Home Blog Page 2179

Terra Classic v23 Upgrade On Schedule To Launch In December

Mark Brennan
-
0
Terra Classic v23 Upgrade On Schedule To Launch In December

 

The Terra Classic is on schedule for the v23 upgrade in December.


The Terra Classic Network Is Set To Become Fully Cosmos Interoperable As v23 Upgrade Is On Schedule To Launch In December

In a tweet yesterday, the Terra Rebels, an independent developer group for the Terra Classic network, disclosed that they are on track to roll out the v23 upgrade and re-open Inter Blockchain Communication in Q4 2022, sharing the thoughts of core developer Edward Kim.

” … we’re looking at reworking the underlying Cosmos tendermint skeleton and upgrading vanilla Cosmos 45.8 And then upgrade to Tendermint v34,” core developer Edward Kim said in the Terra Rebels roadmap Ask Me Anything (AMA) clip shared. “if you look at what Jacob Gadikian has done for … Osmosis Notional and Osmosis, they upgraded to 45.9. And that is in our repo.”

 

Notably, Kim disclosed that fellow core developer Tobias Andersen, AKA Zaradar, is also working on upgrading the Tendermint to v37. However, he explains that there are several things the developer will have to work around due to changes in Tendermint. According to Kim, completing this will allow for the implementation of CosWasm v1.0.0.

The upgrade and the re-opening of IBC channels, as reported by The Crypto Basic, will make the network fully interoperable with the Cosmos network, as the upgrade contains the CosWasm upgrade. As a result, the network can access locked liquidity and attract new utility with full Cosmos interoperability.

Connected to the Cosmos ecosystem that links several independent networks, it will be unsurprising to see these networks make a wrapped LUNC to allow the use of LUNC as payment to attract the budding Terra Classic community. In addition, the Cosmos and Tendermint upgrades will also make the network compatible with decentralized applications building on Luna v2, as disclosed by Kim in September. According to Kim, it will usher in a flurry of DApps to the Terra Classic chain.

Consequently, it is a significant step toward bringing utility to the chain.

Twitter Speculation Makes Dogecoin Whales Move 641M DOGE

Lele Jima
-
0
Twitter Speculation Makes Dogecoin Whales Move 641M DOGE

Whales continue transferring large amounts of Dogecoin (DOGE).


 

Dogecoin whales have continued to be active following the massive rally of the crypto asset’s price in the past few days. These investors have made some mind-boggling DOGE transfers this week as rumors are picking regarding Twitter Doge itegration.

Thanks to Whale Alert, a leading cryptocurrency tracking service, these large DOGE transfers are reported as they occur. According to Whale Alert, a total of 641,096,900 (641.09 million) DOGE were moved by Dogecoin whales in the past 24 hours.

Thirteen hours ago, 41,096,902 (41 million) DOGE was deposited to an address on Binance, the world’s leading cryptocurrency exchange by trading volume. At the time of the transaction, the fund was worth $5.55 million.

An anonymous Dogecoin whale moved three hundred million units of DOGE ($41.56 million) to an unknown wallet.

The whale moved the funds in two transactions involving 150 million DOGE tokens. 

Furthermore, Whale Alert tracked the movement of nearly 300 million DOGE tokens from one unknown address to another. The anonymous whale transferred 299,999,998 units of DOGE ($41.8 million) to an unknown address.

Dogecoin Whale Activities Soar

The recent round of huge DOGE transfers indicates a surge in Dogecoin whale activity. Over the past week, large amounts of DOGE have been transferred by whales as they seek to take advantage of the asset’s price increase.

Many of these transactions involved whales depositing their DOGE to popular cryptocurrency exchanges. Sending cryptos to exchanges usually implies that the owner wants to sell or swap the asset class for other tokens.

As reported, 381 million DOGE were deposited to an address on Binance. A day before the development, 107 million DOGE were also transferred to Binance by an unknown whale.

