If we can continue with sustained momentum up this could be a nice scalp if not bigger. Elon has officially accepted Doge as payment. We have consolidated into a nice bullflag since the news, if volume can follow through we can hit the upper target. NFA, DYOR
11:06Dec 14, 2021Benzinga
Elon Musk Sends Dogecoin Running Higher Once Again: Can The Crypto Maintain Momentum?
Dogecoin (CRYPTO: DOGE) skyrocketed 44.85% at one point on Tuesday after Tesla, Inc (NASDAQ: TSLA) CEO Elon Musk announced on Twitter the EV and technology company will begin accepting the Shiba Inu themed cryptocurrency as payment for merchandise.
The announcement was exactly what was needed to perk up Dogecoin, as a higher low printed Monday at the $0.151 level indicated the crypto may be ready to reverse trend.
Musk has been a strong proponent of Dogecoin and often communicates with the crypto’s co-creator, Billy Markus, over Twitter despite Markus no longer being involved with Dogecoin’s development. Last May, Musk announced he was working with Dogecoin’s current developers to “improve transaction efficiency” and on Nov. 10 sent a message of approval over Twitter after Dogecoin Core 1.14.5 was released, which lowered transaction fees.
11:06Dec 14, 2021Benzinga
Elon Musk Sends Dogecoin Running Higher Once Again: Can The Crypto Maintain Momentum?
Dogecoin (CRYPTO: DOGE) skyrocketed 44.85% at one point on Tuesday after Tesla, Inc (NASDAQ: TSLA) CEO Elon Musk announced on Twitter the EV and technology company will begin accepting the Shiba Inu themed cryptocurrency as payment for merchandise.
The announcement was exactly what was needed to perk up Dogecoin, as a higher low printed Monday at the $0.151 level indicated the crypto may be ready to reverse trend.
Musk has been a strong proponent of Dogecoin and often communicates with the crypto’s co-creator, Billy Markus, over Twitter despite Markus no longer being involved with Dogecoin’s development. Last May, Musk announced he was working with Dogecoin’s current developers to “improve transaction efficiency” and on Nov. 10 sent a message of approval over Twitter after Dogecoin Core 1.14.5 was released, which lowered transaction fees.
