Elon Musk helped shiba inu vault up the ranks of the largest cryptocurrencies by market value. Now the meme token is down after he said he doesn’t own any.
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“Fomo” remains alive and well in the cryptocurrency world, with lesser-known tokens outperforming again in the wake of recent rallies staged by industry leaders bitcoin and ether.
It was only a few weeks ago that some strategists were eyeing a possible drop to $20 000 for bitcoin, months after it had hit an all-time high near $65 000 in April. Now it’s back above $50 000. What happened?
The total market value of cryptocurrencies has risen above $2-trillion again as bitcoin continued to climb and the likes of cardano, XRP and dogecoin advanced as well.
Bitcoin slipped 4% on Friday after Tesla CEO Elon Musk was at it again — this time firing off a few tweets that appeared to lament a breakup with the cryptocurrency.
Dogecoin may not be the funniest joke of all time, but it’s probably the one with the largest market valuation.
Elon Musk is again tweeting about technology and cryptocurrencies, and this time he’s clear on where his support is at.
Bitcoin was pinned near its lowest in more than two months on Friday, while dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk sent the two cryptocurrencies on a wild ride.
Parabolic jumps in digital tokens such as ether, dogecoin and binance coin are outshining bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning.
SpaceX will launch the “Doge-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.