doge coin

Summary:

  • The history of Elon Musk and Dogecoin.
  • Dogecoin’s possible multiple uses going forward.

 

Read next: Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry. 


 

The Dogecoin drone show.

At the latest Tesla launch in Texas in April, Elon Musk used drones to project the symbol of Dogecoin, the public display of support caused the price to rally high initially. However, as of today the market has restored to the norms for the price of this cryptocurrency.

Elon Musk has hinted in a series of tweets that subscribers and members may be able to pay for their Twitter (TWTR) accounts using their Dogecoins going forward. Inlight of Musks plans to take over Twitter, this could be a likely outcome.

It is no surprise that Musk is a big fan of Dogecoin, he has integrated the crypto coin into Tesla by allowing the purchase of accessories with Dogecoin and plans to fund some of SpaceXs missions with Dogecoin going forward.

The volatility seen by this coin is

Global equities staged a notable rally | Saxo Bank

DOGE About To Increase By 35%!? Altcoins - Dogecoin price is alive and well-positioned for 35% gains

FXStreet News FXStreet News 20.04.2022 17:01
Dogecoin price sees the 55-day SMA underpins bullish action. DOGE price set to jump towards the 200-day SMA, playing the range. With that move, Dogecoin price would gain 35% of value to $0.1800. Dogecoin (DOGE) price jumps as tailwinds in Europe overpower headwinds from the U.S., with bulls storming out of the gate and booking a three-day winning streak. The rally started on Easter Monday with the 55-day Simple Moving Average (SMA) and monthly pivot acting as entry levels, returning 10% of value to investors. In a range play towards the 200-day SMA, coinciding with the monthly R2 resistance, a 35% trade is a possible outcome for this rally. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events DOGE price set to add $0.4 of appreciation Dogecoin price is rallying into its third day today within a rally that started on Easter Monday, where intelligent bulls used the limited trading volume to ramp up price action quite quickly. With markets coming back in on Tuesday, plenty of investors jumped into the spotted trade and could still comfortably place their stops below the 55-day SMA and the monthly pivot. Additionally, the current dollar weakness is helping to open up some more room and enlarge any intraday gains. This evening TESLA (TSLA) will come out with earnings after the closing bell DOGE price at first will face $0.1594, near $0.1600, with the monthly R1 resistance as the historical level as a double issue. From a trade management perspective, this would translate into a 1-to-1 trade setup with a 10% stop loss against 10% possible gains to be booked for investors entering at current levels around $0.1450. Should the dollar further back off and positive sentiment in the market pickup further, expect to see that trade turn into a 1-to-2.5 trade setup with a 10% stop loss and a possible 25% gain entering at current levels, with the profit target set at $0.18, which coincides with the monthly R2 and the 200-day SMA as double and robust resistance to the upside. DOGE/USD daily chart Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM This evening TESLA(TSLA) will come out with earnings after the closing bell, one of the most significant components in the NASDAQ. Seeing the correlation between the NASDAQ and cryptocurrencies, another setback after the significant 25% drop from NETFLIX (NFLX) could trigger a panic trade in markets, with investors quickly unwinding their positions at any price. That would trigger a drop below the 55-day SMA towards $0.1242.
Global equities staged a notable rally | Saxo Bank

(DOGE) Rocket! Why Is DOGE Going Up? Elon Musk Supports Crypto! Musk’s Indirect Pump Of Dogecoin; (BTC) Bitcoin’s Turnaround After Stocks

Alex Kuptsikevich Alex Kuptsikevich 26.04.2022 08:36
Bitcoin has gained 4.1% in the past 24 hours, reaching $40.6K. Ethereum rose even more strongly, up 5.3% to $3000. Other altcoins from the top 10 rose from 2.5% (XRP) to 25% (Dogecoin). The total capitalisation of the crypto market, according to CoinMarketCap, increased 3.9% overnight to $1.87 trillion. The Bitcoin Dominance Index added another 0.1 percentage point, to 41.3%. Bitcoin updated to mid-March lows around $38,200 in the first half of Monday The cryptocurrency Fear and Greed Index rose 4 points to 27 by Tuesday and moved into "fear" status. Bitcoin updated to mid-March lows around $38,200 in the first half of Monday. BTC subsequently rebounded and strengthened gains in the US session along with the reversal of US stock indices. Read next: Gold Transformed! Gold Price (XAUUSD): From Haven To Anti-Dollar (USD) | FXMAG.COM Dogecoin soared 25% and returned to the top 10 cryptocurrencies on the back of news of Twitter's purchase of the social network by Elon Musk. DOGE is Musk's favourite coin for payments, and the Tesla founder has previously indicated that he intends to have it used as payment for purchases on Twitter. Billy Markus : new opportunities for holders of this cryptocurrency and strengthen DOGE's position in the ecosystem. The bitcoin buying strategy has proved highly successful, MicroStrategy CEO Michael Saylor said. As of April 14, MicroStrategy remains the largest publicly traded company in terms of bitcoin investments, with assets of 129,200 BTC purchased for $3.97 billion at an average price of $30,700, MicroStrategy noted in its 2021 annual financial report. Read next: A Rocketship! Greenback Has Become A TGV! US Dollar (USD) - How High DXY Can Jump? | FXMAG.COM Hedge fund SkyBridge Capital, founded by former US politician Anthony Scaramucci, plans to move most of its assets under management into cryptocurrency as it sees the prospect of "huge" growth in the sector. The Central African Republic has become the first country in Africa to recognise bitcoin as a legitimate means of payment. Sang Lee, co-founder of cryptocurrency financial services provider VegaX Holdings, said that institutions dealing with traditional finance and banks have already fallen far behind due to the rapid development of the crypto industry.
(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

Rebecca Duthie Rebecca Duthie 09.05.2022 17:41
Summary: The history of Elon Musk and Dogecoin. Dogecoin’s possible multiple uses going forward.   Read next: Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.    The Dogecoin drone show. At the latest Tesla launch in Texas in April, Elon Musk used drones to project the symbol of Dogecoin, the public display of support caused the price to rally high initially. However, as of today the market has restored to the norms for the price of this cryptocurrency. Elon Musk has hinted in a series of tweets that subscribers and members may be able to pay for their Twitter (TWTR) accounts using their Dogecoins going forward. Inlight of Musks plans to take over Twitter, this could be a likely outcome. It is no surprise that Musk is a big fan of Dogecoin, he has integrated the crypto coin into Tesla by allowing the purchase of accessories with Dogecoin and plans to fund some of SpaceXs missions with Dogecoin going forward. The volatility seen by this coin is due to both investor sentiment and Elon Musk's interest in it. Over the past weeks the price of DOGE has been falling, this doesn't come as a surprise given the current global investor sentiment, going forward it wont come as a surprise to see Musk try to come to the coins rescue. DOGE Price Chart   Read next:  Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.    Sources: finance.yahoo.com