Dogecoin whale activity will not end anytime soon, as more high-net-worth investors join the recent trend.

Earlier today, a Dogecoin address dormant for eight years and nine months transferred 2.37 million DOGE valued at $338k.

Data from BitInfoCharts show that the anonymous whale had accumulated DOGE from 2013 to March 2014.

DOGE Tipped to Merge With Twitter

Dogecoin has been having a good rally since last week following reports that Elon Musk has completed a $44 billion deal to acquire Twitter. The cryptocurrency is tipped by Cardano founder Charles Hoskinson to merge with the social media platform under the leadership of Musk. The world’s richest man also showed his love again for Doge by sharing a picture of a dog wearing a white shirt with the Twitter logo.

DOGE is changing hands at 13 cents, down 5% in the past 24 hours. Interestingly, the cryptocurrency has soared 123% in the past seven days.

Elon Musk Hints Working With Developers On Dogecoin Payments For Twitter

Albert Brown
-
0
Elon Musk Hints Working With Developers On Dogecoin Payments For Twitter

Has Musk Confirmed That He Would Be Adding Doge Payments To Twitter? See The Details Here.


Elon Musk sparks fresh DOGE speculation as he neither confirms nor denies working on a Dogecoin integration with Twitter.

It is no news that most crypto Twitter expects Elon Musk to integrate Dogecoin with the social media platform. However, now, several influencers believe that the Dogecoin lover has all but confirmed these speculations.

 

The latest claims come as the Twitter boss neither confirmed nor denied an inquiry about whether he was working with developers on a DOGE solution or payment on Twitter. Instead, Musk opted to respond with the eyes emoji, often used in text to draw attention to something of interest.

Yesterday Musk shared a picture of a dog dressed in a Twitter-branded shirt, showing his love for the meme crypto.

Musk has also hinted at this in the past, championing ideas from fellow billionaire Mark Cuban to use Dogecoin to fix Twitter’s bot concerns. The world’s richest man has a long romantic history with the doggy meme coin and has made it an option for payment in one form or the other at his other companies.

Consequently, his Twitter acquisition continues to fuel speculation that he would do the same at the microblogging platform. The billionaire has also stoked this speculation, sharing a picture of a dog dressed in a Twitter-branded shirt yesterday.

Riding on this wave of excitement, the doggy meme coin yesterday reclaimed price levels last seen in April. Dogecoin is trading at the $0.1384 price point, up 110% in the last seven days.

It is worth noting that from all indications, there is likely to be a greater crypto integration with Twitter as Binance invested $500 million in Musk’s Twitter acquisition. Notably, the platform allows users to receive tips in Bitcoin and Ethereum. In addition, Binance chief Changpeng Zhao speaking with CNBC, disclosed that the crypto exchange hopes to help the social media platform with payments, touting crypto as the preferred option.

Ripple Locks 1.2 Billion XRP in Escrow Without Releasing Any Tokens This Month

Mark Brennan
-
0
Ripple Locks 1.2 Billion XRP in Escrow Without Releasing Any Tokens This Month

Ripple has put a significant amount of XRP tokens into its escrow wallet.



According to data shared by Whale Alert, Ripple locked a whopping 1.2 billion XRP in escrow. The main specialty is that Ripple released zero XRP this month before locking them.

The 1.2 billion tokens were locked in three separate transactions. For the first transaction, 500 million XRP worth $230.36 million were locked in Ripple Escrow Wallet.

A minute later, Whale Alert observed the blockchain company lock back another 200 million XRP in its escrow wallet. 

Lastly, 500 million XRP ($230.36 million) were transferred to the Ripple Escrow wallet from an anonymous address.

Different from Previous Transactions

Notably, the recent transactions contrast Ripple’s monthly XRP release. Over the past months, before Ripple puts back some XRP in escrow, the blockchain company usually releases at least 1 billion units of XRP. 

