Category: Doge

Elon Musk Plans To Become The World’s First Dogecoin Trillionaire

Elon Musk Plans To Become The World’s First Dogecoin Trillionaire

Tesla CEO Elon Musk says that he will become the world’s first Dogecoin trillionaire.According to a recent prediction by a Morgan Stanley analyst, the SpaceX founder is on his way to becoming the world’s first trillionaire with his relentless amassing of wealth.
A Twitter account called UberFacts tweeted this prediction. Amusingly, the Tesla CEO replied to the tweet, stating that he would be a Dogecoin trillionaire. With that reply, he sent the Dogecoin price soaring again.
Related Reading | Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price
As of today, Musk is already the wealthiest man in the world, ahead of Amazon founder Jeff Bezos, who is in second place. According to the Bloomberg Billionaires Index, he has an estimated net worth of $252 billion. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.
In July, the tech entrepreneur revealed that he owns Bitcoin, Dogecoin, and Ether.
Elon Musk and Dogecoin
Musk’s net worth has skyrocketed because of Tesla, whose stock price has kept increasing over the months. On Friday, the company’s shares rose to a new high above $900/share. With his current net worth, he is worth more than the entire Gross Domestic Product (GDP) of New Zealand.
On Friday, Twitter account @UberFacts reported the prediction from Morgan Stanley.

Elon Musk is predicted to become the world’s first trillionaire, thanks to SpaceX
— UberFacts (@UberFacts) October 22, 2021

Elon then replied directly to the tweet agreeing that he would be a trillionaire, but in Dogecoin.

*In Dogecoin
— Elon Musk (@elonmusk) October 22, 2021

In typical fashion, Musk’s mention of Dogecoin in the tweet resulted in the coin’s price rallying by almost 6% in just an hour. At the time of writing, Dogecoin is trading at $0.247.

Musk’s tweet pushes Doge to $0.247 | Source: DOGEUSD on TradingView.com
In July, Musk revealed that he owns Bitcoin, Ethereum, and Dogecoin. However, he has always posted memes about Dogecoin in particular and is constantly weighing in on the meme coin.
In May, the SpaceX founder announced that in 2022, SpaceX will launch a moon mission funded by Dogecoin. He said this is the first time that cryptocurrency will be used in space, and that it will also be the first meme used in space.

SpaceX launching satellite Doge-1 to the moon next year
– Mission paid for in Doge– 1st crypto in space– 1st meme in space
To the mooooonnn!!https://t.co/xXfjGZVeUW
— Elon Musk (@elonmusk) May 9, 2021

SpaceX Founder’s Net Worth Prediction
According to the Guardian, analysts at investment bank Morgan Stanley have predicted that Elon Musk will become the first trillionaire in the world.
Forbes says that the tech entrepreneur is working to revolutionize transportation both on Earth, through electric car maker Tesla, and in space, via rocket producer SpaceX.
A Morgan Stanley analyst says that he could make much more money from his space exploration business SpaceX than he has made from Tesla.
Related Reading | Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon
The analyst Adam Jonas said that SpaceX was “challenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles and supporting infrastructure”.
He added: “More than one client has told us if Elon Musk were to become the first trillionaire … it won’t be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world – in any industry.”
Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk
Jonas estimates that the privately-held SpaceX, valued at $100bn this month, could be worth $200bn and even more. It is presently the world’s second-biggest privately held company, after the internet firm ByteDance. The SpaceX founder owns roughly 48% of the company.
It remains to be seen if these predictions about the Tesla CEO will come to pass.
Featured image by The World Financial Review, Chart From TradingView.com

Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers

Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers

On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during the event.
Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups
Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1 million customers. Speaking at CNBC’s Disruptor 50 Summit Tenev explained how popular cryptocurrencies are on the financial services application. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said at the event. The CEO added:
“We rolled out our wallet’s waitlist. A lot of people have been asking for the ability to send and receive cryptocurrencies, transfer them to hardware wallets, transfer them onto the platform to consolidate and the crypto wallets waitlist is well over a million people now.”

