Dogecoin spiked upInterest in the internet’s favorite dog-inspired meme coin has spiked in the past two days after the news broke on Thursday that Tesla and SpaceX CEO Elon Musk is being sued for using his “pedestal as the world’s richest man operate and manipulate the Dogecoin pyramid scheme for profit, exposure and amusement”. Keith Johnson, the man suing Musk, alleges he was “defrauded out of money”. He is reportedly attempting to sue for $258 billion and wants to represent all of those who have lost money investing in Dogecoin since 2019.
According to crypto social intelligence website LunarCrush, social engagements regarding Dogecoin have spiked in the last two days from around 100-150 million prior to the news breaking to nearly 900 million alone on Friday. But the spike in the buzz around Dogecoin hasn’t helped its price. DOGE/USD was last trading in the $0.0575 area, around the middle of this week’s $0.050-0.063ish range. Dogecoin currently trades around 92% below its record peaks printed in May 2021 at just above $0.76.
Elonmusk
Elrond (EGLD) Surged 24% Today as the Broader Crypto Market SlipToday, the cryptocurrency project Elrond saw a surprising double-digit surge of 24% in the price of its native coin EGLD. In contrast, the overall crypto category slipped 2% as investors processed through the Federal Reserve's decision yesterday to increase interest rates by 0.75% -- marking the largest single-day hike since 1994.
EGLD is often called eGold, which seems fitting today as its price across cryptocurrency exchanges jumped as high as $57.50 over the past 24 hours -- it has retraced a bit since then, however. It also had a whopping 85% pump in trading volume over the same timeframe as a mini-FOMO run that appears to be occurring around one of the few bright spots today within the crypto space.
At the time of writing, most other cryptos in the top-10 projects based on market value were trading down including Bitcoin, Ethereum, BNB, Cardano, and XRP. By comparison to those other blockchains, Elrond's website boasts that it's 1000 times faster than it used to be and able to process 15,000 smart contracts per second while providing settlement for each of those transactions in seconds for only fractions of a penny.
🚀DOGE: is it the end of the meme coin and meme Lord?Musk is reportedly accused of being part of a "pyramid scheme" related to Dogecoin. He faces a fine of $258B and a ban on DOGE promotion. Hope that everything will be fine to both coin and Elon.
About a month ago❗️, i published the idea about the same strange relationship between Elon and DOGE. Check it out😉
But we traders have to be ready for anything. Now a lot of traders are "locked" in Doge after the accumulation in the $0.8-0.88 value area. They become the fuel for dump and some of them have already been liquidated.
I expect the false breakout of the $0,064-0,066 value area return to the trendline and after some squeeze above it break it down. Preconditions for it we can check at the volume indicator. Some big players sell doge at the rebounce after dump. If at the false breakout the volumes will grow it will be the best confirmation for us to open a short trade according to this scenario.
Targets: return at least to $0,5-0,55 value area. The next targets we can difine when this movement begin depends on BTC mood.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Elon Musk Facing $258 Billion Lawsuit for Promoting DogecoinCentibillionaire Elon Musk has been slapped with a $258 billion class-action lawsuit over his Dogecoin promotion, which was filed in Manhattan's federal court earlier today.
Keith Johnson, the plaintiff, claims that he wants to represent the people who got burned by the meme cryptocurrency.
Musk, the self-appointed “Dogefather, as well as Tesla and SpaceX have been accused of engaging in “a crypto pyramid scheme.” Johnson claims that Dogecoin is a just a fraud designed for greater fools.
The plaintiff has cited a tweet posted by Dogecoin co-founder Jackson Palmer to bolster his case. As reported by U.Today, Palmer, a vocal critic of cryptocurrencies, opined that the industry was perpetuating a “cult-like” scheme.
Johnson claims that Musk falsely stated that Dogecoin is money while encouraging his audience to buy the cryptocurrency.
Defendants and their employees have allegedly deceived the plaintiff and the class into viewing the Bitcoin parody as a viable asset.
The lawsuit demands that the centibillionaire and his company stop promoting the meme cryptocurrency.
XAUUSD 4H TA : 06.16.22 (+Update)I think the price can reach to 1850$ for the next target in today or tomorrow ... agree ?
The price reacted positively to the DEMAND ZONE , let's see what would be happen next .
