replied to the tweet, “You mean babydoge?”
On Dec 5, the Baby Doge team tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development side, the meme coin team has been working on launching their meme token launch platform called puppy.fun.
BABYDOGE also recently renounced their token contract on Solana sol 0.99%Solana. The meme coin, which was initially launched on the BNB Chain, has now also expanded to the Solana network. In late November, Binance had also announced a new spot listing for BABYDOGE.
The recent surge of BABYDOGE amidst the volatile market conditions could primarily be attributed to Musk’s tweet alongside the overall developments by their team.
#babydogecion #ElonMuskImpact #memecoin #cryptomarket #CryptoNews
Any account doing engagement farming will be suspended and traced to source- Elon Musk
What’s your thoughts on this move ?
#Cyptonews
#BTC
#ElonMuskImpact
What’s your thoughts on this move ?
#Cyptonews
#BTC
#ElonMuskImpact
🚀🐕 Exciting News Alert: Tesla Embraces Dogecoin Payments! 🐾🚗
In a groundbreaking move, Tesla, led by Elon Musk, has officially announced its acceptance of Dogecoin as a payment method at Tesla Shops. Now, customers can utilize Dogecoin to purchase eligible Tesla products, marked by the iconic Dogecoin symbol on the order page. This update, implemented as recently as May 4, marks a significant milestone for both Tesla and the Dogecoin community.
To make a purchase using Dogecoin, customers must use a Dogecoin wallet, with prices for eligible Tesla products clearly displayed in Dogecoin, inclusive of taxes. However, it's crucial to note the terms and conditions associated with Dogecoin payments, including restrictions on using payments from multiple wallets, no order cancellations, and no returns for Dogecoin-purchased items.
It's worth highlighting that Tesla exclusively accepts Dogecoin as a payment method, as per Musk's previous endorsement of Dogecoin during an event at the Tesla Gigafactory in Germany. This decision underscores Tesla's commitment to embracing innovative payment solutions and aligns with Musk's vision for the future of digital currency.
In tandem with this announcement, Dogecoin has experienced a notable surge, with a 20% increase in price within 24 hours, driven by heightened trading activity.
Don't miss out on this exciting development in the crypto world! 🌟📈 #altcoins #CryptoRevolution #ElonMuskImpact 🚀🌕
In a groundbreaking move, Tesla, led by Elon Musk, has officially announced its acceptance of Dogecoin as a payment method at Tesla Shops. Now, customers can utilize Dogecoin to purchase eligible Tesla products, marked by the iconic Dogecoin symbol on the order page. This update, implemented as recently as May 4, marks a significant milestone for both Tesla and the Dogecoin community.
To make a purchase using Dogecoin, customers must use a Dogecoin wallet, with prices for eligible Tesla products clearly displayed in Dogecoin, inclusive of taxes. However, it's crucial to note the terms and conditions associated with Dogecoin payments, including restrictions on using payments from multiple wallets, no order cancellations, and no returns for Dogecoin-purchased items.
It's worth highlighting that Tesla exclusively accepts Dogecoin as a payment method, as per Musk's previous endorsement of Dogecoin during an event at the Tesla Gigafactory in Germany. This decision underscores Tesla's commitment to embracing innovative payment solutions and aligns with Musk's vision for the future of digital currency.
In tandem with this announcement, Dogecoin has experienced a notable surge, with a 20% increase in price within 24 hours, driven by heightened trading activity.
Don't miss out on this exciting development in the crypto world! 🌟📈 #altcoins #CryptoRevolution #ElonMuskImpact 🚀🌕
#$XAI have a good chance to pump..
Because AI sector will be raise soon or later.
It's time to invest $XAI
Maybe $DOGE can be affected too
#ElonMuskImpact
Because AI sector will be raise soon or later.
It's time to invest $XAI
Maybe $DOGE can be affected too
#ElonMuskImpact
Purchase $BTC and $ETH today 😁... act now, not later!
The market shows green signals, urging for more investments! With the halving approaching rapidly, mining becomes increasingly challenging and costly to maintain profitability.
While Bitcoin dominates the market, Ethereum offers a safer alternative and is poised to follow any bullish trend ✌️🔥
Tonight, we stand strong like Spartans, ready to face the challenges ahead and reap the rewards 💵💵💵
Wishing everyone the best of luck and encourage HODLing ❤️ Stay resilient against market manipulations 😎
#TrendingNow #FreeSignals #CryptoUpdates 🚀🔥 #ElonMuskImpact #BNBChain
The market shows green signals, urging for more investments! With the halving approaching rapidly, mining becomes increasingly challenging and costly to maintain profitability.
