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- Elon Musk continues to amuse the audience of Dogecoin through his tweets.
- A blast from the past between Twitter and DOGE.
- Will the bull run up or bears drag the game down.
One among the popular meme coins, Dogecoins have dealt a far way since year. Elon Musk has always been supporting it for a long time. Tweeted on a busy day appreciating DOGE- “Dog rocks, they have the best coins.”
The two of the most popular meme coins, Shiba Inu and Dogecoins have been in the news recently. The two fights for domination. Elon represents DOGE as the “currency on the moon”. It is subjected to its better usability and network fixations than SHIB.
Whereas SHIB has grabbed the throne as “Doge Killer” in the last few months. But matching “cousins” are based on similar technologies. With respect to one other, both have slashed the sword with same intensity.
But Elon comes in the picture rejoining with its $44 billion twitter acquisition deal. On 2nd November, representing through his tweet, DOGE in color of twitter and Twitter’s halloween pumpkin. Making it difficult for the DOGE audience to make decisions to bet upon Dogecoin.
The United States Securities and Exchange Commission (SEC) criticized Elon for rapidly fluctuating the price of Dogecoin by influencing it. Musk is the culprit behind Dogecoin’s rapid fluctuation which has turned into a diehard sport.
These are the reasons because of which newbie investors and traders fall in the trap.They are uncertain about the price which is going up and down more often. This has resulted in havoc.
As soon as Elon conquires Twitter, he decided the users will now pay $8 every month in order to continue with their blueticks. It was rumored that he said to charge $20 every month, but he denied of it.
Top 100 Dogecoins currently contribute to approx 67% of total supply. The greatest influencer of Dogecoin at present who always remains in the news, Elon is thinking of introducing dogecoin on the social media platform.
His future forth actions regarding the meme coin will always remain bone of contention. But it’s upon him to make the bird fly or make it fall from high.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
