Dogecoin

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Rumors are circulating on Twitter in the last few hours that Elon Musk could soon launch his own cryptocurrency, a Twitter Coin. What this means for Dogecoin (DOGE) or even Bitcoin (BTC) seems unclear at the moment.
Blogger and Twitter user Jane Manchun Wong posted a screenshot of the supposed logo of the Twitter Coin. However, Wong’s tweet was set to “private” a few minutes after it was published.
Nevertheless, some users managed to take a screenshot of the tweet. Apparently, Elon Musk has already developed a Twitter coin logo.
Twitter Coin logo. Source: Twitter
Wong also revealed in another tweet that the Elon Musk-led company might implement crypto tips and payments in the foreseeable future. A leak of the Twitter API shows a “Coins” section in the hidden “Tips” settings.
Twitter tip section for Bitcoin and Dogecoin? Source: Twitter
What Does A Twitter Coin Mean for Dogecoin And Bitcoin?
The crypto community is currently speculating what the alleged revelation could mean for Musk’s favorite coin, Dogecoin (DOGE) but also Bitcoin. At first glance, a proprietary coin from Twitter is bad for DOGE and also BTC, as it would eliminate the need to integrate both cryptocurrencies.
However, the leak of the API could indicate that Musk is not just focusing on one cryptocurrency, but multiple. DOGE and Bitcoin could thus be complementary to the Twitter Coin.

Elon Musk had shared as recently as Nov. 27 his intention for digital payments to be integrated into what he calls Twitter 2.0 – “The Everything App.”
Although Musk did not mention Dogecoin in his tweet, the DOGE price skyrocketed. The community apparently speculated that DOGE was part of Musk’s crypto plans for Twitter.
Moreover, rumors about Twitter’s crypto wallet plans surfaced already back in October after Wong speculated in an Oct. 27 tweet that the company had already begun work on a wallet prototype.
Does Musk Have Lightning Network On His Radar?
Jack Mallers, CEO of Strike, commented a few days ago that Twitter could be become a payment app by adopting Bitcoin.

Mallers said that by adopting the Lightning Network, Twitter can be a payments business and has the “opportunity to build payment experiences which traditional Twitter can’t.”
“Because they cannot get into the business of debt and all the regulatory and fixed costs. Chase has that business on lock and now that is not a requirement anymore,” Maller continued.

Twitter can become a payment app by adopting #bitcoin
Users could buy coffee and checkout at Starbucks, or send remittances across the world using just their Twitter app. @jackmallers explains that @elonmusk has the opportunity to distrupt big bankspic.twitter.com/xF9FB8Flsx
— Documenting Bitcoin  (@DocumentingBTC) October 4, 2022

At press time, the DOGE price initially reacted with a sharp surge of more than 7.5%. However, possibly due to the ambiguity of the rumor, there was a retrace, with DOGE now trading at $0.1064.
DOGE price, 4-hour chart. Source: TradigView


Rumors are circulating on Twitter in the last few hours that Elon Musk could soon launch his own cryptocurrency, a Twitter Coin. What this means for Dogecoin (DOGE) or even Bitcoin (BTC) seems unclear at the moment. Blogger and Twitter user Jane Manchun Wong posted a screenshot of the supposed lo...

bitcoinist.com

Twitter Coin Coming Soon? Leak Emerges; Sayonara Dogecoin And Bitcoin?

Amidst all of the hustle and bustle surrounding the reorganization of Twitter and the revelations of the “Twitter Files,” Elon Musk took the time a few hours ago to fix a pressing problem for the Dogecoin community.
In recent days, Musk had declared war on the spam bots on Twitter. In doing so, the algorithm and the Twitter team may have been a bit too harsh.
Musk Stands By For The DOGE Community
Dogecoin founder Billy Markus wrote on Twitter that more than a dozen Dogecoin Twitter accounts were suspended last weekend, even though they were mainly just tweeting DOGE memes. Markus wrote that these accounts were unjustly suspended:
A whole bunch of accounts of people who, as far as I know, generally don’t do anything but tweet memes and positivity are being suspended. Pretty weird man.
Twitter CEO Elon Musk, who through a representative is part of the Dogecoin Foundation’s five-member advisory team alongside Markus and Vitalik Buterin, responded to the tweet within three hours.

