Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
Crypto News

Elon Musk’s Twitter followers incline towards Dogecoin speculate bull run

Staff ReporterBy Staff ReporterUpdated:February 10, 2021 on February 10, 2021
dogecoin
Illustration credit: Morning Tick
Share
Reddit Facebook Twitter LinkedIn Pinterest WhatsApp Email

Dogecoin [DOGE] seems to be traversing from being Tesla CEO Elon Musk’s favourite coin to most bullish cryptocurrency. The altcoin that started as a joke seems to have garnered immense traction over the last month. Despite all the adoption and attention the asset came across, it remained below $1.

During the time of writing, DOGE was seen surging once again. The asset was priced at $0.049, with a 10% rise in the last 24-hours. Over this week, DOGE made multiple attempts to get close to its all-time high of $0.077 that it achieved eight days ago. The asset, however, came to a high of $0.05787 and staggered. The asset’s market cap was at $6.3 billion, which had again shaken in the last couple of days. Yet, the altcoin managed to rise to the twelfth position while the crypto industry’s overall market cap hit an all-time high of $1.20 trillion.

Bulls began hibernating in the DOGE market

dogecoin
Source – TradingView

The DOGE/USD trading pair on Binance revealed extreme bullish sentiment. The volume on the one-day price chart of DOGE was relatively low compared to the month’s beginning. The Bollinger Bands indicator was wide open, suggesting that the asset was in for an expansion in its volatility. The Awesome Oscillator affirmed that this change was for the best. The indicator formed green closing bars and announced the presence of bulls in the DOGE market.

The Relative Strength Index [RSI] indicator exposed that the meme coin had been overbought throughout February. However, after a slight blip, the RSI marker was heading back into to overbought zone.

Elon Musk’s continued support for DOGE

Elon Musk has time and again revealed his support for DOGE. Musk took a break from Twitter for about 48 hours and returned to the social media platform to exhibit his support for the altcoin. In his latest tweet, the SpaceX CEO decided to ask his followers their take on DOGE and the other coins in the crypto market.

The future currency of Earth

— Elon Musk (@elonmusk) February 6, 2021

At press time, about 70.8% of his followers voted for “Dogecoin to the Moooonn” while only 29.2% voted for the latter. This revealed that Musk’s followers were in sync with the billionaire as most of them were inclined towards DOGE.

Crypto News Dogecoin Elon Musk
Disclaimer
Read More Read Less
The information provided on this website shouldn’t be considered as investment, tax, legal, or trading advice. Morning Tick is not an investment advisory platform, nor do we intend to be. The publication, its’s management team, or authored-by-line doesn’t seem liable for your personal financial losses, which may be due to your panic decisions based on the content we published. We strongly recommend considering our stories as just a piece of information, unlike advice, recommendations, or requests. Some of the contents may get outdated, updated, or inaccurate despite our profound editorial policies. We urge readers to do their due diligence before making any investments decision with ongoing IDOs, ICOs, IEOs, or any other kind of financial offerings. Few outbound links may be commissioned or affiliated, which helps us grow financially and maintain healthy editorial norms. For more information, visit disclaimer page.
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
Previous ArticleEthereum targets $2000 as bulls provide fuel for its upward journey
Next Article Bitcoin [BTC] exhibits extreme bullish sentiment, Will it move past $41K?
Staff Reporter
  • Facebook
  • Twitter
  • Tumblr

Staff reporter brings the latest financial technology, cybersecurity news and tech updates.

Recommended Posts

VNX launches as the first European regulated precious metals tokenization platform

2 months ago

Matrix adds Block trading capabilities four more virtual currencies to its platform

4 months ago

OVR Global launches Map2Earn to crowdsource the largest high-precision 3D map of the world

4 months ago

Spielworks multichain treasure hunt NFT game brings users valuable rewards

4 months ago
Add A Comment

Comments are closed.

Latest

Ankr partners with Pocket Network to Propel Web3 into a new era of truly decentralized infrastructure

29 mins ago

Tezos Gitcoin Hackathon offers $50k in tez to help onboard art institutions to Web3

1 day ago

Brickken introduces tokenizing company stock

1 day ago

t3rn launches smart contract hub testnet on Rococo in final step before mainnet

2 days ago

DeFiChain forms technical committee to further decentralize the consensus code governance

3 days ago
Morning Tick
Facebook Twitter Instagram Pinterest RSS
  • About Us
  • Press Toolkit
  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Sitemap
© 2022 Morning Tick. Disclaimer: The information provided on this website shouldn't be considered as investment, tax, legal, or trading advice.

Type above and press Enter to search. Press Esc to cancel.