What Happens To Dogecoin If Twitter Fails To Implement Crypto Plans?
The price of Dogecoin has been rallying in tandem with the bullish news of Elon Musk purchasing Twitter. It continues to maintain such high values even in a bear market due to the expectations that Musk, who has publicly expressed support for the meme coin in the past, would incorporate the crypto into the social media platform. However, Musk has not shown any indication of doing this so far, so what happens if crypto is not implemented into Twitter? Twitter Dropping Its Crypto Plans Elon Musk’s ownership of Twitter has come with a lot of expectations, especially among crypto investors. At....
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DOGE’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards. DOGE’s price continues to trend above key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying. DOGE’s price remains strong on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Dogecoin (DOGE) showed some good price action to the upside as the price has continued to hold above its key support zones, with....
Cryptocurrencies such as BNB and FTT have been seeing some downside in the last 24 hours. This follows an eventful weekend that has culminated in what has been a clear intention of crypto exchange Binance to begin dumping its FTT holdings. As a result, there is expected to be a reaction from both FTT and BNB when the exchange completes the dumping of its billion-dollar holdings in FTT. Binance Pulls Out Of FTT Social media was lit afire when Binance CEO Changpeng Zhao (CZ) said that the crypto exchange had decided to liquidate its FTT position. Now, Binance had been an incubator for the....
FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm. First, there appears to be an ongoing war between FTX and the Binance crypto exchange. This is presumed to involve their respective CEOs, Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). Binance announced its plans to liquidate FTT token holdings, which it has carried out. There’s still no explanation for Binance’s sudden lack of interest in the FTT tokens. However, some opine that Binance may consider holding FTT tokens as a....
Bitcoin was tethering above $20,000 for the last week, and its ability to hold above this level through the FOMC announcement had led to speculations that the digital asset had finally hit its bottom. However, recent developments and bitcoin’s fall below $20,000 has proven that this is not the case. Even more, it points to a further decline in the market that could drag the cryptocurrency to even lower lows. Bottom Is Not In Bitcoin is now trading in the $19,000 which has completely destroyed the expectation that the bottom was already marked at $20,000. Despite the digital asset largely....
Social media platform Twitter has been dabbing into crypto for the past years, and the recent Elon Musk takeover might open the door to growing these efforts with Dogecoin (DOGE) at the center. The entrepreneur will implement changes to the platform. This possibility has created a lot of expectations from crypto investors. Related Reading: Do […]