Dogecoin

Shiba Inu

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 Elon Musk, Tesla CEO and noted Dogecoin enthusiast, sparked fresh excitement among Dogecoin fans by<a style="color: #0000ff;" href="https://x.com/elonmusk/status/1850718973564006767?t=wStPnTNTy1IeVI5tcVf64w&amp;s=19" rel="noopener noreferrer nofollow"> sharing a playful meme on his X account</a>. 
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The post features Musk and a Shiba Inu dog—Dogecoin’s iconic symbol—in a powerlifter pose, blending Musk’s characteristic humour with his support for the meme coin.
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 <a href="https://t.co/y0UCd5NvMj" rel="noopener noreferrer nofollow">pic.twitter.com/y0UCd5NvMj</a>
 — Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1850718973564006767?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2024</a>
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The post quickly drew cheers from the “DOGE army,” though some Bitcoin loyalists seized the moment to promote BTC as a more serious investment.
Crypto analyst<a style="color: #0000ff;" href="https://x.com/Nebraskangooner/status/1850720250754396478?t=Fk37Zt6YpEAxtcfHHZCYRw&amp;s=19" rel="noopener noreferrer nofollow"> @Nebraskangooner</a> commented on the lack of an immediate rally following Musk’s post, noting a slight dip in Dogecoin’s price, trading around $0.14236—a drop of about 2%. While Dogecoin enthusiasts voiced strong support for Musk, others like X user<a style="color: #0000ff;" href="https://x.com/HTX_Global/status/1850726004161155206?t=zKjpQ8CTVUYDZWq3SDpv6w&amp;s=19" rel="noopener noreferrer nofollow"> @TheBTCTherapist</a> reiterated their preference for Bitcoin, posting “Bitcoin &gt; Doge” to their 140,000 followers.
Dogecoin’s market value has significantly increased over the past twenty-four hours. The memecoin rose by more than 6.02% during this time and is now priced above $0.10, according to<a style="color: #0000ff;" href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow"> data from CoinMarketCap</a>. This price growth, quite interestingly, comes on the back of a poor market performance in the last seven days.
Meanwhile, this isn’t Musk’s only recent interaction with the crypto world. During an event last week, Musk was asked about the potential for XRP Ledger adoption among financial institutions amidst SEC scrutiny. Musk, while not endorsing any specific asset, stated that cryptocurrency could serve as a “valuable bulwark against centralized control.” Ripple CEO Brad Garlinghouse later<a style="color: #0000ff;" href="https://x.com/bgarlinghouse/status/1848436305081880613?t=0w1PAn1820B8WH18pxzMUQ&amp;s=19" rel="noopener noreferrer nofollow"> acknowledged</a> the question, noting the growing public interest in XRP.
In other news, BabyDogeCoin, a cryptocurrency project related to the memecoin, recently<a style="color: #0000ff;" href="https://defi-planet.com/2024/08/babydogecoin-ventures-into-media-with-launch-of-babydogekids-youtube-channel/" rel="noopener noreferrer nofollow"> announced</a> its move to expand into children’s media with the launch of BabyDogeKids, a YouTube channel. The project’s team noted that the YouTube channel is the “first major step” to realizing their mission of ensuring BabyDoge’s relevance in the years to come.
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The post <a href="https://defi-planet.com/2024/10/elon-musks-latest-dogecoin-meme-stirs-mixed-reactions/" rel="noopener noreferrer nofollow">Elon Musk’s Latest Dogecoin Meme Stirs Mixed Reactions</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Elon Musk’s Latest Dogecoin Meme Stirs Mixed Reactions

DeFi Planet

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