Dogecoin finished Thursday at $0.217, up 1.2%, while its May ATH is still 71% below $0.7376. The meme coin, which has long been deprived of the tweets of its biggest supporter, Elon Musk, is managing alone as the Tesla CEO now turns to other memes. But the latest Musk tweet changed course. Here are the details…
Elon Musk recommends meme coin project
Dogecoin price has increased by about 3527.7% since the start of the year. 24% in the last 90 days. In the 17, 30-day period, it fell 24.17%. In recent developments, the global cryptocurrency market cap is 1%. 4 depreciated to $ 2.6 trillion, the recovery process has been continuing since November 26. As the recovery continues, crypto news and research resource Coindesk shared the following data:
Ethereum’s high transaction fees have made DeFi inaccessible to small investors.
https://twitter. com/CoinDesk/status/1466316010953318401
Elon Musk replies DOGE to tweet
According to Cointrendz data, meme coin DOGE was not among the most mentioned cryptocurrencies on Twitter prior to Musk’s tweet. The three most mentioned cryptocurrencies were Bitcoin, Solana, and Ethereum. They shot 943, 884 and 629 tweets, respectively. Dogecoin, on the other hand, managed to enter among the most talked about cryptos with the tweet of Elon Musk. Tesla CEO replied “Dooooge” to the Coindesk tweet, which stated that the Ethereum network is gradually moving away from small investors.
https://twitter. com/elonmusk/status/1466325771656568836
Other than that, experts had the following to say about Dogecoin during the week:
- Jordan Belfort said that DOGE and Shiba Inu “have no value or benefit”. In an interview with The Sun, he said that the creators of these cryptocurrencies “should go to jail.”
- Melanie Schaffer said on Thursday that traders will want to watch if DOGE can bounce back above Tuesday’s high of $0.228 – marking a trend change.