While Bitcoin dominates the market, Ethereum offers a safer alternative and is poised to follow any bullish trend ✌️🔥
Tonight, we stand strong like Spartans, ready to face the challenges ahead and reap the rewards 💵💵💵
Wishing everyone the best of luck and encourage HODLing ❤️ Stay resilient against market manipulations 😎
#TrendingNow #FreeSignals #CryptoUpdates 🚀🔥 #ElonMuskImpact #BNBChain
💥💥 Win Reward 💥💥
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#BTC #xrp #Aevo #WLD #ETH
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#BTC #xrp #Aevo #WLD #ETH
The brand that Elon Musk once detested turned into a vehicle goliath
CNN helped me to remember Elon Musk's words about BYD, Tesla's solid adversary.
As per CNN, BYD, the #Chinese car maker that Tesla's proprietor Elon Musk once ridiculed, outperformed Tesla as the organization selling the most electric vehicles on the planet toward the finish of a year ago. The Warren Buffett-supported organization and Tesla have been endlessly neck from that point onward.
Presently BYD is trying by presenting another half and half powertrain that it says can take it from New York to Miami without refueling, as indicated by CNN's examination. This figure implies around 2,100 kilometers in a single excursion. As indicated by The Money Road Diary, driving worldwide crossover vehicle producers commonly have ranges around 1,100 kilometers.
As per CNN's examination, #Tesla is the top rated electric vehicle in the US, however is losing piece of the pie abroad to rivals that can create vehicles at less expense. As per CNN, Tesla has not made any huge developments lately and BYD is somewhat modest, permitting the Chinese brand to challenge Tesla.
In his article, CNN questions how #BYD changed from a little piece maker into a worldwide force to be reckoned with. He reviews #ElonMusk saying in a 2011 meeting with Bloomberg that he didn't treat BYD in a serious way.
CNN revealed, "In that meeting, Elon Musk answered the inquiry concerning BYD rivaling Tesla with an egotistical snicker. "Have you seen their vehicles?" to the questioner. he asked, and when the journalist squeezed him, he said he believed BYD's item was "ugly" and its innovation "wasn't serious areas of strength for exceptionally."
#ElonMuskImpact
CNN helped me to remember Elon Musk's words about BYD, Tesla's solid adversary.
As per CNN, BYD, the #Chinese car maker that Tesla's proprietor Elon Musk once ridiculed, outperformed Tesla as the organization selling the most electric vehicles on the planet toward the finish of a year ago. The Warren Buffett-supported organization and Tesla have been endlessly neck from that point onward.
Presently BYD is trying by presenting another half and half powertrain that it says can take it from New York to Miami without refueling, as indicated by CNN's examination. This figure implies around 2,100 kilometers in a single excursion. As indicated by The Money Road Diary, driving worldwide crossover vehicle producers commonly have ranges around 1,100 kilometers.
As per CNN's examination, #Tesla is the top rated electric vehicle in the US, however is losing piece of the pie abroad to rivals that can create vehicles at less expense. As per CNN, Tesla has not made any huge developments lately and BYD is somewhat modest, permitting the Chinese brand to challenge Tesla.
In his article, CNN questions how #BYD changed from a little piece maker into a worldwide force to be reckoned with. He reviews #ElonMusk saying in a 2011 meeting with Bloomberg that he didn't treat BYD in a serious way.
CNN revealed, "In that meeting, Elon Musk answered the inquiry concerning BYD rivaling Tesla with an egotistical snicker. "Have you seen their vehicles?" to the questioner. he asked, and when the journalist squeezed him, he said he believed BYD's item was "ugly" and its innovation "wasn't serious areas of strength for exceptionally."
#ElonMuskImpact
DOGE $0.40 READY TO EXPLODE HARD
We have stated many times that we are bullish on DOGE since $0.078 and will not make a single sell before 0.40. We will soon start seeing Elon Musk's tweets about $DOGE . At this point, the rise may continue slowly. As Musk tweets, we will slowly start selling.$DOGE
#BullorBear #Memecoins #bitcoinhalving #ElonMuskImpact
We have stated many times that we are bullish on DOGE since $0.078 and will not make a single sell before 0.40. We will soon start seeing Elon Musk's tweets about $DOGE . At this point, the rise may continue slowly. As Musk tweets, we will slowly start selling.$DOGE
#BullorBear #Memecoins #bitcoinhalving #ElonMuskImpact
DIVERGENT VIEWS ON CRYPTOCURRENCY
Cryptocurrency has garnered attention from a diverse range of famous individuals. Elon Musk, CEO of Tesla and SpaceX, has expressed interest in cryptocurrencies like Bitcoin and Dogecoin, although his comments have sometimes been unpredictable, leading to fluctuations in their value. Jack Dorsey, the co-founder and CEO of Twitter, is a vocal advocate for Bitcoin, seeing it as a potential tool for financial empowerment. On the other hand, Warren Buffett, the legendary investor, has been more skeptical, famously calling Bitcoin "rat poison squared." Despite differing opinions, cryptocurrency continues to capture the imagination of both the tech elite and traditional finance.
