Although not many people may have benefited from Elon Musk's acquisition of Twitter, the Doge community is undoubtedly pleased. The Musk effect is correct, and a dog landing on the moon is once again possible, as dog coins have risen by more than 120% in the past 7 days
Although not many people may have benefited from Elon Musk's acquisition of Twitter, the Doge community is undoubtedly pleased. The Musk effect is correct, and a dog landing on the moon is once again possible, as dog coins have risen by more than 120% in the past 7 days.
In the ongoing rumors about the merger of cryptocurrencies with Twitter, many analysts are predicting the future price direction of Dogcoin. A well-known analyst said that Doge will pave the way for other counterfeit coins to enter the counterfeit season.
An analyst under the pseudonym CryptoKaleo stated that the upcoming season of mini counterfeit coins is coming. He wrote on Twitter, "$DOGE/$BTC, Dogcoin will lead you to the next mini altszn, but you won't believe it
What is the next step?
Meme coins have risen 56% in the past 24 hours and 121% in the past 7 days. Since the Ethereum merger, the overall tone of the market has shown optimism for the first time.
On the other hand, its daily trading volume significantly increases with the jump. According to Santiment, this is also an increase when the total transaction amount of DOGE reached $100000. Both of these signs indicate that 'whales' are increasing demand for dogcoin tokens.
Since Musk first mentioned taking over Twitter in April, the plan has undergone significant changes. In the following months, the billionaire attempted to withdraw from the agreement, but Twitter sued him, forcing him to let the agreement pass.
Nowadays, many people, including influential figures such as Caldano founder Charles Hoskinson and billionaire Elon Musk, believe that under the leadership of this technology entrepreneur, Dogcoin will become Twitter's currency or at least one of its payment/tip options.
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