Dogecoin (DOGE) price gained nearly 4% in less than an hour after news surfaced online that Twitter would allow crypto trading.

At the time of writing, Dogecoin was up 7% in the last 24 hours to outperform the top 10 cryptocurrencies by market capitalization in terms of daily gains.

Dogecoin jumped nearly 35% in the past week after Twitter users observed that their home buttons had been changed into the Doge meme. Though the logo has has since changed back to the iconic Twitter blue bird, the latest development represents a boost for Dogecoin and crypto adoption.

BREAKING: Twitter to enable crypto & stock trading in partnership with eToro. @elonmusk pic.twitter.com/F08NyCLYHP

— DogeDesigner (@cb_doge) April 13, 2023

Twitter added pricing data for its "cashtags" feature in December 2022. A Dogecoin Cashtag was also added, to the delight of the community.

Twitter partners with eToro for crypto trading

Through a partnership with social trading platform eToro, Twitter will provide access to stocks, cryptocurrencies and other financial assets for its users.

On the Twitter app, a new feature will go live on Thursday that allows users to watch market charts on a wider variety of financial instruments and buy and sell stocks and other assets via eToro.

Using Twitter's Cashtags feature, it is already possible to observe real-time trading information from TradingView. Twitter Cashtags will now cover a much wider range of securities and asset classes thanks to the partnership.

The feature will allow assets to be viewed on eToro, and users will be able to buy and sell crypto via the platform.

It is Elon Musk's goal to transform Twitter into a so-called "super app," where users would have access to a variety of services such as travel, banking and instant messaging.

#DOGE #DOGECOIN #ELONMUSK #crypto2023 #Binance

The world of cryptocurrencies is experiencing a range of innovative developments. According to recent news, the Financial Conduct Authority (FCA) of the United Kingdom has published new guidelines concerning cryptocurrencies. This guidance aims to combat companies that violate advertising standards by focusing on meme coins.

The Rise of Meme Coins:

According to the guidelines released by the FCA, the circulation of meme coins and other similar communications on social media platforms demonstrates that users are often unaware of the need to comply with regulations. Meme coins include popular cryptocurrencies such as Dogecoin, Shiba Inu, and Pepe (PEPE). These cryptocurrencies are often designed as internet memes and communicate with their communities through meme coins.

New Guidelines in the FCA's Framework:

The FCA's new guidelines state that crypto memes aimed at promoting meme coins must adhere to specific regulations to comply with advertising standards. Otherwise, companies will be in violation of the FCA's guidelines and may face serious penalties. The regulations introduced by the FCA indicate that meme coins like Dogecoin are not foreign to established projects in the digital currency ecosystem.

Impact of Meme Coins:

Meme coins are generally highly volatile and can greatly influence the price movements of underlying assets. Influential figures on social media, such as Elon Musk, are often perceived as signaling fundamental assets by regularly sharing Shiba Inu-related content. However, it is not yet clear how regulations will be applied in cases involving the general communication of such significant influencers. #memecoins #FCA #ELONMUSK

In Summary:

The Financial Conduct Authority (FCA) of the United Kingdom has published new guidelines specifically targeting meme coins in relation to cryptocurrencies. These guidelines aim to combat companies that violate guidelines related to the promotion of meme coins. Given the increasing popularity and usage of meme coins, the FCA's introduction of these regulations is considered a significant step in the cryptocurrency world. However, uncertainties regarding the regulation of influencers' roles are an issue that needs to be clarified in the future.

Elon Musk announced the launch of his ChatGPT competitor - X.AI.

Musk is famous for having a unwantedly strong influence over the crypto market.

Elon Musk entering the Artificial Intelligence space is set to trigger a reaction among the AI tokens.

Elon Musk has been a crucial part of the crypto industry for some time now, even though his existence in space has drawn him criticism. However, unfazed by the reactions, Musk continues to impact the market and is now set to influence a major portion of cryptocurrencies with his new product.

Elon Musk, Bitcoin and Dogecoin

The Twitter owner has affected the crypto market a bunch of times in the past. His prominence in the crypto space first grew with the stunts he pulled off in regard to Bitcoin. He even made his car company Tesla’s products available for purchase with Bitcoin and sometime later stopped that too, triggering a crash in May 2021.

Similarly, his influence over Dogecoin is one of the most disappointing developments to happen to the crypto market. His endorsement of the meme coin was so obvious and significant that it even urged people to nickname Musk as DOGEfather.