Robinhood CEO: ‘Crypto Is Certainly Here to Stay as an Asset Class’
In September, Bitcoin.com News reported on Robinhood adding a recurring crypto buy feature and after the company added the service to the app, Robinhood said it was testing new crypto wallet and transfer features. In addition, two months prior, an in-depth report said that Robinhood was likely the owner of the largest dogecoin (DOGE) address. However, in the spring, Tenev had dismissed the dogecoin address speculation.
When discussing the new crypto wallet rollout this past week, Tenev remarked that there are benefits to digital currency wallets. “You can have a wallet, you can send people cryptocurrencies from that wallet to their wallet,” Tenev said. “There’s certain advantages that are in the technology that make it kind of global and accessible by default and that makes it very interesting.”
The Robinhood founder also noted that he thinks cryptocurrencies and the crypto economy have made their mark and it will likely remain that way. “Crypto is certainly here to stay as an asset class and the ease of use and the global nature of it, I think, has made it attractive to lots of people,” Tenev concluded.
What do you think about Robinhood’s CEO saying that a million customers are waiting to leverage its crypto wallet? Let us know what you think about this subject in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Dogecoin Adoption in the US Supercedes Bitcoin and Ethereum, According to New Crypto Survey

Dogecoin Adoption in the US Supercedes Bitcoin and Ethereum, According to New Crypto Survey

The adoption rate of Dogecoin (DOGE) in the US is nearly double that of the rest of the world, according to a new survey from the Australian publication Finder.
The survey polled 41,645 individuals in 22 countries and found that nearly a third of all cryptocurrency holders in the US own Dogecoin.
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As DOGE, SHIB Markets Fall Back, Baby Doge Coin and Dogelon Mars Prices Skyrocket

As DOGE, SHIB Markets Fall Back, Baby Doge Coin and Dogelon Mars Prices Skyrocket

Following shiba inu’s 260% gains during the last 30 days, the third-largest meme-based crypto asset in terms of market capitalization, baby doge coin (BABYDOGE), has taken the lead in terms of market performance. Another meme asset, dogelon mars (ELON) has soared 286% this past week. Moreover, during the last seven days, baby doge coin’s price spiked 40% in value and over 3.4% in the last 24 hours.
This Past Week Dogelon Mars and Baby Doge Coin Soared in Value
While bitcoin (BTC) has spiked over the $60K zone and currently rests above $62K per unit, a number of other crypto-assets have followed the leading digital currency’s rise. The original and popular meme-based crypto-asset dogecoin (DOGE) has increased in value 6.4% during the last week, but two other meme cryptos have skyrocketed in recent times.
Coingecko’s Top Meme Crypto Assets in terms of market capitalization on Tuesday, October 19, 2021.
As far as the top meme-based crypto assets, in terms of market capitalization, two unique tokens have seen massive gains. The spikes in value follow the second-largest meme-based crypto shiba inu’s (SHIB) significant rise a week and a half ago.
The first-largest mover as far as meme currencies are concerned is dogelon mars (ELON), which has increased by 73.6% in the last 24 hours. Weekly stats show ELON is up a whopping 314.8% in value and the crypto asset trades for way less than a U.S. penny at $0.000000619134 per unit.
Dogelon mars (ELON) vs. tether (USDT) on October 19, 2021.
While dogelon has made it to the third-largest market cap in terms of meme-based crypto assets, ELON’s cap is only $332 million. That’s a far cry from SHIB’s $14 billion market valuation and DOGE’s $32.5 billion.