✅ TP1 Reached ✅ ~ $ 1831
✅ TP2 Reached ✅ ~ $ 1842
Last analysis : As you can see, after collecting liquidity below $ 1807, the price faced demand and increased by $ 20, now trading in the range of $ 1827, the first scenario is to rise to the levels indicated on the chart, respectively: $ 1831, 1842, $ 1851, $ 1857 and $ 1863 ...! The second scenario is rejecting from $ 1824 to $ 1831 zone and moving to the $ 1804 and $ 1787 targets.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.16.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Cypher off the GartleyQuick zoom in to estimate the near-term price action in supplement to my bigger picture ideas. I'd expect market to follow this.. so pop this morning, drop into the FOMC, take off after the fakeout down.
For TSLA specifically:
- pop to around 690-693
-drop to 645
- rally to initial target (updating this from 730 to 726-727)
.
BITCOIN 1h TA : 06.15.22Analysing price behavior and important liquidity pools on the Bitcoin chart.
First Target Reached : $ 21450 ~ 2.5%
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.15.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
#btcstarburst Update How Bad BTC?How Bad could it get? Could this be more then a sell off? Could this be liquidations caused by a trickle down effect? There are many studies showing Holders halving a substantial amount of substantial amount of Bitcoin. Regardless the lower it goes consumers/retail are buying small fractions. 23k is pegged, 15k is is pegged and 7,5K ish is Pegged. Obviously these are studies in Gann DCA SAFELY
Elon Musk Is Showing Support for Decentralized Web on DogecoinDogecoin is once more gaining attention from Tesla CEO Elon Musk, as the latter teased support for Dogecoin's "web69." A Dogecoin user, "Wandrinstar," indicated in a recent tweet, "If Jack and Bitcoin can create web5, then Dogecoin can create web69." The tweet caught the attention of former Twitter CEO and Block founder, Jack Dorsey, who tagged Elon Musk while replying "your move."
The Tesla CEO, stating his views on the decentralized web on Dogecoin or the "web69" concept, responded with a fire emoji. This seems to go down well with Dogecoin creator Billy Markus, also known as "Shibetoshi Nakamoto," who joked about "web69" when he tweeted "I only wanna hang out on web69."
"You're still on web69? Peasant. I'm on web420," joked @WSB chairman in response. Markus replied, "web420 and web69 are bros, all the other webs blow."
Former Twitter CEO Jack Dorsey and Tesla CEO Elon Musk have always been in the same boat when it comes to their dislike for web 3.0. Elon Musk, in fact, never misses an opportunity to bash web3 technology.
DOGE Dogecoin Price PredictionAs much as i like the project, if Elon Musk doesn`t buy Twitter and gives some utility to DOGE Dogecoin, i don`t see it go higher from here.
In fact, the $10 Billion mk cap that it has now is enough for the official cryptocurrency of TSLA and Space X merch, let`s be serious... Those are its only fundamentals.
Due to the markets condition i expect DOGE Dogecoin to touch the $0.050 support.
Looking forward to read your opinion about it.
PLSD PULSEDOGECOIN DAILY is ripping face and could move up?PLSD : PULSEDOGECOIN DAILY CHART
This is a new coin launched as a meme coin
for the soon to launch PULSECHAIN Layer 1
Network that will spank ETH's lights out. PLSD
will only realistically have 5-6 million tokens in
circulation due to users must claim thier tokens
from their wallets and only half of the 12 million total
supply will probably be claimed. I belive this token
will straight up be a monster compared to every
other meme coin ever created. Dig into the
website www.pulsedogecoin.app This asset has
been ripping even in a bear market...so much to
come with the PULSECHAIN LAUNCHING SOON.
check out the other notes on the chart.
$ELONGDWETHYou can trade Elongate Deluxe on Uniswap (v2). Popular trading pairs for Elongate Deluxe in the market includes ELONGD/USD, ELONGD/CAD, ELONGD/EUR, ELONGD/PHP, ELONGD/INR, and ELONGD/IDR.
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TWTR buyout updateElon Musk threatened to terminate his $44 billion plan to buy Twitter arguing that the company is breaching merger pact by not disclosing spam information.
If he wants to lower the price, i think the minimum upside is $45.75, which still represents an upside of 18,45% from the current level.
If the number of bots is exactly like Twitter says, then +41.22% is the upside from here.
Looking forward to read your opinion about it.
Dogelon Mars (ELON) formed bullish Butterfly for upto 252% rallyHi dear friends, hope you are well and welcome to the new trade setup of Dogelon Mars (ELON) token.
On a weekly time frame, ELON has formed a huge bullish butterfly pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade