Dogecoin (DOGE) At Brink Of Breaking 3 Months Record

Dogecoin News: Top memecoin Dogecoin is at the brink of breaching the 1 cent mark for the first time in three months. After falling from a peak of 14 cents due to the FTX related contagion in November 2022, DOGE failed to touch the mark. The psychological barrier of 1 cent is important in the current scenario, as regulators become increasingly skeptical of the crypto mark after the FTX collapse. It is also encouraging given that memecoins are currently leading the price rally in the market, as Bitcoin (BTC) goes through correction in gains.

Also Read: Dogecoin News: DOGE To Get Forked By This Ethereum Competitor?


As of writing, Dogecoin (DOGE) price stands at $0.09842, up 6.22% in the last 24 hours, according to CoinGape price tracker. The DOGE community is increasingly becoming bullish as the memecoin came as far as 0.099. Meanwhile, the price of Shiba Inu (SHIB), DOGE’s rival, skyrocketed on Saturday. This could be in anticipation of the upcoming Shibarium upgrade launch. As of writing, SHIB price stands at $1.54, up by a staggering 23% in the last 24 hours.

The Elon Musk Factor


An underlying trend among the memecoin traders is Elon Musk’s recent announcement in his plan to revolutionize the Twitter payments space. The DOGE community had long been optimistic of crypto based payments on the social media platform. On Friday, Musk tweeted saying Twitter was initiating a new ad revenue model that would benefit creators who already subscribed to the Twitter Blue Verified program. However, it is still uncertain how long would Twitter take to introduce crypto payments, considering the current regulatory landscape.

Also Read: Shiba Inu Metaverse Coin: What’s Driving Massive Price Surge

Trending Stories

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

You May Also Like