Saturday, February 4, 2023
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Contact Us
Ownnfthere
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Ownnfthere
No Result
View All Result
Home Bitcoin

Dogecoin Is Elon Musk’s Favourite Cryptocurrency, Right here’s Why

August 6, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Dogecoin Is Elon Musk’s Favourite Cryptocurrency, Right here’s Why
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Billionaire Elon Musk has been Dogecoin’s greatest supporter, and he has not been shy to say it. It was certainly the SpaceX CEO’s tweets that triggered the bull rally that noticed the meme coin hit a excessive of $0.7 final yr earlier than beginning its gradual downtrend. Nonetheless, even with the truth that Dogecoin has seemingly misplaced most of its gained worth, Elon Musk has not relented on his assist for Dogecoin and defined why he loves it in a latest podcast.

What’s Not To Love?

Elon Musk was a visitor on the “Full Ship” the place he talked about cryptocurrencies and Dogecoin specifically. The billionaire revealed that he was nonetheless strongly in assist of the meme coin and took it a step additional to elucidate why he was such an avid supporter of it.

Based on Musk, he primarily likes Dogecoin because of the theme behind it. It’s no secret that the meme tradition across the cryptocurrency had performed an essential function in its meteoric rise again in 2021. It additionally occurs to be Musk’s favourite factor in regards to the cryptocurrency, explaining that it has “memes and canines.” The canine a part of that is simply as distinguished, on condition that Elon Musk himself has a Shiba Inu pet, which is the well-known canine related to the coin.

Dogecoin price chart from TradingView.com

DOGE trending at $0.068 | Supply: DOGEUSD on TradingView.com

The builders behind the cryptocurrency have additionally been doing their finest to develop the meme coin, one thing that Musk has been in full assist of. Dogecoin has made it onto the limelight by being accepted as a mode of fee, amongst different issues.

Dogecoin Struggles To Maintain Value

One factor that has light over time is the impression that Musk’s feedback had on the worth of Dogecoin. On the top of the bull run, each time the billionaire stated or did one thing in relation to Dogecoin, the worth soared tremendously.

This has now modified in the truth that Musk’s actions now not maintain a lot sway over the digital asset’s value. An instance is when he introduced that his Boring firm can be accepting Dogecoin for underground rides in Vegas, the worth responded in a disappointing means. Resembling been the case at completely different occasions up to now.

Associated Studying: Right here’s When A Finder’s Panel Of Consultants Count on Dogecoin To Attain $0.6

Dogecoin has lately taken one other hit. The digital asset had fallen to 10th place on the checklist of largest cryptocurrencies, which it had held for some time. Nonetheless, it has now fallen to 11th place after Polkadot made a exceptional restoration and surpassed the market cap of DOGE.

Doge’s value continues to pattern round $0.06, and whereas traders maintain out hope that the meme coin will stage a restoration quickly, a Finder’s panel has forecasted that Dogecoin might not be seeing its earlier ATH for the subsequent 5 years. 

Featured picture from, chart from TradingView.com

Comply with Finest Owie on Twitter for market insights, updates, and the occasional humorous tweet…





Supply hyperlink

Related articles

BTC Worth Is in a Vary as It Pauses Above Okay Assist

BTC Worth Is in a Vary as It Pauses Above $23Okay Assist

February 4, 2023
Celebrating The Tulip Mania Anniversary With Bitcoin & Crypto

Celebrating The Tulip Mania Anniversary With Bitcoin & Crypto

February 3, 2023
Share76Tweet47

Related Posts

BTC Worth Is in a Vary as It Pauses Above Okay Assist

BTC Worth Is in a Vary as It Pauses Above $23Okay Assist

by Ownnfthere
February 4, 2023
0

Be part of Our Telegram channel to remain updated on breaking information protection Bitcoin Stays in a Horizontal Development as...

Celebrating The Tulip Mania Anniversary With Bitcoin & Crypto

Celebrating The Tulip Mania Anniversary With Bitcoin & Crypto

by Ownnfthere
February 3, 2023
0

300 and eighty-six years in the past as we speak, the primary ever bubble – dubbed Tulip Mania – popped....

