HomeNewsElon Musk's Cryptic Tweet Sparks DOGE Frenzy: Is Dogecoin Ready to Ride...

Elon Musk’s Cryptic Tweet Sparks DOGE Frenzy: Is Dogecoin Ready to Ride the Bullish Wave and Surge to $0.10? Report

- Advertisement -
  • Elon Musk tweets about Dogecoin, but the memecoin fails to record a substantial price increase.
  • The market seeks more definitive triggers for growth as the impact of regulatory actions overshadows influencer mentions.

Elon Musk, Twitter’s CEO, recently made an ambiguous mention of Dogecoin (DOGE) – his pet cryptocurrency – on the platform, sparking buzz within the community. His tweet, which read,

“Cry ‘Havoc!’ and let slip the Doges of war”,

has left many pondering its intent and implications.

- Advertisement -

Since the early hours when the tweet went live, it has attracted over 13.3 million views and significant reactions, much like Musk’s prior tweets about Dogecoin. Yet, the tweet has surprisingly not prompted a bullish recovery in the memecoin’s price, a scenario often seen following Musk’s previous DOGE-centric posts.

Currently, Dogecoin trades at a spot price of $0.05966, down by 15.41% in the past 24 hours. This performance aligns Dogecoin with several other altcoins that have also borne a bearish trend over the past week, with DOGE seeing a 17.71% dip.

>> Buy Dogecoin quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with DOGE now. Visit Website <<

- Advertisement -

In light of Dogecoin’s lack of rebound following Musk’s tweet, the market’s reliance on firmer growth triggers has been underscored. The crypto market’s current temperament suggests that negative sentiment still holds sway, impeding the appearance of these triggers.

This sentiment is substantially influenced by the legal actions launched earlier this week by the United States Securities and Exchange Commission (SEC) against prominent exchanges Binance and Coinbase. These developments are creating ripples in the crypto market, predominantly leaning toward the negative.

One major fallout is brokerage platform Robinhood’s announcement to delist three cryptos – Cardano (ADA), Solana (SOL), and Polygon (MATIC) – by the end of the month. This decision followed the SEC’s classification of these tokens as securities, stirring more fear and uncertainty in the market.

The anticipation of further delisting actions by exchanges continues to hang heavy in the air, contributing to the market’s cautious atmosphere and its slow response to potentially influential tweets like Musk’s. Thus, the market’s need for more solid, reliable triggers for growth and recovery becomes increasingly evident.

Best Crypto Exchange for Everyone:

  • Invest in Dogecoin and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
- Advertisment -spot_img