Dogecoin Set For 10x Surge? Elon Musk’s Anime X Post Sparks Hype
Dogecoin’s price is showing signs of a potential big jump, according to recent market analysis. The cryptocurrency, known for its Shiba Inu dog mascot, saw a 14% increase in its value over the past week. Traders are watching closely as it approaches a key resistance level of $0.20. If it breaks past this point, some analysts predict it could reach $2, a tenfold increase from its current position. Related Reading: Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100 Musk’s Social Media Influence Elon Musk’s recent activity on social media is again a topic of....
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The world’s richest man, Elon Musk, recently posted a picture of a Shiba Inu, Dogecoin’s mascot. However, the Dogecoin price failed to react positively to the post, as it has most times done in the past when Musk made similar posts. Dogecoin Price Fails To React to Elon Musk’s Shiba Inu Post The Dogecoin price failed to surge on the back of Elon Musk’s X post, in which he posted a meme of a Shiba Inu playing a banjo. DOGE has in the past rallied on the back of such posts because the Japanese dog breed is the meme coin’s mascot. Notably, the post comes amid a crypto market downturn, which....
Following weeks of speculation and extreme volatility, many traders were expecting Dogecoin to surge to new highs from Elon Musk’s Saturday Night Live appearance. In anticipation of the Tesla CEO’s debut on SNL, Dogecoin’s price surged nearly 100% in the past week alone. On Friday, Dogecoin hit its all time high of $0.71 cents — […]
Dogecoin had grown mainly off the back of billionaire Elon Musk’s shilling. By this time last year, the meme coin was booming in its full glory as tweet after tweet from the ‘Dogefather’ brought investors into the project in droves. Since then, the hype around the project has since died down as the price has […]
Shortly before Tesla revealed its major bitcoin buy, CEO Elon Musk was pumping doge. But is that funny, or just disingenuous? The post Are Elon Musk’s Dogecoin Tweets Misdirections? Or Just Bad Jokes? appeared first on Bitcoin Magazine.
Musk appeared to cool the hype on Dogecoin while suggesting the meme coin's fate was now in the hands of the gods. Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla CEO appeared intent on cooling the flurry of hype he’d created around the meme cryptocurrency Dogecoin (DOGE). Months of light-hearted build-up lead to a sobering punchline on Thursday, as Musk reminded TMZ viewers that cryptocurrency investments remained speculative. Responding to whether he thought Dogecoin was made less valuable by the fact of its inflationary supply, Musk conceded that this was the....