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Elon Musk addressed the issue of scam tokens like $X and $TWITTER falsely claiming connections to the social media platform. Elon Musk firmly stated that the social media platform X, (formerly known as Twitter), has no plans to launch any crypto tokens, as he responded to a post regarding questionable X and Twitter-based digital currencies on Saturday, August 5. In response to a post made by DogeDesigner, Elon Musk addressed the issue of scam token s like $X and $TWITTER falsely claiming connections to the social media platform. DogeDesigner had cautioned the crypto community about being cautious with certain articles related to scam token s and clarified that neither Elon Musk nor X had ever initiated a crypto token . In his reply, Elon Musk asserted, "And we never will." Previously, Elon Musk had dropped hints about the possibility of incorporating cryptocurrency as a payment option on his platform. Traders were left wondering whether he would introduce a particular cryp...

Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins. Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the direction of the breakout with certainty. Glassnode’s latest weekly newsletter highlighted that Bitcoin’s (BTC) consolidation has shrunk the Bollinger Bands, which are separated by just 4.2%. Citing various on-chain indicators, the authors concluded that investors are unwilling to sell, and in several aspects, it looks similar to “periods like 2016 and 2019-20, characterized by choppy market conditions.” Daily cryptocurrency market performance. Source: Coin360 Although Bitcoin’s near term may look uncertain, the long term remains bullish. Capriole Investme...

The original meme coin could see a plethora of Dogecoin addresses and 37 billion DOGE fall out of profitability if its price falls below the $0.0745 level. Moreover, IntoTheBlock noted data that shows more than 101,270 such addresses are at risk of losing their current position.  Moreover, the data relayed that more than 37.2 billion DOGE were bought at a price between $0.0745 and $0.0786. Subsequently, the data theoretically show that the number represents almost half of all Dogecoin investors that are currently in profit, at $74.38 billion DOGE, according to U.Today.  Source: Kiplinger DOGE Investors at Risk Amid Critical Level Currently, the original meme coin is sitting at a price of $0.0783, with a decline of 0.78% over the last 24 hours, according to CoinMarketCap. Alternatively, Dogecoin has experienced a swift decline for more than a week. Trending alongside the greater crypto market. Now, Dogecoin investors are slightly concerned, as 37 billion DOGE is at ri...

The original meme coin may not have experienced as much relevance as it did in 2021 when Mark Cuban announced the Dallas Mavericks would accept it as payment. So, if you invested $1,000 in Dogecoin (DOGE) in 2021, how much would you have now? Known for its volatility, DOGE often maneuvers in price based on its social relevancy. Subsequently, figures like Mark Cuban and Tesla founder Elon Musk have always been vital to its growth. Conversely, what would you have now if you invested during a social high mark for the crypto? DOGE Goes to Dallas Source: Crypto Slate On March 4th, 2021, Mark Cuban announced that his NBA franchise, the Dallas Mavericks, would accept Dogecoin . Specifically, they would accept cryptocurrency as payment for tickets and merchandise sold at the arena. The decision was a landmark one for meme coins and the relevancy of DOGE in the mainstream. The move was made possible by BitPay, who noted the NBA team’s interest in crypto adoption. “The...

Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take. The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%. However, the bullish sentiment of the equities markets has not rubbed off on the cryptocurrency markets which continue to underperform. Bitcoin’s (BTC) tight range trading since March 4 suggests that there is uncertainty about the next directional move. Daily cryptocurrency market performance. Source: Coin360 Generally, periods of low volatility are followed by a pick-up in volatility. The congressional testimony of Federal Reserve Chair Jerome Powell on March 7 and March 8 will be watched for the outlook on inflation and rate hikes. Later, on March 10, the release of Febru...

Usually, the laws of demand and supply, along with buy-sell pressure, play a crucial role in determining the price of an asset. However, as far as Dogecoin is concerned, merely a single tweet from its self-proclaimed father, Elon Musk, can push up its price, irrespective of the macroeconomic conditions. Well, a typical exhibit of the same unraveled on Wednesday. At press time, the global cryptocurrency market cap was down by 1.94% on the daily timeframe, and most assets were seen consolidating, including Dogecoin. However, as soon as Elon Musk waved the magic wand and tweeted about a confession, the dynamics completely changed. Musk noted that it was “high time” he revealed that he was the one who let the “Doge” out. The image attached to the tweet read, “It was me, I let the dogs out.” High time I confessed I let the Doge out pic.twitter.com/TAi4p1khAd — Elon Musk (@elonmusk) February 22, 2023 Also Read: Solana On-track to ...

The crypto currency industry has been subject to increased criticism for its energy consumption. This isn’t limited to crypto currency mining alone, as transactions related to the industry also get their fair share of backlash. While several have been coming up with sustainable ways to employ crypto currency, it doesn’t seem quite enough. As Bitcoin [BTC] continues to leave behind high carbon footprints, Dogecoin [DOGE] was turning a new leaf in this arena. Recent research from Forex Suggest revealed that Dogecoin ’s carbon emissions dipped by 25% in one year. The asset released 1.423 tons of emissions back in 2021. This dropped to 1,063 tons in 2022. Source Additionally, Polygon [MATIC] and Bitcoin Cash [BCH] were right behind Bitcoin in terms of high carbon emissions. While BTC uses 1,183.58 kWh per transaction, Polygon and Bitcoin Cash use 90.18 kWh and 18.96 kWh respectively. Dogecoin , on the other hand, employs only 0.12 kWh. Ethereum [ETH], followin...

The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins. The cryptocurrency Markets are trading at record low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the Cryptocurrencies that could lead the next bull run. Cumberland senior research analyst Steven Goulden said in a “Year in Review” report that he expects four “emerging narratives” to lead the crypto space over the next six to 24 months. Goulden anticipates growth in nonfungible tokens, Web3 apps and games. He expects export-oriented nations to add Bitcoin (BTC) and Ether (ETH) as reserve assets and if that happens, it could be a huge positive. Daily cryptocurrency market performance. Source: Coin360 Jared Gross, head of institutional portfolio strategy at JPMorgan Asset Management, holds a different view. While speaking to Bloomberg, Gross said that the bear market had broken the notion tha...