Baby Doge Moves Up the Ladder to the 4th Largest Meme Currency Market Cap
On August 28, 2021, coingecko’s “Top Meme Tokens” by market cap indicated that dogelon mars held the eighth largest market position. Today, dogelon mars is holding the third spot, but by only $12 million, as the crypto asset baby doge coin (BABYDOGE) has captured the fourth position with $310 million.
Baby doge coin (BABYDOGE) vs. tether (USDT) on October 19, 2021.
BABYDOGE is up 40% this past week and over 3.4% during the last day. Just like ELON, the crypto asset baby doge coin is also trading for less than a U.S. penny. At the time of writing, BABYDOGE is swapping for $0.000000001700 per coin and during the last day, it saw $9,062,901 in 24-hour trade volume.
Meanwhile, SHIB has dropped 6.8% this past week and DOGE is down 3.0% over the last 24 hours. As far as market performance is concerned, dogelon mars and baby doge coin are outshining their predecessors.
What do you think about dogelon mars and baby doge coin spiking in value during the last week? Let us know your thoughts about this subject in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Dogecoin Primed for a 500–1,000% Multi-Month Rally if It Hits This Level, Says Crypto Analyst Justin Bennett

Dogecoin Primed for a 500–1,000% Multi-Month Rally if It Hits This Level, Says Crypto Analyst Justin Bennett

Crypto market analyst Justin Bennett thinks Dogecoin (DOGE) is primed for a massive rally if it successfully recovers a key level and retests it as support.
The analyst tells his 78,000 Twitter followers that he thinks meme crypto asset Dogecoin could begin a 500-1000% multi-month surge if it can reclaim the $0.24 level.
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Elon Musk Gives a ‘Thumbs Up’ to New Dogecoin Update

Elon Musk Gives a ‘Thumbs Up’ to New Dogecoin Update

Billionaire and business tycoon Elon Musk is showing his approval of Dogecoin’s (DOGE) latest network upgrade.
Dogecoin co-creator recently Billy Markus took to Twitter urging miners to download the meme coin’s latest upgrade, which enables them to run more efficient nodes on the network that validate transactions and lower fees.
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Dogecoin loses 70% against Bitcoin during 6 months of celebrity DOGE endorsements

Dogecoin loses 70% against Bitcoin during 6 months of celebrity DOGE endorsements

Dogecoin (DOGE) may have landed major proponent Mark Cuban in hot water as it hits its lowest against Bitcoin (BTC) in over half a year.DOGE/BTC 1-week candle chart (Bittrex). Source: TradingView”Now price it in bananas”Data from Cointelegraph Markets Pro and TradingView showed DOGE/BTC trailing at 412 satoshis (0.00000412 BTC) on Oct. 14 — down from highs of 1,284 satoshis (0.00001284 BTC) in April.As Bitcoin outpaces altcoins en masse this month, the pain has been especially intense for Dogecoin investors after months of public campaigning by both Cuban and others, including the world’s richest man, Elon Musk.Nothing has been able to reverse the meme-based cryptocurrency’s fortunes, however, and now, frustrated commentators are even demanding an explanation.Cuban was in line for retribution this week, with podcast host Preston Pysh suggesting that his touting of Dogecoin on U.S. national television at the highs had been — to say the least — misguided.Cuban Coin, measured in BTC…since promoting it to the world on Ellen. @mcuban pic.twitter.com/8LQAECwsmk— Preston Pysh (@PrestonPysh) October 13, 2021Fellow pundit Peter McCormack joined calls for Cuban to comment on the situation against the latter’s backdrop of criticism of Bitcoin.Twitter users further evoked Cuban’s claim that he would rather own bananas than BTC, poking fun at Dogecoin’s declining purchasing power when measured in the fruit.In August, Cuban stated that he owned less than $500 of DOGE.Has the DOGE had its day?Musk, meanwhile, has moved on to incorporate Dogecoin spin-off cryptocurrencies in his publicity efforts, these likewise seeing huge gains on the back of even the most innocuous comments.Related: Elon Musk’s Tesla is already $1 billion in profit from holding BitcoinOne such coin, Shiba Inu (SHIB), has since seen substantial selling from large-volume investors known as whales.The Tesla CEO did not escape the wrath of Bitcoiners earlier this year, however, with his Dogecoin activities being met with claims of investor manipulation.As Cointelegraph reported, altcoins are tipped for a renaissance once Bitcoin hits its cycle top, this currently slated for the beginning of 2022.

