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Musk Tweets, Dogecoin Stands Fast

Benzinga

1 Views • Dec 13, 2021

Description

Dogecoin is still dropping over the last 24 hours, even though Tesla ($TSLA@US) CEO, Elon Musk, is taking more time to tweet about the token. As the most popular proponent of the meme coin, Musk has had the power to bring up the price of Dogecoin whenever he likes. As DOGE becomes one of the most-talked-about tokens, it tends to gain steam. However, the global crypto market cap is falling, Bitcoin is bottoming out and some investors are pulling out of the market as the stock market continues to see huge gains. Dogecoin is facing resistance above 19 and 21 cents, according to Mishaboar, particularly because of the low number of transactions. Core developer, Ross Nicoll, joined the conversation, noting that it would be nice if the issue of empty blocks went away. Dogecoin co-founder, Billy Markus, even brought Musk back into the conversation, tweeting that dogs are awesome and getting yet another response from the Tesla CEO. Even so, at press time, Dogecoin was down nearly 3% at 16.38 cents, nearly a penny off its 24-hour high.

Keywords & Tags

#crypto #cryptocurrency #nft #non-fungible token #finance #business #crypto news #dogecoin #doge #blockchain #tesla #tech #investors #Elon Musk #altcoins #meme coin #token #digital asset #crypto broker #crypto mining #Billy Markus #Ross Nicoll #virtual currency #Tweeting #economic outlook #Mishaboar #Musk Tweets #Pump Dogecoin #facing resistance #Core developer #empty blocks

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