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In the recent video update, the famous Cryptocurrency analyst Michael van de Poppe provided valuable insights on the potential reversal level of Ethereum, BNB and Litecoin in the continuous adjustment of counterfeit currencies. VandePoppe's analysis highlights the key price thresholds that may trigger the reversal of the trend of these famous Cryptocurrency

Ethereum prices struggled below the US $1850 resistance level against the US dollar.ETH prices are now below $1800 and 55 simple moving averages (4 hours)

In the recent BRC-20 fire, Bitcoin, which focuses on value storage, is even more ecologically hot than Ethereum. But in terms of ecology, Ethereum is the real king, because it is quietly brewing the next major upgrade - the Cancun upgrade

The price of Bitcoin (BTC) has surged to over $27000, which is a significant bullish trend that has attracted the attention of cryptocurrency investors and traders.This upward trend has sparked optimism and speculation about the potential direction of BTC in the near future

Glassnode data shows that the number of ETHs flowing into the exchange is at its lowest level in the past four weeks. However, the decrease in selling pressure may take time to translate into the bullish momentum of counterfeit currency

With the realized market value of Bitcoin reaching $389.4 billion, there has been a cyclical growth pattern, with diminishing returns in various periods, and the market continues to be bearish

Although there are signs of recovery in the cryptocurrency sector after recent consumer price index (CPI) data showed lower than expected inflation in the United States in April, Ethereum (ETH) is no exception, but there is still a risk of a pullback.An analyst in the cryptocurrency market introduced that "Ethereum has reached an important demand barrier of $1850 to $1905, which represents a key support area that cryptocurrencies need to retain to avoid further declines2

The last thing the cryptocurrency market needs is the potential implosion of the largest exchange in the market. However, the FUD surrounding Binance may not be as bad as some people describe, and the previously prevalent wave of Z gold outflows may be an important factor in its stability

According to data from on chain analysis company Santiment, the activity of whales holding meme inspired cryptocurrency Dogcoin (DOGE) has skyrocketed near the key price level of $0.087

The recent instability in the market has intensified the importance of predicting the price of dog coins. DOGE is a cryptocurrency based on popular internet memes, which has received widespread attention due to the strong support of billionaire entrepreneur Elon Musk for this asset

The optimism after the upgrade of "shapella" briefly pushed the price of Ether (ETH) to an 11 month high of around $2150 earlier this month, but has now largely subsided.Ether is a token for Ethereum blockchain that supports smart contracts, with a final transaction price close to $1900

Recently, there has been a heated discussion in the community that after Musk joined Twitter, will Dogcoin be introduced simultaneously? Let investors have high hopes. This article will provide an overview of the birth history of Dogcoin and explore its charm, gradually becoming a popular payment token in the coin industry. Tesla founder Elon Musk, known as the godfather of Dogcoin, reiterated his support for Dogcoin in an interview with Twitter Spaces last month, saying:DogecointothemoonAnd he said that Twitter, which he just acquired, will be committed to making meme trading easier, causing another controversy and raising the price of DOGE coins.Originating from a joke, but becoming the eighth largest cryptocurrency by market valueWe all know that the birth of Dogcoin was originally just a joke. Two American engineers, Jackson Palmer and Billy Markus, simply modified the source code of Bitcoin to create what is now Dogcoin. Before starting to explore whether Dogcoin can truly become a popular payment token, let's briefly review its history.Important History of Dog Coin:December 2013: officially born.In June 2014, the Dogecoin Foundation was established to maintain the project.April 2015: Co founder Jackson Palmer leaves Dogcoin.In January 2018, Gougou Coin briefly broke through $0.016 and had a market value of over $2 billion, but then plummeted.In July 2020, the spread of memes on TikTok once again became popular, leading to a significant increase of nearly 100% in the price of dog coins.In the first half of 2021, Musk repeatedly expressed his love for dog coins on Twitter. At that time, the price of coins often skyrocketed and plummeted due to one of his words or pictures, reaching a historical high of $0.74.In October 2022, Musk officially joined Twitter, and Dogcoin skyrocketed simultaneously, climbing from approximately $0.06 to nearly $0.13, directly doubling.DOGE's highest station is $0.74! Musk Jugong Jue WeiAt present, the historical high point of Dog Coin is 0.74 US dollars, which occurred in May 2021! In addition to the popularity of memes in the community, it must be said that Musk did play a key role in it. Without his global influence, Dogcoin might not have achieved such an astonishing record.Will Twitter bring huge growth momentum to Dogcoin?In this context, the recent topic of widespread discussion in the community is that Musk may be able to expand the application scenarios of Dog Coin in one go after acquiring Twitter.Mobile previously reported that Twitter is suspected of developing a token called TwitterCoin for tipping functions. Is this Musk's warm-up exercise before officially supporting Dog Coin, which has filled many fans of Dog Coin with anticipation?Musk himself hinted at the possibility of introducing dog coins into Twitter payments when responding to the community's questions in November. A supporter of Dog Coin tweeted at the time:Twitter has approximately 396 million users worldwide, imagine if Dogcoin could become Twitter's currency!The grassroots nature of dog coins is deeply loved by usersIn addition to Musk's push and the native meme of dog coins, the popular tip culture in the United States is also one of the reasons for the popularity of dog coins. In Europe and America, if you provide good content or services online, people will be happy to pay a tip to express support.However, the high transaction fees of Ethereum have led people to tend to use cheaper dog coins. The low transaction costs and inherent entertainment nature of Ethereum have led more and more users to prefer using dog coins for rewards; At present, major community platforms have also launched expansion tools that can accept dog coin rewards.More than 1300 companies have accepted payment in dog currencyWe know that in order for cryptocurrency to become more popular and truly integrate into the lives of ordinary people, it is necessary to reach a consensus among more people and be willing to use it as the basis for payment.According to community statistics, so far only over 1300 companies have accepted Dogcoin as a payment method, further promoting the practicality of Dogcoin. Some of these large enterprises include:BitPay, a Bitcoin payment service provider in the United States, has supported customers to use the DOGE outbound platform leader UberEats to pay for outbound fees.AMC, the largest chain cinema in the United States, announced that it has accepted customers to pay for movie tickets using DOGE.Musk also announced in the middle of this year that its BoringCompany's "Casino Tunnel" can be paid using DOGE.Promoting charity to gain a good impressionIt is worth mentioning that the example of the dog coin community promoting social charity is often talked about.For example, the Dogcoin community raised $30000 within a few hours to help the Jamaican sled team participate in the 2014 Winter Olympics held in Russia, and another community called "Doge4Kids" successfully donated $30000 to charity. With numerous friendly and friendly applications, it has subtly enhanced the public's good impression of Dogcoin.What are the hidden worries about the future of dog coinsAlthough Dog Coin currently has the potential benefits mentioned above, there are still some hidden concerns, including: apart from being used for rewards, there are almost no related ecological applications, and will celebrity effects lose popularity. What if Musk abandons it?From a long-term perspective, without strong fundamentals and application ecosystem maintenance, it will be difficult to see the value of long-term investment. The dog coin, born from memes, currently has strong global recognition and liquidity, and as a token for payment, it has significant development potential.Whether Musk can truly introduce it into Twitter and whether the ecosystem can have more meta applications in the future is a long-term focus for investors and fans, and it is worth our continuous attention.