HUGE DOGECOIN BREAKOUT IS COMING THIS WEEK



the price of doge is dropped by about 32 percent over the past three weeks and has shown that more is yet to come as the big crypto remains indecisive many predict the doge may correct further by another 15 percent to revisit the support level at 19.6 cents while the outlook appears to be bearish on the short term traders and investors


can expect the dogecoin price to show some sort of mild yet bullish reaction as it approaches the 19.6 foothold the last two times the doji tested this level a 70 upswing was observed over the course of two to four weeks therefore investors should expect the current pullback to stabilize around the support level which would be a good buy opportunity in an optimistic case does coin price is likely to bounce off the 19.6 cent foothold and trigger another quick run-up which could propel doge to 31.1 cents just days after spacex founder elon musk joked on snl about his role in spreading cryptocurrency memes the company scheduled a lunar trip totally sponsored by doshcoin geometric energy corp


announced in may a planned moon rideshare trip on a spacex falcon 9 rocket which generally costs 62 million dollars to book however no information on how much money or cryptocurrencies will be exchanged nor on what additional missions will fly aboard the rocket has been provided musk tweeted about the arrangement in may stating that it will be a first time a cryptocurrency will be used in orbit as well as 


the first time a meme will be utilized in space the expedition which is set to launch in the first quarter of 2022 follows musk's april 1st statement pledging to place dogecoin literally on the moon because he tweeted it on april fools day several people didn't take it seriously at first the mission however is still in the works and 


it's presently intended to be orbital according to a new statement from geometric the mission will launch an 88-pound cubesat on a mission to acquire lunar spatial intelligence with integrated communications and computing capabilities sensors and cameras the details of which are unclear will also be included in the payload the acquisition solidified doge is a unit of account for lunar business in the space industry according to geometric ceo samuel reed the corporation also said that it would perform all future missions in dogecoin noting benefits such as its security and the ability to execute transactions even after business hours


however some publications such as barons recognize hazards and point to mitigating valuation aspects in cryptocurrencies and their volatility some industry publications have also raised concerns about the reliability of the cryptocurrency infrastructure and its involvement in sponsoring criminal operations despite the fact that elon musk has not made a clear statement


about his favorite cryptocurrency doshcoin in a while his impact may be continuing dogecoin started as a joke however in 2021 it looks like the joke is now on those who didn't take the mean cryptocurrency seriously elon musk's mean cryptocurrency which he couldn't


stop tweeting about reached an all-time high in early may surpassing the 10 cent threshold for the first time this is the highest price ever paid for the cryptocurrency and it's the culmination of a semi-ironic campaign involving thousands of purchasers tens of thousands of online commenters and elon musk the world's wealthiest man in early january each token was worth less than one penny when both the gamestop and 


dogecoin movements were in full force in late january the value of dogecoin skyrocketed to seven and a half cents far over a 10 magnification before plummeting for the past several months the currency has been trading in the 20 to 30 cent range


musk who is dubbed the doge father for his role in rallying the cryptocurrency has claimed publicly that dogecoin may be the strongest cryptocurrency available on twitter musk endorsed billionaire entrepreneur mark cuban's assertion that doshcoin is the most powerful 


cryptocurrency as a means of trade cuban told cnbc that the doge community is the strongest when it comes to utilizing it as a medium of trade and elon musk commented on cnbc's piece on cuban's claims stating i've been saying this for a while according to coindesk statistics dogecoin saw a big spike after musk's


post on august 15th and august 16th musk has been stating this for quite some time he said in a may interview there's a strong likelihood that crypto is the future money of the planet the issue now is who will win and maybe a number of them he guessed


the irony according to musk is that dogecoin was founded as a joke basically to criticize bitcoin the money that began as a prank becomes the true currency don't invest your life savings into cryptocurrencies he said that's a terrible idea



Elon Musk Seems To Have A Second Job


elon musk seems to have a second job on twitter hustling for bitcoin prices on thursday august 12th the billionaire who has persistently advocated both bitcoin and 


the mean currency dosecoin tweeted about the mean currency once again this isn't musk's first second or third attempt at anything similar when musk discusses cryptocurrencies the price of


cryptocurrency jumps often following a subsequent drop the occurrence has not only been connected but has also been called the musk effect by internet sleuths dogecoin's top price in 2018 was about two cents right before it fell with the rest of the cryptocurrency market according to sources doshcoin has lost approximately 90 of its value by early 2019 and was selling for a fraction of a cent at the beginning of the year the


elon musk effect which roiled the crypto community this year by sending token values flying or crashing with every tweet from tesla's ceo looks to be losing its appeal the billionaire has been a significant driver of bitcoin and doshcoin volatility since revealing tesla's 1.5 billion dollar bitcoin stake and


applauding the meme inspired assets potential recently a split with bitcoin brought it down to levels not seen since the start of the year musk's influence though looks to be decreasing as we enter the second half of 2021. 


musk tweeted in favor of dogecoin on thursday july 1st saying released the doge and included a godfather inspired image of actor marlon brando the coin's value rose marginally but not as much as it would have a few months ago dogecoin for example soared by 20 in may after he launched a twitter poll asking whether people wanted tesla to accept the currency as payment on friday july 2nd musk posted another photograph of a guy on his laptop presumably focused on dogecoin and 


the game polotopia on the screen it looks that investors are no longer listening and are now recognizing that one man's tweets shouldn't be the determining factor for whether they purchase or sell their assets said


alexander clark sales trader at global block a uk-based digital asset broker several investors have poured money into dogecoin through the trading app robin hood which stated that the meme token accounted for 34 of their cryptocurrency income in the first quarter of this year the firm cautioned that if demand for the currency collapses and is not replaced by interest in other cryptocurrencies the company's revenue may suffer critics have accused musk and




his twitter storms of manipulating the market and driving prices soaring with millions of individuals already investing in cryptocurrencies having that much power in the hands of one person is potentially harmful since it may push investors to make judgments based on little or no study since musk departed from bitcoin the world's most popular cryptocurrency has been in a state of limbo it didn't react much when the billionaire predicted a positive result for the bitcoin miners gathering to make the commodity more environmentally friendly or when he indicated tesla would restart taking


bitcoin as a payment if miners utilize fifty percent of sustainable energy bitcoin was last trading about fifty six thousand two hundred dollars at the time of recording down roughly eighteen percent from its all-time high of over 68 000


it is tough for investors to make investments while balancing the abilities necessary to be fast on the uptake in order to beat the crypto market in the midst of a rush of information from a single important voice however many believe that the crypto community has grown bored of musk's comments perhaps causing his impact to fade away as simply another fleeting trend thank you