cryptd.in

另类 LinkedIn 适合加密人才

Is This the Final Chapter for Dogecoin’s Bull Run? Assessing Musk’s Recent Comments

-

由

cryptd.in
于

简要说明

  • Despite the rumors and speculations that the Musk-led D.O.G.E. might use the meme coin, the billionaire refuted the claims on Sunday evening.
  • While such a statement by Doge’s most famous proponent could hurt the asset, certain technical aspects indicate that there could be some gains around the corner.

doge_red_cb

No DOGE to Be Used

During Trump’s presidential campaign last year, one of the groundbreaking promises made by him and people close to him, in this case Elon Musk, was the creation of a government department that would ‘identify and eliminate wasteful government spending, aiming to reduce federal expenditures by $1 trillion.’

Its name, Department of Government Efficiency (D.O.G.E.), and Musk’s leadership role led to immense excitement in the meme coin community. Moreover, people started speculating that Dogecoin would eventually be used in some form and that it would benefit from the name resemblance.

The rumors were fueled by the addition of the meme coin’s logo to the D.O.G.E. website just a day after Trump’s inauguration. All of this hype resulted in a massive rally for Dogecoin, as its price skyrocketed from $0.14 ahead of the elections to a multi-year peak of $0.48 a month later.

However, DOGE has failed to maintain its run and has dropped by over 60% since the January peak of $0.42, as it now struggles at $0.163.

What could be even worse for DOGE’s upcoming price movements is the fact that Musk refuted the aforementioned rumors on Sunday. Speaking in a Town Hall meeting in Wisconsin, the Tesla CEO said the government has no plans to use DOGE in any form.

“They happen to be similar names, but really, we’re literally just trying to make the government 15% more efficient.”

The End or Not?

Musk’s statement could be regarded as a big blow to Dogecoin’s bull run aspirations, especially since the asset is far from this cycle’s peak. However, there are certain positive signs on the technical side of things, as laid out by Ali Martinez.

The analyst noted that the TD Sequential has posted a buy signal on the weekly chart and added that as long as DOGE’s price remains above the lower boundary of the channel posted below, it could reignite another surge.

The analyst with over 130,000 X followers also informed that DOGE is primed to experience substantial volatility in the following weeks as ‘anxiety is building among Dogecoin holders.’

职位 Is This the Final Chapter for Dogecoin’s Bull Run? Assessing Musk’s Recent Comments 首次出现在 加密土豆.

评论

发送留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (350) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (60) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (61) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (3) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。