While the Dogecoin-related tweets did under $6.3 billion slow down recently, all this is evidence of how much he can influence the price action.

Elon Musk either generates the hype or capitalizes on it in his own way, and by the looks of it, that is what can be expected from his next announcement. The rival of ChatGPT - X.AI.

Despite being initially a part of the OpenAI team, Elon is only now launching the rival for the AI bot. This could result in the Tesla chief enjoying the bullishness of the AI hype with his X.AI Corporation.

Artificial Intelligence hype and its effect on the crypto market

The discourse surrounding Artificial Intelligence has grown over the past year, including investors’ interest over the last few months. Just like Elon Musk, crypto market investors are also always aiming at trends and what is pumping the hardest on social cues, eventually pushing its price on the charts.

When it comes to talking about the top AI tokens that could benefit from Elon Musk’s move, the list is not too long, as AI and such tokens are still in their infancy. The total market capitalization of these tokens is under $6.3

Among them, the top 5 cryptocurrencies have managed to make significant gains over the last seven days, Injective (INJ) has performed the best with a 48% rally, followed by the Render token with an increase of nearly 33% in a week.

Even though, in comparison, The Graph, SingularityNET and Oasis Network’s rally seem smaller, in terms of the broader market, these tokens still outperformed many top cryptocurrencies. 

Thus, Elon Musk’s entry into this space will certainly make AI tokens his new Dogecoin playground.

#Binance #crypto2023 #ai #ELONMUSK #BTC

NoMeme ($NOMEME) Token was launched shortly after Elon Musk tweeted a Milady NFT image and its price pumped 700% in its first hour and a half of existence. 

The new coin is now trading at $0.0003025 on decentralized exchange Uniswap, quickly amassing a trading volume of $30 million.

$NOMEME has an impressive liquidity of $1.7 million too and analysts are already talking up its 100x returns potential.

In Musk’s tweet, he overlays the NFT image with a caption reading:

“There is no meme - I love you”. It was a typically cryptic comment by Musk, or perhaps not cryptic at all. 

Elon Musk @elonmusk

Maybe Musk just likes the collection. 

It is a typically mysterious tweet, which is fitting for the Milady NFT collection, surrounded as it is by mystery. 

The collection is thought to be the work of the New York-based Remilia art collective and the meanings behind the NFT remain up for speculation.

Not surprisingly, perhaps, Elon Musk’s tweet has sent Milady NFT prices through the roof. 

The Milady Maker floor price is a whopping $10,575, or 5.7134 ETH at the current exchange rate.

The Milady Maker NFT collection’s value has shot up by 54% on top NFT marketplace Opensea.

Source / Milady

Has Elon Musk birthed a new coin category with $NONAME in its vanguard?

Elon Musk is well known for his role in pushing up the price of meme coins Dogecoin and Shiba Inu, so fast-moving crypto engineers and teams are showing great agility in promptly taking advantage.

It is not known who is behind $NOMEME, but it was launched at 19:00 UTC, within three hours after Musk posted his tweet.

Those in the know who watch the latest hot trends in the crypto market will have moved quickly to seize this opportunity for gains that could bring token owners astronomic returns.

NoMeme is trending at No.1 on Dexscreener:

$NOMEME immediately raced ahead to kill a zero, breaking through $0.0010 an hour into the start of trading. 

The price has since retraced providing newcomers an optimal entry point.

DEXTools.io / NOMEME USD

As news of the coin’s existence spreads, expect early price action to see its price rapidly appreciate in the coming hours.S

uch is Elon Musk’s influence – his Milady tweet has been viewed 15.6 million times already and liked 141,500 times – the “NoMeme” news is spreading like wildfire across the internet, and so too is buying interest in $NOMEME.I

t looks like the team behind the coin has made it super easy to buy the token.

Just head over to the nomeme website, connect your wallet to the Uniswap widget and make your purchase. 

By recent standards, Ethereum gas fees are currently a reasonable $20 or so as opposed to the $90 or more seen last week.

source: cryptonews 

image source: NoMeme.Io

#NOMEME #ELONMUSK #PEPE #Meme #dyor

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Prices of the NFT collection have soared in the past two days.

The Milady non-fungible token (NFT) collection spiked after receiving acknowledgement from Twitter owner Elon Musk, drawing parallels to Musk's treatment of dogecoin (DOGE).