It is from the newly released tokens that the blockchain company locks some amounts of XRP back into its escrow wallet. For instance, on certain occasions, when Ripple unlocks 1 billion XRP at the start of every month, the blockchain company usually locks back 800 million units of the tokens back in escrow.

Ripple Monthly Token Unlock Initiative

Ripple’s token unlock program is an initiative that started in 2017. Ripple locked 55% of XRP’s total supply in escrow at the time to boost the token’s price. The Silicon Valley tech company stated that it would unlock 1 billion units from escrow monthly.

The move contributed toward the massive rally of XRP to an all-time high of $3.4 in January 2018. With the SEC charging Ripple for violating U.S. securities law via its 2013 Initial Coin Offering, the blockchain company thought it was important to reduce the number of XRP it puts back into circulation, to protect the token’s price from dumping further.

Based on this, whenever Ripple unlocks one billion XRP every month, it locks back at least 800 million tokens, while the 200 million XRP coins cater to the company’s operational costs. Unlike previous months, Ripple did not unlock the usual 1 billion XRP this month. Instead, it locked a whopping 1.2 billion XRP in escrow.

As reported by The Crypto Basic, Ripple, in its Quarter 3 report, confirmed that Ripple’s XRP Holdings are now less than 50% Of the supply for the first time in its 10-year history.

The Q3 report showed that Ripple sold about $100 million less XRP than it did in Q2 while purchasing more XRP simultaneously. As per the figures, Ripple’s net XRP sales in Q3 amounted to only $310 million, compared to over $408 million in Q2. Meanwhile, total purchases in Q2 rose to about $2.5 billion in Q3, compared to $1.7 billion in Q2.

In Q3, Ripple Escrow released one billion XRP monthly, totaling three billion in the third quarter. Out of these 3B XRP released, Ripple, locked 2.1 billion XRP back to new escrow contracts.

Large XRP Transfers 

Meanwhile, Whale Alert tracked the movement of large amounts of XRP by high-net-worth investors. Unknown whales transferred the XRP tokens to leading cryptocurrency exchanges. Ripple was also involved in the latest round of large XRP transfers. 

According to Whale Alert, 300 million XRP, worth $138.56 million, were moved from an unknown wallet to Ripple’s address.

Eight hours ago, an anonymous whale deposited 24,235,647 (24.2 million) XRP worth around $11.21 million to a Bitso address. 

Whale Alert also tracked the movement of 30 million XRP ($13.8 million) from an unknown wallet to a Bitso exchange address. 

60 million XRP tokens were also deposited to a Bitstamp address by an unknown whale. 

In reverse, a total of 60,921,933 (60.9 million) XRP valued at around $28.4 million were withdrawn from Bitstamp by an anonymous whale. 

Over the past 24 hours, Ripple whales moved 475,157,580 (475.15 million) XRP, worth $218.57 million at the current exchange rate. 

 

Dormant Dogecoin Wallet Moves 2.37M DOGE After 9 Years

Mark Brennan
-
0
Dormant Dogecoin Wallet Moves 2.37M DOGE After 9 Years

Dogecoin whale empties wallet after holding for over eight years.



In a tweet today, Whale alert confirmed that a Dogecoin address that has been dormant for over eight years had moved 2.37million DOGE worth over $338k.

Notably, another on-chain tracker, Lookonchain, confirmed this transaction about an hour later, disclosing that the whale’s holding cost was less than $0.001.

BitInfoCharts data reveals that the whale had accumulated DOGE from December 2013, when the coin launched, through March 2014. The wallet tracker estimates that the whale’s profit from the price change is about $326,401.43. The whale emptied his wallet in two transactions of 356,285 DOGE and 2,018,529.44 DOGE, respectively.

It is unclear now if the 2.37 million DOGE made its way to exchanges, but some users have opined that it is not large enough to cause a significant price reaction. The latest whale move comes as the doggy meme coin enjoys an exciting couple of days that have seen it break significant bear market structures and more than double in price, riding on the wave of Elon Musk’s Twitter acquisition and online antics. 

