Dogecoin Becomes Most Mentioned Crypto on Twitter Ever as Price Soars

A Twitter account not officially affiliated to WallStreetBets prompted DOGE's latest social media-based price boost.

Dogecoin got a boost Tuesday morning when Elon Musk announced that Tesla will be accepting dogecoin for some products. Musk has just been named Time Magazine’s Person of the Year and said that DOGE is more suitable for transactions than bitcoin. Tesla Will Begin Accepting Dogecoin Tesla CEO Elon Musk has announced via Twitter that his electric car company will accept dogecoin (DOGE) for some products. In a tweet Tuesday morning, Musk wrote: “Tesla will make some merch buyable with doge & see how it goes.” The announcement came just one day after Musk was named Time....

The Dogecoin (DOGE) price has had an incredible weekend. Following Elon Musk’s confirmed Twitter acquisition, the DOGE price jumped 95% over the last seven days. The memecoin exploded to over $0.14 at times and is currently sitting at about $0.11. Musk’s gigantic influence on the DOGE price is an old acquaintance for the crypto market. Over the past few years, the Tesla and SpaceX CEO kept moving the price with his statements. But since the Twitter acquisition, he has gone quiet. Musk has not mentioned Dogecoin since the deal was closed. Related Reading: Dogecoin Continues To....

Crypto analyst KrissPax has revealed that the Dogecoin price has completed the first part of its bull phase, similar to what happened in the 2021 bull run. The analyst further provided insights into what is to come next for Dogecoin.  Dogecoin Price Completes First Bull Phase In an X post, KrissPax mentioned that the Dogecoin price has completed its first up-phase this bull cycle, similar to the 2021 and 2017 bull runs. He noted that those previous cycles recorded two additional up-phases with huge percentage gains. Based on this, Dogecoin could record two more up-phases before its price....

Key Highlights. Dogecoin price after a solid bullish ride failed around 80.0 Satoshis, which turned out to be a monster hurdle for buyers. A major selling interest was noted around the mentioned area, as the price dipped below 65.0. Sellers might remain active for a while, as there looks like a lot of bearish pressure on Dogecoin. Dogecoin price failure to trade above 80.0 Satoshis is a critical bearish sign, suggesting how important the resistance is for buyers in the near term. Monstrous decline. Dogecoin price as mentioned failed around 80.0, and traded lower. The downside reaction was....