Shiba Inu rebounds 40% despite major selling by SHIB whales

Shiba Inu rebounds 40% despite major selling by SHIB whales

Shiba Inu (SHIB) kickstarted its new weekly session in the green as it continued its bullish retracement move from last week’s low of $0.00002058.SHIB’s price logged an intraday high of $0.00002907 on Oct. 11, netting over 40% returns from its ongoing rebound trend. In doing so, the Dogecoin-inspired meme cryptocurrency eyed an extended runup toward its technical resistance level near $0.00002978, as shown in the chart below.SHIB/USDT 4H price chart. Source: TradingViewExtended rally ahead?The Shiba Inu chart also showed traders’ intention to accumulate SHIB tokens when its price tests the 20-4H exponential moving average (20-4H EMA; the green wave) as support. For instance, the cryptocurrency crashed by over 40% on Thursday as Shiba Inu’s addresses worth 1 million–10 million SHIB dumped over 31 billion tokens, the largest in six months, as per Santiment data. However, the price recovered as traders started accumulating SHIB tokens near the 20-4H EMA.Additionally, Shiba Inu’s ongoing retracement took cues from a potential correlation between the 1million–10 million SHIB address dump and its price. Santiment noted that Shiba Inu’s price rebounds every time after SHIB millionaires dump their holdings, as shown in the chart below.Shiba Inu supply distribution. Source: SantimentThat shows micro traders’ intention to absorb massive selloffs. Retail sentiment moonsThe bullish retracement in the SHIB market coincided with a rising number of internet queries for the keyword “Shiba Inu,” as per Google Trends. Web data shows a rise in the Shiba Inu trend in the United States on a 12-month interest timeframe, signaling booming retail interest. At 92, the trend is closer to the peak popularity score of 100, last seen in the second week of May. It indicates that more internet users are looking for information on Shiba Inu. Google searches for “Shiba Inu.” Source: Google TrendsNevertheless, the internet queries for the keyword “how to buy Shiba Inu” came out to be only 18 in the same period. Nonetheless, compared to the previous week, the interest shot up by 260%.Tale of two indicatorsOn a technical front, SHIB’s latest rebound move appears to have invalidated a bearish setup that Cointelegraph discussed in one of its previous coverages.Related: Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 daysSpecifically, SHIB’s price broke bullish out of an otherwise bearish descending triangle pattern as it closed above the structure’s upper trendline with a rise in trading volume. While the breakout still awaits confirmation, it has boosted the prospects of bullish continuation.The reason for an extended upside is a makeshift bull pennant, which typically sends the price higher by as much as the height of the previous upside move. In other words, SHIB’s breakout above its bull pennant pattern could send its price to $0.00004713.SHIB/USDT 4-hour price chart featuring bull pennant setup. Source: TradingViewMeanwhile, should the price slip back inside the pennant range, it would risk reactivating the descending triangle setup. In doing so, SHIB may eye a correction toward $0.00002195, followed by a negative breakout move toward $0.00001000.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

‘Big Short’ Investor Michael Burry Criticizes Shiba Inu Crypto After SHIB Soars 230% — Says It’s ‘Pointless’

‘Big Short’ Investor Michael Burry Criticizes Shiba Inu Crypto After SHIB Soars 230% — Says It’s ‘Pointless’

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, thinks the dogecoin rival shiba inu token (SHIB) is “pointless,” criticizing its supply. The cryptocurrency skyrocketed 230% over the past week.
Michael Burry Shares His View on Shiba Inu Token
Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, commented on the shiba inu token (SHIB) Saturday after the dogecoin rival cryptocurrency surged 230% over the past week.
Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale.
The Big Short investor shared Coinbase’s description of the shiba inu token on Twitter Saturday, which states: “Shiba inu (SHIB) is a token that aspires to be an Ethereum-based alternative to dogecoin (DOGE), the popular meme coin. Unlike bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion.”
Commenting on this description, Burry wrote:
Just saying, one quadrillion seconds is about 32 million years. One quadrillion days is 2.7 trillion years, or all of time, from the beginning of the universe, multiplied by 71,000. In other words, pointless.
However, several people quickly pointed out to Burry on Twitter that the circulating supply of SHIB is no longer one quadrillion. Coinbase’s market data shows that the circulating supply of the shiba inu token is currently 394.8 trillion coins.
The Shiba Token website explains: “Starting with a supply of 1 quadrillion, our founder, Ryoshi, locked 50% in Uniswap, then ‘burned‘ the other half to Ethereum co-founder Vitalik Buterin for safekeeping.” The Shiba inu token made its way into the limelight when Buterin donated $1 billion worth of SHIB to India’s crypto covid relief fund.