Consequently, it is not surprising to see both big bag holders and long-term holders decide to take a profit from their holdings.

Data from Lookonchain shows that the top 50 holders of Dogecoin hold 63.71% of the supply. Furthermore, Lookonchain reveals that these top 50 holders have reduced their holdings by 21 million in the past month and 761 million DOGE in the past week. However, they have also increased their holdings by 484 million DOGE since October 31.

A further breakdown reveals that 12 holders added to their bags in the past week compared to 7 who reduced their holding. As such, it shows mixed sentiments among the whales.

Lookonchain estimates that a total of 1.2 billion DOGE has made it to Binance and 45.5 million to Crypto.com in the last seven days. As reported by The Crypto Basic yesterday, experienced analysts are looking to short the meme coin back to the lows of $0.11.

DOGE is currently trading at the $0.14 price point.

SEC Chairman Felicitates With Crypto Community On The 14th Anniversary Of Bitcoin Whitepaper 

Lele Jima
-
0
SEC Chairman Felicitates With Crypto Community On The 14th Anniversary Of Bitcoin Whitepaper 

Gensler says happy anniversary to Bitcoin whitepaper.

With yesterday marking another anniversary of Satoshi Nakamoto’s Bitcoin (BTC) whitepaper, many crypto enthusiasts celebrated the birthday of a document that laid the foundation of a major industry. 

Surprisingly, the Chairman of the Securities and Exchange Commission (SEC) Gary Gensler also joined members of the crypto community to celebrate the anniversary of the Bitcoin whitepaper. 

“Happy 14th birthday to Satoshi Nakamoto’s whitepaper!” Gensler tweeted. 

He noted that the release of the Bitcoin whitepaper by the pseudonymous BTC creator has given birth to “innovation and cryptocurrency investing.” 

The SEC boss said there is a need to ensure cryptocurrency investors are protected as the industry approaches its 15th anniversary. 

“Let’s make sure as crypto enters its 15th year that investors get proper protection,” Gensler added. 

Crypto Community Reacts

The tweet has received mixed reactions from cryptocurrency investors. Some investors expressed gratitude to Gensler for recognizing a significant crypto event like the publication of the Bitcoin whitepaper. 

However, other crypto enthusiasts hurled insults at Gensler due to his regulatory approach in the emerging market. 

SEC Not Protecting Investors?

A large percentage of crypto investors do not believe the SEC, under Gensler’s leadership, is committed to protecting their interests. 

The agency has been slammed for protecting its interests at the expense of U.S. investors. The SEC claims that the vast majority of cryptos are securities without providing further explanation to back the comment. Crypto stakeholders have repeatedly called on the SEC to provide clearer regulations. 

However, the Securities and Exchange Commission thinks the law is clear on what constitutes a security. Both lawmakers and industry participants have criticized Gensler for preferring regulation by enforcement over regulations by rules. These allegations do not seem to bother Gensler, as he continues his quest to control the entire crypto industry. 

Top South African Grocery Retailer ‘Pick n Pay’ to Start Accepting Bitcoin Payments

Albert Brown
-
0
Top South African Grocery Retailer ‘Pick n Pay’ to Start Accepting Bitcoin Payments

 

Prominent South African consumer goods retail platform Pick n Pay will begin accepting Bitcoin and other cryptocurrencies as payment for goods.


 

Pick n Pay will start accepting Bitcoin (BTC) for its consumer goods products across several outlets in South Africa, local news media Times Live reported on Tuesday.

Currently, Bitcoin integration is in its pilot phase, with 39 outlets already testing the crypto payments. The leading retail business plans to integrate the option into more retail outlets as the current phase progresses, with plans to test how customers receive the development.

The recently-introduced payment integration can be utilized through local crypto wallets. Customers can pay for products at the participating retail points by scanning a QR code through any local cryptocurrency wallet with a bitcoin lightning feature.

