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Originally started as joke poking fun at exuberance in the crypto market, Dogecoin surged some 10% by Friday afternoon in the wake of Musk's early morning tweet. Dogecoin news today He also could have said “additional buzz.” Following Tuesday’s spike, dogecoin had seen year-to-date gains of more than 11,000 percent. Put another way by Yahoo Finance’s Zack Guzman, anyone who bought $1,000 in dogecoin at the beginning of the year would have more than $100,000 worth of it on Tuesday:
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Earlier, after it was widely reported that ED has served a show cause notice to WazirX and its directors over cryptocurrency transactions worth Rs. 2,790.74 crore, India's largest cryptocurrency Exchange refuted any such notice. " WazirX is yet to receive any show cause notice from the Enforcement Directorate as mentioned in today's media reports. WazirX is in compliance with all applicable laws. We go beyond our legal obligations by following Know Your Customer (KYC) and should we receive a formal communication or notice from the ED, we'll fully cooperate in the investigation. Please note: Your funds are absolutely safe on WazirX ," tweeted the crypto exchange Refinitiv Products Investors accused Musk, the world's second-richest person according to Forbes, of deliberately driving up Dogecoin's price more than 36,000% over two years and then letting it crash.
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Dogecoin predictions are difficult to make, and the world’s most popular meme coin has fallen substantially over the past year. DOGE tends to spike whenever bullish announcements are made, such as big brands accepting the altcoin as a payment method. Dogecoin ‘is pure speculation and will end badly’ says Yusko In this week’s Crypto Ecosystem Update, we provide a different perspective on the Bitcoin price, both short and long-term. There is also a detailed analysis of Bitcoin dominance, as well as some critical crypto industry updates.
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© 2023 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved. CNN Sans ™ & © 2016 Cable News Network. Comprehensive DeFi Suite of Tools In our last Crypto Ecosystem Update, we predicted that Dogecoin could rally to $0.15 if it could turn $0.09 to support in the coming weeks. However, things have escalated quickly following Elon Musk’s eccentric entrance to the Twitter headquarters, which saw the original meme cryptocurrency erupt to $0.15 just 48 hours following our analysis.