Musk wrote that his Twitter team had been a bit too aggressive with the suspension of spam bot accounts. “Team was a bit too intense with spam/bot suspensions. Moving to chill mode,” Musk replied.
Dogecoin founder Markus then confirmed that the accounts have been reactivated “Welcome back Doge accounts. ty @elonmusk,” Markus added.

welcome back doge accounts 
ty @elonmusk
— Shibetoshi Nakamoto (@BillyM2k) December 5, 2022

Remarkably, this wasn’t the only incident where Elon Musk showed his love for Dogecoin over the last weekend. According to Matt Wallace, Elon Musk was spotted on Saturday wearing a black Dogecoin t-shirt, displaying the mascot of DOGE, a Shiba Inu wearing a cowboy hat and sunglasses.

Elon Musk just Spotted Wearing a #Dogecoin T-Shirt  pic.twitter.com/MOpphdPdw2
— Matt Wallace (@MattWallace888) December 3, 2022

Dogecoin Price Pumps 7% After Musk’s Endorsements
The Dogecoin (DOGE) price initially showed no reaction to Elon Musk’s tweet. This is unusual, as Musk usually triggers a small or large rally with every tweet about the meme coin. However, nothing happened in the first hour after the tweet.
This has changed in the last couple of hours. The DOGE price rose to $0.1118 at one point, recording an increase of around 7.5% within an hour.

However, the FOMO quickly flattened out. DOGE was trading at $0.1076 at press time, still posting a gain of around 4% over the past 24 hours.
The move has bounced off the important $0.11 resistance zone again. For DOGE it is already the fourth rejection within the last month at this mark. The price had fallen below it on November 7.
To initialize a stronger upward movement towards the zone between $0.135 and $0.14, DOGE needs to overcome the key resistance at $0,11 in the 4-hour chart.
Dogecoin price rejected at $0,11, 4-hour chart. Source: TradingView


Amidst all of the hustle and bustle surrounding the reorganization of Twitter and the revelations of the &#8220;Twitter Files,&#8221; Elon Musk took the time a few hours ago to fix a pressing problem for the Dogecoin community. In recent days, Musk had declared war on the spam bots on Twitter. In...

newsbtc.com

Elon Musk Lifts Twitter Ban On Dogecoin Accounts; DOGE Pumps 7% – Here’s What Happend

As it typically happens during the weekend, the trading volumes have gone down, which results in little-to-no price movements for BTC.
Most altcoins are in a similar position, with a few exceptions. Dogecoin is among them, following a 6% daily increase.
Bitcoin Boring at $17K
Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any further declines.
More volatility was expected mid-week when the US Fed Chair Jerome Powell announced the latest interest rate hike, as well as the country’s job report, which came out on Friday.
However, both events didn’t deliver a lot of price action, unlike previous occasions. Bitcoin remained relatively calm at around $17,000, except for a price pump above that level to chart a two-week high.
As the current weekend approached and arrived, BTC stood at $17,000 and has remained there. The trading volumes are down once more. Bitcoin’s market cap is still under $330 billion, while its dominance over the alts is at 38.3%.
BTCUSD. Source: TradingView
DOGE Jumps 6%
Most of the altcoins have mimicked BTC’s performance during the weekend, with a lack of substantial movements.
Ethereum has lost around 1% of value in the past 24 hours and has dumped towards $1,250. Binance Coin, Ripple, Cardano, Polygon, Polkadot, Shiba Inu, Litecoin, and OKB are all pretty much at the same levels as they were yesterday.
Dogecoin is the only exception from the larger-cap alts. The OG memecoin is up by 6% in a day and trades above $0.1.
CELO and NEXO have also gained impressive percentages daily, up by 16% and 10%, respectively.
Overall, though, the crypto market cap has remained at the same place at $855 billion on CoinMarketCap.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post DOGE Soars 6%, BTC Stuck at $17K Amid Low Trading Volumes (Weekend Watch) appeared first on CryptoPotato.