Upon a successful scan, consumers will witness a conversion rate in the local currency, prompting them to approve the transaction. Pick n Pay noted that the transaction would take only 30 seconds, as is conventional with most blockchain transactions, with an average fee of 70c.

The service is powered by South African crypto payments processor CryptoConvert, and bitcoin wallet Electrum, as Pick n Pay forms a partnership with both, enabling customers to pay with the Bitcoin Lightning network.

In the past five months, the grocery retailer launched a trial phase for the crypto payment, with ten stores in the South African province of Western Cape involved. The number of outlets included in the test has significantly increased to 39.

Pick n Pay’s disclosure of this payment integration comes barely two weeks after South African authorities published a statement revealing intentions to treat Bitcoin and other crypto assets as financial products. The Financial Sector Conduct Authority (FSCA) of the country made the declaration to provide regulatory clarity on the nascent industry.

Speaking on the development, the founder of CryptoConvert, Carel van Wyk pointed out the growing adoption rate of cryptocurrencies in South Africa, as the nation boasts of one of the highest crypto ownership rates in the continent. Despite this growing adoption, he noted that the industry is still in its infancy.

South Africa, like several other countries, has embraced the cryptocurrency industry. According to a Triple-A survey, crypto awareness recently surged to 92.6% among business owners in South Africa. Additionally, crypto adoption amongst business owners had risen to 59.7%.

Amidst this increasing adoption rate, the South African FSCA declared on October 20 that crypto-focused entities within the country will have to apply for a license of operation before November 20, 2023. This decision highlights the regulator’s goal to properly handle the local crypto industry.

Ripple CEO Says Minting NFTs On XRP Ledger (XRPL) Is An “Incredible Milestone”

Lele Jima
-
0
Ripple CEO Says Minting NFTs On XRP Ledger (XRPL) Is An “Incredible Milestone”

 

Garlinghouse is excited following the launch of NFT functionality on XRP Ledger.



Members of the Ripple community are enthusiastic following a report that native non-fungible token (NFT) functionality has been deployed on XRP Ledger (XRPL).  

In a recent tweet, Brad Garlinghouse, CEO at Ripple, joined other members of the XRP community to celebrate the achievement. Garlinghouse described the feat as “an incredible milestone” for the XRP Ledger community. The Ripple CEO also attached a gif of two men and a lady jumping in excitement. 

XRP Community Excited About the Development

Garlinhouse’s reaction to the development further shows how excited the Ripple community is, knowing that XRPL now supports non-fungible tokens. 

RippleX, Ripple’s development team, confirmed the news on Twitter, telling XRP holders to “treat themselves to NFTs on the XRP Ledger.”

Notably, the initiative will contribute immensely to the widespread adoption of XRP. 

XLS-20 Now Live on XRPL

Yesterday, David Schwartz, Ripple’s CTO, took to Twitter to announce that NFT functionality is now live on XRPL. He said: 

“Thanks to the collective effort of the XRPL community and RippleXDev engineers, XLS-20 is now enabled on the XRP Ledger Mainnet, and a few NFTs have already been minted.” 

According to Schwartz, NFTs on the Ripple blockchain are unique compared to digital collectibles hosted on other networks. Schwartz said the development team adopted a no-smart contract approach, thus making XRPL-based NFTs less vulnerable to security risks. 

Furthermore, the non-smart contract approach developers take will mitigate network congestion, thus making transactions faster and cheaper. The XLS-20 proposal offers automatic rewards to creators through an in-built decentralized exchange. 

XLS-20 amendment is a proposal that has received much attention since last year. The amendment was first proposed last year by Nik Bougalis, Ripple’s director of engineering. After deliberation and development, the Ripple team scheduled the proposal to go live in September 2022.

However, things did not go as planned after a critical bug was discovered before the initial scheduled launch date. The team pushed the date to fix all pending issues associated with XLS-20 before the proposal was finally rolled out yesterday.

