Dogecoin Price Up 10%; Will X (Twitter) Hype Move Price Past $0.09?

Bold Calls on Dogecoin Performance

The impressive performance of Dogecoin has pushed the memecoin up 19.99% over the trailing 7-day period. This performance becomes significant when compared with the related moves from top digital currencies like Bitcoin (BTC) which is down by 2.03% in the past week.

advertisement

Top rival memecoins like Shiba Inu (SHIB) and PEPE are also trailing behind Dogecoin in what comes as a defined outpacing. While SHIB is up by 2.19% in the past week, PEPE is notably changing hands at a deep negative discount of 13.97%.

Dogecoin has been on the radar of many traders and top analysts on Twitter. One of these analysts CrediBULL Crypto is projecting that the memecoin is bound to keep ‘moving forward’. His current projection was hinged on his previous calls in which he successfully predicted an upward push for the memecoin.

Betting on DOGE to grow is very risky, considering the amount of volatility it notably harbors. However, a look at its fundamentals and current target market shows it has a lot of basis to hit an upward price level in the near term.

The X (Twitter) Sentiment

According to the current speculations growing around the newly rebranded social media platform 9fF7WCIHXRLT, Dogecoin is likely to play a significant role in its future transformation. As the everything app is now themed, 9fF7WCIHXRLT is adequately positioned to support digital payments, notably incorporating cryptocurrencies with Dogecoin as the reference point.

While the timeline for this payment implementation remains unknown, investors in the crypto ecosystem are already pricing in a potential surge in demand that will be generated by such a move from Elon Musk and X. Dogecoin is already tagged as the favorite of the billionaire investor, any push to integrate it as the leading native token of the X app can stir one of the most profound growth surges in its history.

Should the current buying momentum be sustained, we can see the price of DOGE retest the resistance point at $0.09 in the near term.

Comments

Post a Comment

Popular posts from this blog

French real estate company expands crypto payments offering 

Apsys, a France-based real estate company , has signed a partnership deal with local fintech Lyzi to enable customers to pay for purchases nationwide across all its shopping malls with crypto . Apsys, a company that owns, develops, and manages many real estate properties across France and Poland, has joined forces with Lyzi, a fintech and crypto payments solution provider. Through the partnership, customers who purchase goods and services at various Apsys shopping malls in France can pay with crypto. “Innovating and reinventing the customer experiences at Apsys locations is at the heart of challenges that drive us daily. We are therefore particularly happy today to be a pioneer in payment solutions, thanks to our partnership with Lyzi.” Manuel Tessier, Apsys asset management director general. To enjoy Apsys’ new offering , customers must first purchase the company ’s gift cards with crypto via the Lizy app. The gift cards will, in turn, be used for payment at Apsys malls. 
Read more

Crypto Analyst Discusses EOS’ EVM Launch After Talk With Rhett Pool

Youtube Channel Altcoin Daily posted a new video discussing the scheduled EVM launch by Layer 1 dApp platform, EOS. While the video states that many people would consider EOS a failure compared to what it could’ve been, the channel goes on about the platform’s 2023 comeback story. Altcoin Daily explains that EOS was created to prioritize dApp performance via faster transactions and lower gas fees. Moreover, it is more programming language friendly allowing developers to build applications using C++, Java, and Python. The channel adds, It [EOS] is a scalable version of Ethereum. Yet, they did sacrifice some decentralization. The video also highlights that EOSIO held the largest-ever initial coin offering (ICO) with over $4 billion in funds by selling one billion EOS in a year-long sale. However, the platform didn’t live up to the hype that the company behind EOS, Block.one, had promised its users, according to Altcoin Daily. After attending a conference with one of
Read more

0.1% Users Affected in the Atomic Wallet Exploit Is a Lie, Says Netizen

Atomic Wallet faced concerns and questions after a $35 million crypto heist. The company released an official statement highlighting swift actions, engagement of investigators, and cooperation with exchanges. No specific cause for the breach has been confirmed; investigation ongoing. After Atomic Wallet released its statement on the June 3rd event, concerns and questions were raised by the Twitter community regarding the recent $35 million crypto heist that brought the multi-currency platform into the spotlight for decentralized wallet security. June 3rd event Statement. To summarise, less than 0.1% of Atomic app users have been affected. Since then, no new cases have been reported. None of the possible issues are confirmed as potentially causing massive breaches, at least in the latest app versions. Builds are verified… pic.twitter.com/YTcOFpo3M3 — Atomic – Crypto Wallet (@AtomicWallet) June 21, 2023 In the aftermath of the incident, Atomic Wallet twee
Read more