DOGE surged as much as 5% to a session high of 17.3 cents within minutes after the post, while SHIB jumped nearly 3% during the same period. However, the advances proved to be short-lived as both cryptos pared gains. Still, DOGE was up 6% and SHIB gained 1% over the past 24 hours, outperforming the mostly flat broad-market
The action underscores the market-moving sway Musk possesses over memecoins, with many crypto enthusiasts speculating on the possibility of him being behind one of the largest dogecoin holders and potentially integrating the token into an X payment system. Kabosu, the face of dogecoin and several other meme tokens, died early Friday, her owner wrote in a blog post. She was over 17 years old.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin price is trading back above the all-important 20-day EMA, and if it holds it could be proof that bulls are back in control.
Source: Cointelegraph - 🏆 562. / 51 Read more »