#BTC #CryptoWatchMay2024 #ElonMuskImpact
What do you think about cryptocurrency, and are you investing? What is your favorite crypto?
Follow me for more updates about cryptocurrency 👍
Cryptocurrency has garnered attention from a diverse range of famous individuals. Elon Musk, CEO of Tesla and SpaceX, has expressed interest in cryptocurrencies like Bitcoin and Dogecoin, although his comments have sometimes been unpredictable, leading to fluctuations in their value. Jack Dorsey, the co-founder and CEO of Twitter, is a vocal advocate for Bitcoin, seeing it as a potential tool for financial empowerment. On the other hand, Warren Buffett, the legendary investor, has been more skeptical, famously calling Bitcoin "rat poison squared." Despite differing opinions, cryptocurrency continues to capture the imagination of both the tech elite and traditional finance.
#BTC #CryptoWatchMay2024 #ElonMuskImpact
What do you think about cryptocurrency, and are you investing? What is your favorite crypto?
Follow me for more updates about cryptocurrency 👍
Just elon musk interview to Donaland trump 🚀
#ElonMuskUpdates #ElonMuskImpact
Elon musk interviewe to trump on 12 Augest ready for big news 🤭😍
#BTC☀ #btc70 #btc73k
$BTC
#ElonMuskUpdates #ElonMuskImpact
Elon musk interviewe to trump on 12 Augest ready for big news 🤭😍
#BTC☀ #btc70 #btc73k
$BTC
### 🚨 BREAKING NEWS 🚨
---
🇺🇸 **Hold onto your seats, folks!** Elon Musk has just agreed to host a presidential debate unlike any other! 🎤💥
---
### Get Ready for the Showdown:
- **Debaters**: President Biden vs. Donald Trump
- **Moderator**: The one and only Elon Musk 🚀🔥
---
🌟 **History in the Making**:
Who will triumph in this epic clash of ideas and visions for the future? 🤔💭
---
### Stay Tuned for Updates:
⚡️ **Don't miss a moment of the action** – follow us for the latest updates on this unprecedented debate! 📺🔥
#PresidentialDebate #ElonMuskImpact . #BidenCryptoCritique #Trump
### Follow Us for More:
Stay updated on this electrifying event! 📢🔔
---
🇺🇸 **Hold onto your seats, folks!** Elon Musk has just agreed to host a presidential debate unlike any other! 🎤💥
---
### Get Ready for the Showdown:
- **Debaters**: President Biden vs. Donald Trump
- **Moderator**: The one and only Elon Musk 🚀🔥
---
🌟 **History in the Making**:
Who will triumph in this epic clash of ideas and visions for the future? 🤔💭
---
### Stay Tuned for Updates:
⚡️ **Don't miss a moment of the action** – follow us for the latest updates on this unprecedented debate! 📺🔥
#PresidentialDebate #ElonMuskImpact . #BidenCryptoCritique #Trump
### Follow Us for More:
Stay updated on this electrifying event! 📢🔔
Lots of love love on the world's role model my favorite Elon Musk's doge and meme.$DOGE
#ElonMuskUpdates #meme_coin #elonmusktweet #ElonMuskImpact #BinanceSquareFamily $BTC
#ElonMuskUpdates #meme_coin #elonmusktweet #ElonMuskImpact #BinanceSquareFamily $BTC
ELON MUSK announced he loves $SHIB
ELON MUSK announced that $DOGE could be accepted at Tesla
ELON MUSK issued TODAY cryptocurrencies.
Can you see it??????
I think #ElonsMusk saw his famous #ElonMuskImpact the first two Times and it worked again!!!!!
Sure...the $BTC dipps today.... What do the think Elon Musk will do next???
I think he invests to get the most money from the Halving-Bullrun so
WHAT DO YOU THINK?
ELON MUSK announced that $DOGE could be accepted at Tesla
ELON MUSK issued TODAY cryptocurrencies.
Can you see it??????
I think #ElonsMusk saw his famous #ElonMuskImpact the first two Times and it worked again!!!!!
Sure...the $BTC dipps today.... What do the think Elon Musk will do next???
I think he invests to get the most money from the Halving-Bullrun so
WHAT DO YOU THINK?
investing and double his cash
61%
get the f..money out of crypto
39%
62 votes • Voting closed
DOGE Soars to 11-Week High Following Elon Musk’s Move
Dogecoin has seen a significant price increase within 24 hours, possibly due to Elon Musk's recent interaction at a public event.
DOGE Continues to Grow
Dogecoin (DOGE) was the top-performing cryptocurrency in the top 20 on October 18, rising 9% to surpass the $0.13 mark. This is the first time the coin has reached such a high since late July.