Cardano (ADA) and Metacade (MCADE) Aim To Be The Biggest Gainers of The Industry In 2023

Andrew MacGill
-
0
Cardano (ADA) and Metacade (MCADE) Aim To Be The Biggest Gainers of The Industry In 2023

Investing in the right crypto projects now could make you sizeable returns in 2023 and beyond, as bearish sentiment reverses and the next bull market returns. Two options that have been raising some comments in the crypto sphere are Metacade and Cardano.

In the sections below, we’ll examine why each of these projects has potential to climb the crypto ranks, and enjoy significant status as some of the top crypto gainers of 2023.

What is Metacade? What is Cardano?

Metacade aims to be a Web3 community hub that will connect gamers, friends, and colleagues of all backgrounds. People will be able to visit Metacade to play in competitive tournaments, try out the best GameFi games, and possibly take the next step in their careers. The site will bring together game developers and community members who are looking for work in Web3 but more importantly, all things gaming.

Cardano is a layer 1 ecosystem that’s similar to Ethereum. Offering particular advantages of Ethereum in terms of speed, it was designed over the course of several years and features some of the best technology of any layer 1 protocol out there.

Why They Could Be Metacade One of the Biggest Gainers of 2023?

Metacade is an up-and-coming project that has the potential to seriously shake up the existing gaming industry, and put itself squarely in the metaverse limelight. Here are four reasons why it could be one of the top crypto gainers of 2023.

Web3 Community Hub

One aspect of what makes Metacade truly unique is its commitment to becoming a community hub for everything Web3. It will be a place that everyone can visit to:

  • Meet new like-minded people
  • Look for possible job opportunities in gaming
  • Play games – both pay to play and pay to earn
  • Earn rewards from p2e but also tournaments and events
  • And more to follow as the roadmap matures

With so many options available on Metacade, it essentially means that a variety of audiences  in the cryptosphere will have good reason to connect with it. That’s a massive total addressable market that underscores just how large the scope of this project truly is.

More Than Gaming

There are plenty of GameFi projects. But most stop at just one title, or one theme. Metacade goes beyond gaming to bring together entrepreneurs, job-seekers, CEOs, and other career-oriented participants in the field of Web3 gaming.

The project will make it easier for game developers to find not only a gaming-focused market research group, but also for talented individuals to help in establishing a career in crypto. This is yet another great reason adding to why it could be a top gainer.

Enjoyable For All Skill Levels

Another reason why Metacade could be one of the biggest gainers of 2023 is that it’s not built for just a single type of gamer.

The protocol and setup will allow community members to run their own competitive tournaments to suit the interests of the most competitive gamers in Web3, which, alongside the other features of the platform, again raises its potential as a top performer in its sector.

Not just a place for hardcore gamers (or more grinding playstyles) – the platform will also be a great place for friends to hang out and play casual games while they chat, without having to get super competitive while doing so if they don’t want to. It’s offering a uniquely universal experience.

It’s a New Project

Finally, Metacade is a promising GameFi project that’s just getting started. With new projects comes a lot of new hype and interest – which is always a booster as far as crypto projects go. With the increasing attention Metacade is receiving at the moment, particularly leading up to its presale – the possibility for creating a stable and sustainable platform increases as the investment potential goes up.

Being a new platform that is community-based, as well as plans to become community-led in the future – it has a ton of room left to run, whereas some of the other popular GameFi projects may have already seen their best days behind them, having reached their all-time highs in the last cycle. This is another great reason why Metacade could be one of the biggest gainers moving forward.

Why Might Cardano Be One of the Top Crypto Gainers of 2023?

With a market cap of more than $14 billion (at the time of writing), Cardano is already one of the largest crypto projects in existence. But it could also be one of the top crypto gainers of 2023. Here are three reasons why.

It Has a Massive Community

Cardano has a die-hard community of enthusiasts who have stuck with the chain through good times and bad.