Miladys are a profile-pic (PFP) NFT, which consists of 9,823 images featuring wide-eyed childlike faces. Despite the innocent imagery, the collection has faced controversy over conspiracy theories and slurs shared by the creator behind Remilia and the project, known as Charlotte Fang, Charlie Fang, or Charlemagne.

Prices of the controversial collection jumped as much as 60% after a Musk tweet featuring a Milady NFT overlaid with the words, “There is no meme, I love you."

The collection trended to the top of NFT marketplace OpenSea shortly after Musk's tweet – with prices reaching $13,700 worth of ether (ETH) per NFT at the peak.

OpenSea data shows trading volumes surged to over 12,000 ether, worth over $22 million, in the past 24 hours. This was a tenfold increase compared to last week, the data show.

The Elon Effect

Musk’s tweets have proven to cause immense jumps in the tokens mentioned by him – most popularly dogecoin (DOGE). In a tweet in May 2021, Musk stated he was working with Dogecoin developers to improve system efficiency, sending the tokens up 22% immediately.

In December 2021, dogecoin surged 33% when Musk said electric-car maker Tesla (TSLA) would accept the token as payment for its merchandise.

These jumps are short-lived, however, as traders and automated bots pile on the tokens mentioned by Musk following his Twitter comments only to sell for a handsome profit days afterward. This is typically seen in price charts as a short-term spike and a gradual sell-off.

Milady NFTs could see the same trading action in the days ahead. Prices have already corrected 7% compared to Thursday despite the high volumes – meaning a sell-off could already be in play.

source: coindesk

image source: ai

#NFT #DOGE #ELONMUSK #dyor #Meme

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

In what could be a groundbreaking encounter in the crypto-verse, Shytoshi Kusama, the pseudonymous architect behind the Shiba Inu project, has reached out to tech magnate Elon Musk. Kusama invited Tesla CEO Musk to the upcoming Blockchain Futurist Conference. The event, taking place on August 15 & 16, 2023 in Toronto, Canada, is expected to unveil the much-anticipated Shibarium, Shiba Inu’s own layer 2 blockchain.

Capitalizing on Musk’s recent display of fondness for Canada, Kusama shared the invitation via Twitter: “See you at Blockchain Futurist Conference”. Interestingly, Musk had also mentioned “Shiba Inu” in an earlier tweet, albeit likely in the context of the popular dog breed, alluding to Dogecoin (DOGE), not the cryptocurrency SHIB. However, the coincidence wasn’t lost on the SHIB community, stirring excitement and anticipation in the ranks.

The Blockchain Futurist Conference is not merely a stage for Shiba Inu’s endeavors; the meme coin has risen to the status of one of the title sponsors of the event. This association aligns Shiba Inu with other major players in the cryptocurrency landscape, bolstering its position in the market.

One of the highlights of the conference for Shiba Inu is the unveiling of its completed Worldpaper. This detailed document will throw light on all SHIB branded projects, introducing them to the broader crypto community. The Worldpaper will also include an exclusive first-time discussion on the Treat project, a significant initiative under the Shiba Inu banner.

Furthermore, Kusama has further stoked the fires of anticipation by confirming that there are strong indicators pointing towards the launch of the L2 Shibarium at the conference. This move is expected to mark a significant milestone in Shiba Inu’s journey towards creating a robust, community-driven blockchain ecosystem.

Shiba Inu: Remaining BONE Will Be Minted

Adding fuel to the fire of anticipation surrounding the Blockchain Futurist Conference, Kusama released significant news regarding the future of BONE, the digital token associated with the SHIB community.

In a major blog post, Kusama shed light on upcoming developments: “With the incoming launch of Shibarium…we will mint the remaining supply of BONE and renounce the BONE contract,” he disclosed.

This pivotal decision will prevent further minting of BONE and ensure that a substantial portion is allocated to validators in the upcoming blockchain system. BONE is also set to serve as the gas token for Shibarium and play a crucial role in technology governance within the new system.

This reveals Shiba Inu’s grand strategy of trailblazing a decentralized future, stepping beyond the current state of affairs in the crypto sphere. As Kusama eloquently put it, “This isn’t just about following the path of decentralization; this is about trailblazing a new destiny for the world.”

At press time, SHIB bulls were still struggling with the 23.6% Fibonacci retracement level, which had been the former resistance line of an ascending triangle. To confirm bullish momentum, SHIB needs to stay above this support level.

Shiba Inu struggling with the 23.6% Fib level, 1-day

#SHIBAINU #REXBOX #ELONMUSK #crypto2023

$SHIB