• Musk Joins Twitter and Becomes a Dog Coin, Key to Climbing to the Top: How DOE Promotes from Meme Coin to Pay Popularity

    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.

    2023-04-28
  • DOGE Price Tank 9% With Twitter Restoring Original Logo, Whale Dumps

    Memecoin Dogecoin's party seems to have come to an end, as just after Twitter restored its original Blue Bird logo, the price of Doge fell by 9%. As of the time of publication, the trading price of DOGE was $0

    2023-04-28
  • 37 billion dog currency holdings in danger: price levels that investors should pay attention to

    Is the future of dog coins in danger? If the price of DOGE hovers around $0.745 per token, there will be over 30 billion tokens on the brink of losing their positions

    2023-04-28
  • What is Musk, who lost his title as the world's richest man after his Twitter logo turned into a dog's head?

    Interviewee Hao Fuman is the Director of the Institute of East Asian Studies at the National University of Singapore and former Director of the China Bureau of the World Bank. This article was transferred from First Financial on April 4th

    2023-04-28
  • With the recovery of liquidity pledge tokens, ETH is preparing to rebound to $2000

    Due to the existence and correlation of liquid collateral derivatives, the unlocking of Ethereum tokens may not be a negative event for ETH.Experts believe that unlocking ETH tokens when counterfeit coins are 50% lower than their historical peak will be a small matter

    2023-04-28
  • Will Ethereum have the potential to replace and surpass Bitcoin in the future

    Yesterday, fans asked a question: Will Ethereum surpass Bitcoin in the future? I think this topic is quite interesting. Today, I will talk about this topic, some of my viewpoints and opinions!I think many people have this idea that Ethereum can surpass Bitcoin in the future and replace Bitcoin as the leader

    2023-04-28
  • Farewell to the era of "mining", how far is Ethereum from "ETH2.0"?

    Ethereum (ETH), a global open source blockchain platform, is an important step towards upgrading!At 14:42 Beijing time on September 15th, the Ethereum execution layer (i.e

    2023-04-28
  • If the price of Ethereum remains below $1920, it is prone to further losses

    The price of Ethereum expanded and fell below $1920 to the US dollar. If the ETH falls below the support range of $1820, it may continue to decline.Ethereum further fell below the support level of $1920.The price is below $1920 and the 100 hour simple moving average.Breaking through the main bearish trend line on the hourly chart of ETH/USD, the resistance level is around $1860 (data from Kraken).If it breaks through the levels of $1920 and $1975, the currency pair may begin to rise significantly.Ethereum price turns redEthereum's price gained bearish momentum after closing below the support level of $2000. ETH will expand its decline below the support levels of $1950 and $1920, similar to Bitcoin. 1,880 1,827

    2023-04-28
  • Is Ethereum Strong and Dogs Joining Hands to Launch a New Market?

    The current trend of ETH is stronger than that of BTC. At this time, only the market's attention needs to be focused on the ETH sector, such as LDO/OP/ENS/SSV and ETC

    2023-04-28
  • Whale is optimistic about Ethereum's price rebound; ETH prices are preparing to rise by 20%!

    Highlights of the storyAs the current trading settings continue to flicker with huge bullish signals, Ethereum prices seem to have implanted extreme bullish momentum.Verifiers continue to withdraw their holdings of assets, which may raise concerns about the upcoming rise in ETH prices

    2023-04-28
  • The era of large-scale graphics card mining has ended, and Ethereum has been merged, transitioning completely from PoW to PoS

    On September 15th, IT Home reported that this afternoon, the Ethereum "Merge" was completed, and ETH entered the 2.0 era, transitioning completely from PoW to PoS.Currently,Ethereum is priced around $1600IT Home learned that Ethereum is a public blockchain platform, and its cryptocurrency is Ethereum ETH. Ethereum is now turning to the Proof of Rights (PoS) mechanism. For miners, if they mine on the Ethereum main network, after merging, each network will operate entirely based on the PoS proof of rights mechanism. At that time,The traditional proof-of-work (PoW) mining will no longer be available on the Ethereum network

    2023-04-28
  • Ethereum prices hit an 11 month high due to the withdrawal of 240,00ETH

    Simply putETH has cleared the psychological barrier of $2000.Nearly $500 million in ETH has been withdrawn

    2023-04-28