The price increase can be attributed to recent comments by Elon Musk during a speech in Pennsylvania. When asked if he would lead a potential new department (called the Bureau of Government Efficiency) in the Donald Trump administration, the Tesla CEO simply replied, “Yeah, DOGE,” to applause from the audience.
Doge Price Chart
This is not the first time the top meme coin has surged following an interaction from one of the richest people on the planet. In March of this year, Musk said Tesla might accept DOGE payments “in the future.” This sent the token’s price up by double digits.
Two months later, the electric car company officially integrated DOGE as a payment method on its website, sparking a massive (albeit short-lived) rally for the asset.
Musk has been vocal in his support for Dogecoin in recent years, praising its virtues on multiple occasions. At one point, he even called himself “DOGEFATHER.”
Is DOGE Ready for Another Bull Run?
The meme coin’s recent rally has caught the attention of many analysts. One X user named Dylan suggested that after DOGE’s surge, other altcoins could follow suit.
Doge Analytics
Earlier this week, Ali Martinez joined the discussion, making a somewhat controversial prediction. He presented a chart showing that DOGE could surge to a record high of $10 in the next few months.
However, it should be noted that DOGE’s market cap would need to increase to around $1.4 trillion to achieve this. Currently, only Bitcoin (BTC) comes close to that level, while the total market capitalization of the entire cryptocurrency market is hovering around $2.44 trillion (according to CoinGecko data).
Despite the overwhelming optimism, one indicator suggests that DOGE could soon be headed lower. That is the Relative Strength Index (RSI), which is currently above the crucial 70 level. Typically, such metrics indicate that DOGE is overbought and could see a correction in the near term.
#DogeForever #DogeStrong #TeslaTransferBTC #SCRSpotTradingOnBinance #ElonMuskImpact
DOGE Continues to Grow
Dogecoin (DOGE) was the top-performing cryptocurrency in the top 20 on October 18, rising 9% to surpass the $0.13 mark. This is the first time the coin has reached such a high since late July.
The price increase can be attributed to recent comments by Elon Musk during a speech in Pennsylvania. When asked if he would lead a potential new department (called the Bureau of Government Efficiency) in the Donald Trump administration, the Tesla CEO simply replied, “Yeah, DOGE,” to applause from the audience.
Doge Price Chart
This is not the first time the top meme coin has surged following an interaction from one of the richest people on the planet. In March of this year, Musk said Tesla might accept DOGE payments “in the future.” This sent the token’s price up by double digits.
Two months later, the electric car company officially integrated DOGE as a payment method on its website, sparking a massive (albeit short-lived) rally for the asset.
Musk has been vocal in his support for Dogecoin in recent years, praising its virtues on multiple occasions. At one point, he even called himself “DOGEFATHER.”
Is DOGE Ready for Another Bull Run?
The meme coin’s recent rally has caught the attention of many analysts. One X user named Dylan suggested that after DOGE’s surge, other altcoins could follow suit.
Doge Analytics
Earlier this week, Ali Martinez joined the discussion, making a somewhat controversial prediction. He presented a chart showing that DOGE could surge to a record high of $10 in the next few months.
However, it should be noted that DOGE’s market cap would need to increase to around $1.4 trillion to achieve this. Currently, only Bitcoin (BTC) comes close to that level, while the total market capitalization of the entire cryptocurrency market is hovering around $2.44 trillion (according to CoinGecko data).
Despite the overwhelming optimism, one indicator suggests that DOGE could soon be headed lower. That is the Relative Strength Index (RSI), which is currently above the crucial 70 level. Typically, such metrics indicate that DOGE is overbought and could see a correction in the near term.
#DogeForever #DogeStrong #TeslaTransferBTC #SCRSpotTradingOnBinance #ElonMuskImpact
X-Empire Token Future !!
Elon Musk AI avatar of this telegram mini app can lean to high profit !!
XUSDT to the moon !! 2$-5$ with in a years !!
Those who have got from airdrop don't sell , hold till it reaches minimum 1$ , selling cannot make you happy if it rises!
For other you can hold in spot buying 50-100$ assets which can lead you to more than 10000$ !!
Enjoy !!
#ElonMuskImpact
#ElonMuskUpdates
#BTC☀
#Xempireworld
Elon Musk AI avatar of this telegram mini app can lean to high profit !!
XUSDT to the moon !! 2$-5$ with in a years !!
Those who have got from airdrop don't sell , hold till it reaches minimum 1$ , selling cannot make you happy if it rises!
For other you can hold in spot buying 50-100$ assets which can lead you to more than 10000$ !!
Enjoy !!
#ElonMuskImpact
#ElonMuskUpdates
#BTC☀
#Xempireworld