The price chart for shiba inu token on Coinbase. Source: Coinbase.
At the time of writing, SHIB is up 235% over the past week and 6.76% over the past 24 hours, according to Coinbase’s data. The cryptocurrency is trading at $0.00002649 and its market cap is $10.3 billion.
Coinbase Pro announced the listing of shiba inu crypto in June. In September, the Nasdaq-listed crypto exchange announced that SHIB was available on Coinbase.com and in the Coinbase Android and iOS apps.
Burry has been warning about investing in cryptocurrencies. In June, he predicted the “mother of all crashes,” noting that “The problem with crypto, as in most things, is the leverage.”
The Big Short investor also cautioned that governments could squash competitors in the currency arena, including bitcoin. However, he clarified, “I don’t hate BTC,” emphasizing that he is “not short BTC” because “In the short run anything is possible.”
What do you think about Michael Burry’s comments? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The run-up in the price of Shiba Inu (SHIB) so far in October pushed the SHIB token to become the 20th largest digital asset by market capitalization.Shiba Inu’s circulating market valuation jumped to $11.08 billion earlier this week and is currently above $10 billion, putting it in the top-20 by market cap for the first time. As a result, the Dogecoin-inspired meme cryptocurrency became more valuable than popular blockchain projects like Stellar (XLM), Polygon (MATIC), and Tron (TRX).SHIB market cap versus price. Source: MessariThe growth in Shiba Inu’s valuation came on the heels of a tweet published by Elon Musk. On Oct 4, the Tesla CEO posted the picture of his pet dog—a Shiba Inu breed—with the caption “Floki Frunkpuppy.” SHIB jumped by more than 40% an hour after the tweet.Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf— Elon Musk (@elonmusk) October 4, 2021Crypto speculators tend to read too much into Musk’s tweets. For example, the billionaire entrepreneur was instrumental in pushing Dogecoin (DOGE) price higher earlier in 2021 via Twitter.SHIB price surged by almost 400% a week after opening the fourth quarter of 2021 at $0.00000725. In doing so, the token retested its five-month high of $0.00003528 on Oct 7.Nevertheless, SHIB underwent a 40%-plus price correction on the same date as some traders decided to unwind their spot positions for interim profits. As a result, Shiba Inu’s market cap fell in tandem, going to as low as $8.06 billion on Friday.SHIB/USDT daily price chart. Source: TradingView.comThe sell-off across Shiba Inu markets (against the dollar and Bitcoin) prompted buy-the-dip sentiment. A rebound rally ensued, which pushed the SHIB price up by more than 45%. At its highest on Saturday, the token was changing hands for $0.00003020, with its market cap around $10.73 billion.What is next for SHIB?Shiba Inu price dropped on Oct. 9 by more than 5% to reach a fresh intraday low of  $0.00002575. In doing so, the cryptocurrency hinted at forming a potential descending triangle pattern, suggesting additional losses ahead.Related: ‘Much ow’ ahead? Dogecoin chart fractal puts Shiba Inu’s 390% QTD rally in dangerIn detail, Descending Triangles are typically bearish patterns that form when the price trends lower while fluctuating between an area defined by two converging trendlines: one falling and the other, horizontal, such as the ones SHIB has formed in the chart below.SHIB/USDT four-hour price chart featuring descending triangle setup. Source: TradingView.comThe formation of lower highs atop a standstill support line indicates weakening buying sentiment among traders. As a result, the price ultimately tends to break below the horizontal trendline. In doing so, its target shifts to a level at a length equal to the maximum Triangle height. In other words, SHIB price may go under $0.00001000 in the coming sessions if the abovementioned support level fails to hold.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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