NEO Worth Prediction: NEO Is Up By 39.4%, Is It The Proper Time to Make investments?

NEO Worth Prediction: NEO Is Up By 39.4%, Is It The Proper Time to Make investments?

by Ownnfthere
February 3, 2023
0

Be a part of Our Telegram channel to remain updated on breaking information protection DeFi is turning into common, and...

One Yr Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Cash Laundering

One Yr Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Cash Laundering

by Ownnfthere
February 3, 2023
0

It’s been a yr since we first lined the story surrounding Squiggles, an NFT rugpull that was traced down with...

Threshold (T) surges 94% on potential coinbase itemizing, Tezos (XTZ) approaches ‘Mumbai’ improve, Snowfall Protocol (SNW) shocks crypto group with its value features

Threshold (T) surges 94% on potential coinbase itemizing, Tezos (XTZ) approaches ‘Mumbai’ improve, Snowfall Protocol (SNW) shocks crypto group with its value features

by Ownnfthere
February 2, 2023
0

Be part of Our Telegram channel to remain updated on breaking information protection The crypto market is in a relentless...

Load More
  • Trending
  • Comments
  • Latest
How seemingly will Ethereum rebound on the 00 – 00 degree?

How seemingly will Ethereum rebound on the $1000 – $1100 degree?

July 13, 2022
Skyweaver Launch Their First Ever Growth NFT Playing cards

Skyweaver Launch Their First Ever Growth NFT Playing cards

July 12, 2022
Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

July 12, 2022
Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

July 12, 2022
Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

September 29, 2022
The Sandbox to deliver Playboy to the Metaverse

The Sandbox to deliver Playboy to the Metaverse

0
Social Media Platforms are Leaping into Web3

Social Media Platforms are Leaping into Web3

0
Roo Troop NFT Ended Their Partnership With Llamaverse: Here is why

Roo Troop NFT Ended Their Partnership With Llamaverse: Here is why

0
The Way forward for The Metaverse, Web3, NFTs, and Digital Land | by Shihtzu.alternate | Jul, 2022

The Way forward for The Metaverse, Web3, NFTs, and Digital Land | by Shihtzu.alternate | Jul, 2022

0
🤑 Hottest NFT dealer has remodeled M

🤑 Hottest NFT dealer has remodeled $30M

0
Shares making the most important strikes noon: AMZN, GOOGL, AAPL

Shares making the most important strikes noon: AMZN, GOOGL, AAPL

February 4, 2023
What Is Wrapped Ethereum and How Does It Work?

What Is Wrapped Ethereum and How Does It Work?

February 4, 2023
From Common’s TIDAL partnership to TikTok limiting entry to music in Australia… it’s MBW’s Weekly Spherical-Up

From Common’s TIDAL partnership to TikTok limiting entry to music in Australia… it’s MBW’s Weekly Spherical-Up

February 4, 2023
Future Outlook: Technical Traits for the Week of February 6 – February 10, 2023

Future Outlook: Technical Traits for the Week of February 6 – February 10, 2023

February 4, 2023
BTC Worth Is in a Vary as It Pauses Above Okay Assist

BTC Worth Is in a Vary as It Pauses Above $23Okay Assist

February 4, 2023

Popular News

  • How seemingly will Ethereum rebound on the 00 – 00 degree?

    How seemingly will Ethereum rebound on the $1000 – $1100 degree?

    191 shares
    Share 76 Tweet 48
  • Skyweaver Launch Their First Ever Growth NFT Playing cards

    190 shares
    Share 76 Tweet 48
  • Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

    190 shares
    Share 76 Tweet 48
  • Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

    190 shares
    Share 76 Tweet 48
  • Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

    189 shares
    Share 76 Tweet 47
Ownnfthere

Don't Miss Out! Get the Latest Cryptocurrency and NFT Information Here

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • NFT News
  • Stock Market

Tags

Artwork Cryptocurrency Digital Art ETH Finance Investment Metaverse Network Partnership Polygon Sandbox

Newsletter

  • About Us
  • All Posts
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Contact Us

© 2022 Ownnfthere

No Result
View All Result
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us

© 2022 Ownnfthere