Dogecoin is the best performer from the larger-cap alts, while CELO and NEXO have gained the most from the mid-caps. 

cryptopotato.com

DOGE Soars 6%, BTC Stuck at $17K Amid Low Trading Volumes (Weekend Watch)


Dogecoin has been one of the most steady gainers in a bear market, charting over 35% gains in the last 10 days. However, with price action weakening and year-end close, what will be the fate of DOGE price? 



Dogecoin price action offered traders some respite in a largely barren market. DOGE was one of the few currencies that saw sustained gain for the last 10 days making higher highs despite the bear market. 



From a technical point of view, DOGE price gains left short-term holders in good profits, but with the rally weakening, the coin’s future seemed shaky. 



Interest in Dogecoin Dwindles 



While the recent DOGE price pump was welcome, the question remained whether DOGE would see bullish momentum before year-end. On a one-hour chart, DOGE price had started to drop. 



At press time, DOGE traded at $0.0978, losing 5.27% on the daily time frame. DOGE price fall was accompanied by a fall in trade volumes. The daily trade volumes had dropped by 26.47% and stood above the $822.84 million mark. 



DOGE trade volumes | Source: Santiment



Looking at the social metrics for DOGE, it was clear that there was no-to-low market euphoria for the coin. Weighted sentiment had dropped to lower negative levels while social volumes maintained low. 



Dogecoin social metrics | Source: Santiment



A drop in volumes and social metrics suggested no major demand or interest in DOGE at the moment. 



Furthermore, price daily active addresses (DAA) divergence suggested some bearish pressure for the coin, which could lead to more losses in the short term. 



DOGE price DAA divergence | Source: Santiment



DOGE spot traders seemed to be done with the recent bull run. With indicators flashing sell-signals, a lot of short-term participants may have taken profit after the recent DOGE price run.



Futures Market Turning Red



Dogecoin open interest dipped by close to 9% and stood at $361.3 million at press time. With the perpetual market open interest falling, the same could mean short-term bearishness is on its way. 



DOGE aggregated open interest | Source: Coinalyze



The DOGE aggregated open interest had been falling for the last three days. Apart from that, the Dogecoin long-liquidations of over $1.9 million added bearishness to the market. 



DOGE short liquidations | Source: Coinalyze



With over $1.9 million worth of longs liquidated, the DOGE price seemed to be in for a short-term pullback. 



For now, the $0.086 mark supports the DOGE price, as 94,950 addresses hold over 12.72 billion DOGE at that level.



In/Out of the Money Around Price | Source: IntoTheBlock



While DOGE on-chain metrics look exhausted for a near-term rally, in case of retail euphoria, DOGE price can witness an uptick. Furthermore, if DOGE bulls place prices above the $0.107 mark, a bullish momentum can be expected. At the $0.107 mark, 4290 addresses hold over 8 billion DOGE. 



Once that upper resistance is cleared, the DOGE price can see a year-end rally, but for now, DOGE holders could be headed for some losses. 



Disclaimer: BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
The post Can Dogecoin (DOGE) Price Post Further Gains Before Year-End? appeared first on BeInCrypto.


Dogecoin has been one of the most steady gainers in a bear market, charting over 35% gains in the last 10 days. However, with price action weakening and year-end close, what will be the fate of DOGE price? 
The post Can Dogecoin (DOGE) Price Post Further Gains Before Year-End? appeared first on B...

beincrypto.com

Can Dogecoin (DOGE) Price Post Further Gains Before Year-End?

