New Twitter CEO Linda Yaccarino's interest in Dogecoin and Shiba Inu sparks crypto community's attention.
Linda Yaccarino has been named the new CEO of Twitter, with Elon Musk extending his welcome to her. Yaccarino is known to be a supporter of meme coins such as Dogecoin and Shiba Inu, and the crypto community is curious about her stance on Musk's advocacy of Dogecoin. Yaccarino will oversee business operations, while Musk will take on the roles of executive Chair and CTO. Yaccarino is also the Chair of the Advertising Council's Board of Directors and a member of the World Economic Forum's Media, Entertainment, and Culture Industry Governors Steering Committee.
Cryptocurrency Market Analysis: Ethereum, Ripple, Cardano, Pepe, and Dogecoin Experience Losses
This week's cryptocurrency market update focuses on Ethereum, Ripple, Cardano, Pepe, and Dogecoin. Ethereum has experienced a 7.4% decline, with the key level at $1,800 now acting as resistance. If the key support at $1,660 holds, Ethereum may maintain its macro uptrend. Ripple has lost 8% of its value, with sellers in charge and a likely scenario for the price to fall until the 40 cents support. Cardano has fallen by 7.7%, with the head and shoulders reversal pattern confirmed and a likely target of the support at 34 cents. Pepe has crashed by 37%, with support at $0.0000010 and a high likelihood of crashing by over 90%. Dogecoin has fallen by 10.5%, with a test of the key support level imminent.
Dogecoin Price Drops 1.5% in 24 Hours, AiDoge Emerges as a Potential Meme Token Alternative
Dogecoin (DOGE) has experienced a 1.5% drop in the past 24 hours, with its market cap slipping back to $10 billion. This represents a 10% decrease in the past week and a 13.5% decrease in the past 30 days. Despite this, DOGE's chart is showing signs of improvement, with its relative strength index rising and its 30-day moving average stabilizing. However, traders who are looking for alternative meme tokens may want to consider AiDoge (AI), an AI-powered meme-generating platform that has already raised over $6 million in its presale and is showing good potential. Investors can participate in the presale by visiting AiDoge's official website.
PEPE vs DOGE: The Battle for Memecoin Supremacy
The rise of memecoins, or cryptocurrencies inspired by internet memes, has become a trend in online communities. One of the most popular memecoins is PEPE, a frog-themed token that aims to surpass dog-inspired meme coins like Dogecoin. While PEPE gained popularity quickly and reached a $1 billion market capitalization in just three weeks, its marketcap quickly plummeted to $725 million on May 9.
Pepe the Frog Meme Creator Unaware of PEPE Coin, Prefers DOGE
The creator of the Pepe the Frog meme, Matt Furie, has revealed that he was not aware of the existence of the Pepe (PEPE) cryptocurrency despite its recent surge in popularity. During a Twitter Space discussion about his new non-fungible token (NFT) art collection called Zogs, Furie admitted that he was a Dogecoin (DOGE) maximalist and had only heard of Ethereum (ETH) and Bitcoin (BTC) before. It remains unclear whether Furie will seek compensation from the team behind Pepecoin for the use of his meme. Meanwhile, PEPE has experienced a meteoric rise in value, with its onchain metrics showing impressive growth.
Tradecurve Emerges as a Promising Investment Opportunity Amidst Dogecoin's Decline
As Dogecoin's value continues to decrease, investors are seeking more lucrative investment opportunities. One such option is the Tradecurve ($TCRV) presale, which has already sold over 28 million TCRV tokens in just a few days, indicating strong demand. Tradecurve offers a unique approach to trading, with a focus on security and transparency, and the potential for growth. As the banking sector faces instability and the broader market recovers, investors are turning their attention towards promising projects like Tradecurve in search of profitable investment opportunities. To learn more about the Tradecurve presale, visit their website or buy presale tokens through their app.
Dogecoin Falls as Meme Coins Like SpongeBob See Success
Dogecoin (DOGE) has experienced a 2.5% drop in the past 24 hours, with its value now at $0.072517. The coin has seen an 8% decrease in the past week and an 11% decrease in the last 30 days. In contrast, new meme coins such as SpongeBob (SPONGE) have seen significant gains, with SPONGE rising by as much as 9,000% since its launch at the beginning of the month. DOGE's chart indicates further losses to come, with its 30-day moving average dipping below its 200-day average and its support level falling below $0.075.
Crypto Analyst Predicts Pepe Coin Will Overtake Shiba Inu as Second Largest Meme Coin
Delphi Digital newsletter writer and crypto analyst, Cryptunez, predicts that Pepe will overtake Shiba Inu as the second largest meme coin. Despite a 65% correction from its current blow-off top, Pepe's market cap needs to increase by 7x to flip Shiba Inu in market capitalization. Cryptunez believes that Shiba Inu is overvalued and an unoriginal DOGE clone, while Pepe has a low market cap and maximum supply of 420 trillion, making it an enticing investment. Cryptunez expects Pepe to flip Shiba Inu within a year.
