According to CoinMarketCap data, Dogecoin (DOGE), known for its quirky origins, saw its price drop by approximately 15.5% in a single day on Friday, July 5th.
CoinMarketCap data highlights the inherent volatility in the cryptocurrency market.
The current RSI (Relative Strength Index) level indicates an oversold condition, historically a precursor to a reversal or rebound.
Sumit Kapoor, the founder of WiseAdviceSumit, commented on the situation, predicting an imminent bullish recovery.
Until July 3rd, the Moving Average Convergence Divergence (MACD) indicator showed bullish signs, though it turned bearish on July 4th, reflecting the market's turbulence for DOGE.
Despite the significant price drop, Elon Musk remains optimistic about Dogecoin. In a recent interview, he stated, "I intend to personally support Dogecoin," offering a glimmer of hope for investors.
He compared Dogecoin to Bitcoin, suggesting that Dogecoin is "better suited for transactions" than Bitcoin, highlighting its potential utility in real-world applications.
Elon Musk has been a staunch supporter of DOGE for years, dating back to his first tweet about the token in 2019. Since then, Musk has taken various steps to incorporate DOGE into his business ventures.
Dogecoin Payments for Tesla Merchandise
In May this year, Musk enabled DOGE as a payment method for Tesla merchandise and is working towards obtaining payment licenses for his social media platform, X.
This new feature was introduced after Musk visited the Berlin Gigafactory, where he was asked about enabling DOGE payments. "We should enable it," Musk responded.
Tesla customers can now send DOGE to Tesla's wallet in exchange for merchandise.
Although Tesla has not officially announced this change, DOGE enthusiasts quickly noticed, leading to a price increase of over 20% in the following days.
Even before acquiring X, Musk envisioned offering DOGE as a payment method on the social media platform. Thus, obtaining remittance licenses could indicate that the X team is moving towards integrating DOGE payments on the platform.
In June 2022, investor Keith Johnson filed a massive $258 billion lawsuit against Musk, accusing him of participating in a pyramid scheme to manipulate DOGE prices.
In a late-night filing in Manhattan federal court, Musk and his electric car company Tesla Inc. (TSLA.O) called the Dogecoin investors' lawsuit a "fanciful work of fiction," attributing it to Musk's "innocuous and often silly tweets" about Dogecoin.
Musk's lawyers argued that "tweeting words of support or funny pictures about a legitimate cryptocurrency, which continues to hold a market cap of nearly $10 billion, is not illegal."
The lawyers stated that investors never explained how Musk intended to defraud anyone or what risks he concealed, and his statements like "Dogecoin Rulz" and "No highs, no lows, only Doge" were too vague to support fraud claims.
Dalam episode terbaru 'Family Guy', kekacauan mata uang kripto terjadi selama sesi terapi Meg, menambahkan sentuhan humor pada pasar kripto yang sering kali tidak dapat diprediksi. Penyebutan Bitcoin secara berulang-ulang dalam acara ini sejalan dengan lonjakan harga mata uang kripto yang lebih luas, yang mencerminkan minat dan ekspektasi yang terus meningkat di pasar.
Huang BoDogecoin, mata uang meme favorit yang terinspirasi dari anjing di internet, mungkin siap untuk memainkan peran penting sebagai opsi pembayaran di X (sebelumnya Twitter).
AaronSetelah empat tahun mengalami penundaan dan salah langkah, Tesla Cybertruck akhirnya tiba, Tesla telah memperbarui situs webnya untuk memungkinkan pelanggan menggunakan Dogecoin (DOGE) untuk membayar model Tesla Cybertruck yang baru di masa mendatang.
OliveTim Dogecoin telah mengumumkan rencana misi ke bulan yang akan diluncurkan pada tanggal 23 Desember 2023. Astrobotic, sebuah perusahaan luar angkasa perintis, mempelopori misi ini, mengangkut Dogecoin fisik ke bulan melalui DHL Moonbox di atas Roket Vulcan Centaur milik ULA.
JasperRobinhood, platform perdagangan terkenal, akan memperluas layanan perdagangan kripto ke Uni Eropa (UE) dan mendirikan pialang di Inggris Raya (UK) dalam waktu dekat.
AaronDunia mata uang kripto menyaksikan kebangkitan karena memecoin kembali menjadi terkenal seiring dengan lintasan kenaikan pasar yang lebih luas, terutama didorong oleh antisipasi terhadap dana yang diperdagangkan di bursa Bitcoin (ETF).
JasperDi tengah konflik Israel-Hamas yang sedang berlangsung, Office of Foreign Assets Control (OFAC) telah mengumumkan niatnya untuk menerapkan sanksi putaran kedua.
KikyoMemecoin PEPE telah mengungguli SHIB dan DOGE, melonjak dengan pembakaran token yang memecahkan rekor dan kepercayaan investor yang baru ditemukan
JasperBTC mengalami kenaikan yang signifikan, sempat mencapai $35 ribu, yang mencerminkan lonjakan antusiasme yang berasal dari kemajuan terbaru dalam lanskap ETF Bitcoin.
JasperMata uang kripto utama mengalami lonjakan yang signifikan pada hari Minggu malam, sebagian besar disebabkan oleh performa Bitcoin sepanjang minggu, menembus angka $31.000 pada hari Senin. Dalam satu hari, harga Bitcoin terus meroket, mencapai $35.000.
AaronDOGE whales' increased activity may boost its market. Currently at $0.1492, DOGE shows stability. Key moving averages: 50-day EMA resistance at $0.1652, 100-day EMA support at $0.1434, and 200-day EMA at $0.1237. RSI at 46 indicates neutral sentiment. Surge in large transactions suggests strategic moves by whales. Bullish scenario: Whale activity may push DOGE above $0.1652, targeting $0.18 and $0.20. Bearish scenario: Selling pressure may test supports at $0.1434 and $0.1237.
EdmundDespite market pullback, Dogecoin (DOGE) aims for $1 milestone. AI forecasts caution, expecting $0.161 by April end, a -16.15% decline. Dogecoin struggles to maintain upward momentum amid support level dip. Co-founder Billy Markus emphasizes market volatility, urging cautious optimism.
Huang BoMeme coins Dogecoin (DOGE) and Shiba Inu (SHIB) face declines amidst market corrections. DOGE drops 8%, while SHIB slides 9.6%, reflecting broader challenges. Altcoins like Polkadot and Chainlink also see price adjustments.
Xu LinMusk's endorsement sends Dogecoin soaring, embracing it as 'the people's cryptocurrency.' Tesla's potential adoption marks a significant surge in Dogecoin's value.
Huang BoDogecoin (DOGE) consolidates near $0.175, with $0.20 target amid rising trading volumes, boosted by Bitcoin's surge. Bullish outlook as South Korean volumes surpass stock market. Scotty (SCOTTY) emerges as DOGE alternative with utility features and ICO underway.
Huang BoRipple CEO Brad Garlinghouse's criticism of Dogecoin has sparked a response from DOGE co-founder Billy Markus, who argues that Dogecoin shares fundamental similarities with Bitcoin. The debate highlights differing perspectives on the utility of meme tokens in the cryptocurrency market.
BerniceX's CTO confirms plans to introduce Dogecoin payments, aligning with Musk's broader vision.
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CaptainXPengembang perangkat lunak Billy Markus dan Jackson Palmer mengemukakan ide untuk Dogecoin sebagai "lelucon", mengejek ...
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