X, Elon Musk’s social media platform, is embroiled in a controversy regarding free speech and content moderation. The platform faces a daily fine of $20,000 in Brazil after refusing to comply with a court order to block certain accounts.
The situation began when a Brazilian Supreme Court judge mandated the block of accounts accused of spreading misinformation. X, under Musk’s leadership, defied the order, citing principles of free speech. This resulted in the aforementioned daily fine.
Doge Designer (@cb_doge), an account associated with Dogecoin, took to the platform to express support for Musk and X’s stance on free speech.
He highlighted the financial penalty as a consequence of “fighting for free speech in Brazil” and encouraged users to subscribe to X’s premium services (X Premium and X Premium+). He wrote, “Subscribing is the only way to ensure that such governments cannot demand censorship of this platform.”
Elon Musk’s Response
Musk responded to Doge Designer’s post, expressing appreciation for the support and acknowledging its positive impact.

The situation has sparked a wider debate. Supporters of X’s stance argue that the platform upholds the crucial right to free speech and prevents government censorship.
Critics, however, argue that complete freedom of speech can increase the spread of misinformation and hate speech. They advocate for a balance between free speech and content moderation to prevent online harm.
The XRP Community Weighs In
XRPcryptowolf (@XRPcryptowolf), a prominent member of the XRP community responded to Musk, but his intentions did not revolve around the free speech debate. He attempted to leverage the situation to gain Musk’s attention regarding XRP, humorously asking for his XRP wallet for donation.

Musk recently revealed that Tesla will accept Dogecoin payments, and other crypto communities are trying to get his attention and potentially get their preferred cryptocurrency accepted or endorsed by the billionaire.
At press time, Musk had not responded to XRPcryptowolf. However, he received a barrage of comments, with community members sending their wallet addresses.
The situation in Brazil raises significant questions about the future of online content moderation. It remains to be seen how X will navigate this situation. However, Ripple Chief Technology Officer (CTO) David Schwartz does not believe Musk is truly a champion of free speech, making him recently called out the billionaire.

⚠️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.
#ElonsMusk #xrp

Despite a slight retreat from its recent peak at $0.22960, Dogecoin (#DOGE) appears poised for further gains, with the meme coin rebounding and aiming to surpass its previous high.
Technical Analysis of Dogecoin Price: Dogecoin has captured the attention of numerous crypto investors, standing out among meme coins like Shiba Inu and Pepecoin (PEPE) due to its vibrant and dedicated community. This community has been instrumental in driving Dogecoin's success thus far. At the time of writing, DOGE was trading around $0.19713, marking a more than 5% increase in the past 24 hours. Moreover, the price currently sits above its 4-day moving average, demonstrating robust upward momentum in the 100-hour timeframe.
Analysis of the MACD indicator in the 4-hour timeframe suggests an upward trend, as both the MACD line and the MACD signal line are converging towards the MACD zero line from below. Should these lines cross above the MACD zero line, Dogecoin could surge to establish a new high. Additionally, the MACD histogram already hovers above the zero line, indicating bullish momentum.
The Relative Strength Index (RSI) in the 4-hour timeframe further reinforces bullish sentiment, with the RSI signal line climbing above the 50% level towards the overbought zone. This suggests strong upward momentum, with active buying activity in the market.
Potential for Downside Pullback: Considering past price fluctuations, two key resistance levels and one primary support level have formed around $0.22960, $0.2244, and $0.19622, respectively. If DOGE manages to breach the $0.22441 resistance level, it could ascend further towards the $0.22960 resistance level.
#Dogecoin‬⁩ #ElonsMusk #BullorBear #Memecoins

Dogecoin's (DOGE) ongoing price action mirrors 2020 fractals that saw its price explode by more than 15,800% to a record high of $0.76 in just six months.
Dogecoin price trend in 2024 vs. 2021
The Dogecoin chart fractal below highlights the similarities between DOGE's ongoing price performance and those recording after the completion of the 2018-2020 bear market.
For instance, in 2018-2020, Dogecoin experienced a prolonged sideways movement within the $0.0012 to $0.0056 range. This phase occurred at the chart’s base levels, between the 0.236 and 0.0 Fibonacci retracement lines, underlining a period of relative market equilibrium with low volatility.
DOGE/USD weekly price chart. Source: TradingView
Mirroring the earlier consolidation pattern, Dogecoin has — once again — entered a consolidation phase, but at a higher price range between $0.055 and $0.181. Interestingly, these new bounds also align with the 0.236 and 0.0 Fib retracement levels, respectively.
The current attempt to surpass the 0.236 Fibonacci threshold is akin to the breakout observed in the previous cycle, which may indicate a significant shift in market sentiment if the price sustains above this level, currently at $0.181.
Dogecoin fundamentals 2020 vs. 2024
Fundamentals such as quantitative easing played a key role in sending Dogecoin prices up by more than 15,800% in 2020. Interestingly, the memecoin market is witnessing similar catalysts in 2024 as it attempts to break above its 0.236 Fib line resistance.
Rate cuts potential in 2024
In 2020, Dogecoin's price surged past its 0.236 Fibonacci level, partly fueled by increased cash liquidity resulting from the U.S. Federal Reserve's policy of lowering interest rates.
Likewise, Dogecoin's current efforts to breach the 0.236 Fibonacci threshold coincide with the anticipation of three potential interest rate cuts in 2024.
Source: X Altcoin boom after Bitcoin halving
Dogecoin’s 2024 price trends draw further similarities from the 2020 fractal due to the occurrence of Bitcoin halving, events that halve the reward for mining new blocks.
Remarkably, following Bitcoin's third halving on July 11, 2020, Dogecoin's price surged by an astonishing 34,300%.
DOGE/USD weekly price chart. Source: TradingView
Similarly, after Bitcoin's second halving, Dogecoin experienced a rally of over 6,350%, showcasing its potential for delivering high returns to investors seeking opportunities in alternative cryptocurrencies after halvings.
Related: Bitcoin halving hype: How retail investors can prepare
Bitcoin’s fourth halving will happen around April 19-20, following which Dogecoin’s price may explode if the history is any indication.
The return of Elon Musk
Elon Musk's active and public support of Dogecoin during 2020 and 2021 played a crucial role in its dramatic price increases while elevating its ranking among the top cryptocurrencies. Now, in 2024, the billionaire entrepreneur is eyeing a move toward integrating DOGE into mainstream platforms.
For instance, on March 14, Musk said his electric vehicle company, Tesla, could add DOGE payments for purchasing cars at some point in the future.
Source: X
Furthermore, Musk’s “everything app” X (previously known as Twitter) established an XPayments account for its forthcoming payment functionality. There’s a growing expectation that the X app will roll out in-app payment capabilities by mid-2024, which may include cryptocurrencies like Dogecoin.
Dogecoin technical analysis
Technically, Dogecoin’s weekly relative strength index (RSI) has crossed above 70, an overbought zone, which raises its potential to enter a correction or consolidation phase in April.
DOGE/USD weekly price chart. Source: TradingView
Nonetheless, a clear breakout above the 0.236 Fib resistance could send DOGE's price toward the 0.382 Fib line at around $0.26 by April's end. That is up approximately 35% from current price levels.  
Conversely, a decisive pullback from the 0.236 Fib line risks bringing Dogecoin's price toward its 50-week exponential moving average (50-week EMA; the red wave) at around $0.095, down about 48% from current prices.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. #doge #HotTrends #ElonsMusk #DogecoinFever $BTC