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Dogecoin.

Ethereum (ETH)
Ethereum had a good week, with the price managing to break above the $1,220 resistance level and booking a 6.5% increase in the process. This bullish momentum is expected to continue if buyers can manage to turn the previous resistance into support.
The buying volume was good during the breakout, but a retest of $1,220 now seems likely. Should bulls be successful in defending it, Ethereum’s next target is found at $1,365. While the momentum favors buyers at this time, they will face stiff resistance from sellers considering that the market is still overall bearish.
Looking ahead, the best thing that can happen to Ethereum is to reclaim its price level from early November when it was trading around $1,600 (just before the FTX collapse). That would bring back confidence in the market, and bulls may choose to even challenge the $1,725 resistance level.
Chart by TradingView
Ripple (XRP)
XRP’s uptrend stalled this week, and the price failed to make a higher high. This is why it lost 2.6%. If this trend continues into the coming weekend, XRP could lose its momentum entirely and fall back towards $0.31, which is acting as support.
The current resistance is found at $0.45, and buyers appear to have lost their strength to even test this level after failing to move above $0.42. The volume is also decreasing, and the daily timeframe indicators are curving down.
Looking ahead, XRP could continue to consolidate just under $0.40 and build momentum for the next significant breakout. Ripple is usually accompanied by sharp volatility in short periods of time, and market participants will need to be patient during this consolidation.
Chart by TradingView
Cardano (ADA)
Cardano managed to temporarily stop the downtrend this past week when the price made a higher low. In the process, ADA kept its price at a similar level to seven days ago (or around $0.31). The big question for Cardano holders is if it can break above the resistance at $0.34.
The current buy volume is not encouraging, and ADA is suffering from a lack of interest from market participants. Nevertheless, as long as the price does not make a lower low, this could be a sign that sellers have become exhausted.
The support continues to hold well at $0.30, and it appears unlikely for ADA to retest this level at this time. The more likely scenario seems to be for buyers to attempt a break of the key resistance. Any failure there could embolden sellers to return in force.
Chart by TradingView
Polygon (MATIC)
Buyers controlled the price action in the past seven days when MATIC registered a 9.3% price increase. This uptrend is expected to continue, but the bulls will face strong resistance at $1, where the price was rejected before in the past.
The current support is found at $0.74, and MATIC has always moved higher from that point in the past few months. This also places MATIC in a large range between $1 and $0.74.
Looking ahead, MATIC may attempt another break of the key resistance at $1, but it will be a tough ask. Sellers always came back at those price levels, and they could return again, which may push the price back below this psychological level.
Chart by TradingView
Dogecoin (DOGE)
Dogecoin remains the undisputed leader this week, with a 21.7% increase. After finding strong support at 7 cents, DOGE returned to its uptrend, attracting good volume as the price increased.
However, at the time of this post, the price was rejected at 11 cents which acted as a key resistance. Should buyers fail to return to DOGE soon, then this may turn into a sharp rejection that could push it into a longer correction.
It is too early to say if DOGE will fall back to the critical support, but the price action clearly shows that buyers were eager to take their profit as soon as the price went above 10 cents. This also shows that a sustained rally for DOGE may not be possible at this time.
Chart by TradingView
The post Crypto Price Analysis Dec-2: ETH, XRP, ADA, MATIC, and DOGE appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Dogecoin. Ethereum (ETH) Ethereum had a good week, with the price managing to break above the $1,220 resistance level and booking a 6.5% increase in the process. This bullish momentum is expected to continue if buyers can...

Dogecoin price	$0.101303
Low - High 24H	$0.100402 - $0.109748
Market cap	$13.90B
Volume 24H	$1.36B
All time high	$0.731578 -86.16% May 8th 2021
All time low	$0.000087 116450.75% May 6th 2015
Genesis date	N/A

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