Dogecoin Price Prediction: Doge Hits Bearish Circuit and Could Drop To $0.07
Dogecoin has started a fresh decline against the US dollar, trading below the key support level of $0.0775 and the 100 simple moving average (4 hours). The price is facing resistance near the $0.078 zone and a bearish trend line forming with resistance near $0.078 on the 4-hours chart of the DOGE/USD pair. If DOGE fails to gain pace above $0.078, it could continue to move down, with initial support on the downside near the $0.0735 level and the next major support near the $0.0720 level. The MACD for DOGE/USD is now gaining momentum in the bearish zone, and the RSI is below the 50 level. (newsbtc)
How 10 Meme Coins Make Millionaires
Meme coins are a very risky type of crypto because they are based on Internet cultural references. The price movement depends on whether the meme coins can stay relevant by driving hype or support among the community, and lack fundamental value.
HedgeUp (HDUP) Presale Attracts Attention for First NFT Marketplace for Alternative Assets
The HedgeUp (HDUP) presale is attracting attention from crypto enthusiasts worldwide due to its unique proposition as the first NFT marketplace for alternative assets. HDUP will be the currency used to buy NFTs in the marketplace and unlock other elements of the ecosystem, such as educational masterclasses, a decentralized autonomous organization (DAO), banking opportunities, and a metaverse.
Move Over Shiba Inu and Doge, There’s a New Top Dog (or Frog) in Town
A newly-created token named after the ‘Pepe the Frog’ meme has recently taken the meme-coin crown, hitting a market cap of half a billion dollars within two weeks of launch.
Long-Dormant Dogecoin ($DOGE) Address Revived After Nearly a Decade of Inactivity
An inactive dogecoin ($DOGE) address 1,556,994 DOGE ($123,155) has reemerged after remaining dormant for 9.3 years.
The Elon Musk Effect: Cult DAO (CULT) Spikes 70% Following Tesla’s CEO Tweet
The native token of blockchain project Cult DAO, CULT, surged over 70% shortly after a mysterious tweet from Elon Musk containing the same name. Musk's previous comments have caused price swings in digital assets such as Dogecoin and Floki Inu. Despite not revealing what he meant by the tweet, CULT's price spiked in a matter of hours.
Just In: BitMining Introduces Next Generation Miners for Dogecoin and Litecoin
Cryptocurrency mining company BIT Mining has announced the launch of advanced more recent version of its Dogecoin (DOGE) and Litecoin (LTC) mining machine dubbed LD4. BIT Mining already operates some LD series of ASIC mining machines that were designed by the company and work specifically on the DOGE and LTC blockchain. They offer high hash rates and energy efficiency.
Dogecoin Whale Withdraws $12 Million In DOGE From Binance
A Dogecoin whale has transferred around 151 million DOGE, worth nearly $12.1 million, from Binance to an unknown wallet, which could be seen as a bullish sign for the cryptocurrency. The transfer, known as an exchange outflow, suggests that the whale is accumulating DOGE at relatively low prices. However, it is also possible that the transfer was made for selling through peer-to-peer deals, which could lead to bearish price action for Dogecoin. Currently, DOGE is trading at around $0.078, down 16% in the last week.
From Meme to Mainstream: The Cultural Phenomenon of Dogecoin
Dogecoin ($DOGE) has become a cultural phenomenon with its iconic Shiba Inu dog logo and playful memes, capturing the attention of a younger and more diverse audience. Its use in charitable giving and philanthropy has also helped to build a positive and engaged community around the currency. Social media has played a significant role in the popularity of Dogecoin, with Twitter, Reddit, and TikTok becoming hubs for Dogecoin memes, discussions, and investment tips. However, there are also challenges and criticisms of Dogecoin as a viable investment or payment option, including its unlimited supply and lack of a clear use case. Dogecoin is currently trading at around $0.0801, making it the ninth most valuable cryptoasset by market cap. The fact that Tesla and SpaceX CEO Elon Musk is a fan of Dogecoin gives hope to $DOGE HODLERs that it may one day find a mainstream use case.
PEPE Coin: The Meteoric Rise of a Meme Token and the Risks Involved
Liquidity concerns arise due to the massive number of tokens held by some investors and large wallets allegedly controlled by the PEPE token founders that could drain liquidity.
Pepe Token Surges 77% in 24 Hours, Leading the Top 10 Meme Coins' Market Gains
Bitcoin and Ethereum have risen modestly by 1.2% to 1.6% over the past 24 hours, while the meme token Pepe (PEPE) has surged 77% against the U.S. dollar, with a market cap of $141 million, just $24 million shy of its all-time high valuation. Other top meme coin assets, including Dogecoin and Shibu Inu, have risen by 1.2% to 1.4% today, while Baby Doge Coin has experienced a 10% increase in value over the past day.