When a crypto project has this kind of community on its side, it’s much easier for it to generate hype with new releases and take over comment sections across the internet.

This essentially means free marketing, which should play a big role in Cardano becoming one of the biggest gainers of 2023.

The Ecosystem is Primed to Explode

It’s also worth pointing out that the Cardano ecosystem is still relatively thin despite the main chain’s enormous valuation. But developers are working on this, which is another reason why it could be a top gainer soon.

If Cardano is already this big and it doesn’t even have a thriving ecosystem like Ethereum or Solana, then how big can it get when it does?

In 2023, more Cardano projects should be released than ever before. This will make the chain full of opportunities and increase the value of $ADA in the process.

It Has Great Tech

Finally, Charles Hoskinson, the founder of Cardano has spent many years researching the best crypto technology and bringing it to Cardano.

That’s led to some criticism since Cardano has been slow to introduce updates and new protocols. But it also means that Cardano has one of the most carefully-assembled technology stacks anywhere.

This means developers may be able to build more compelling products on top of Cardano, which is another reason why it could become one of the top crypto gainers of 2023.

Which One Should Top Your Investment List?

Each of these projects has the potential to be one of the top gainers of the next market cycle.

Cardano could be one of the top gainers because of its diehard community and exceptional tech stack, whereas Metacade could be one of the top gainers because of its community-focused approach, massive upside potential, and expansion outside the world of gaming.

But if we had to pick just one, we believe in Metacade. That’s because it’s a promising project that’s just starting out, whereas Cardano already has a valuation of nearly $15 billion. You can’t go wrong with either option. But Metacade really has the potential to be one of the top crypto gainers for the foreseeable future.

You can buy Cardano on eToro here.

You can participate in the Metacade Pre-sale here.

Top Analysts Now Looking To Short Dogecoin

Mark Brennan
-
0
Top Analysts Now Looking To Short Dogecoin

Maartunn sees the possibility of DOGE trading lower in the short term.



In a tweet moments ago, CryptoQuant analyst Maartunn shared a chart showing a possible Dogecoin sell setup in the 1-hour time frame.

Notably, the target of the short-term outlook will see the meme coin fall to Sunday’s lows just below the $0.11 price point. 

It bears mentioning that today, DOGE peaked above $0.15 for the first time since April, surging by as much as 29% in the last 24 hours at some point. The latest pump resulted from a captionless tweet from Elon Musk, Twitter’s latest boss, sharing a picture of a dog dressed in a Twitter-branded shirt.

It is worth noting that the price action predicted by Maartunn is not uncommon. Notably, following impulsive moves upward, markets tend to consolidate as profit-taking happens, and afterward, the price may often go back to retest previous lows before rallying higher.

Moreover, Maartunn’s analysis aligns with Eight founder Michaël van de Poppe. According to van de Poppe at its current price, it is better to short the doggy meme coin, saying he would only be looking to buy after a price correction tomorrow or the day after.

In a follow-up tweet, the Eight founder highlights the $0.15, $0.13, $0.11, and $0.085 price points as points of interest. Notably, van de Poppe sees $0.11 and $0.085 as good areas to look for significant long trades.

DOGE has enjoyed a massive rally upwards since Musk took over Twitter at the weekend, more than doubling in value since. The price action comes as investors speculate that the billionaire plans to integrate the doggy meme coin with the social media platform. 

Notably, this speculation that has only been fueled by Musk’s recent tweets and his history of making DOGE a means of payment in his other companies has also led to the proliferation of scam Dogecoin contracts on the Ethereum network and Binance Smart Chain. 

Dogecoin is currently trading at the $0.1406 price point, up 16.47% in the last 24 hours and 134.19% in the last seven days, as DOGE lovers envision a climb back to the highs of $0.73. Veteran trader Peter Brandt believes that Dogecoin is out of the bear market, but according to the analyst, it is not sure that it has kicked off another bull run.

1...2,1782,1792,180...2,641Page 2,179 of 2,641