| 
| Dogelon Mars 
| #ELON
|
| ELON Price: | $0.000000254 | | Volume: | $2.8 M | | All Time High: | $0.00000262 | | Market Cap: | $0.1 B |
|
| Circulating Supply: | 548,651,186,903,696 |
| Exchanges: | 21
| | Total Supply: | 1,000,000,000,000,000 |
| Markets: | 21
| | Max Supply: | — |
| Pairs: | 20
|
|
The price of #ELON today is $0.000000254 USD.
The lowest ELON price for this period was $0, the highest was $0.000000254, and the exact current price of one ELON crypto coin is $0.00000025441.
The all-time high ELON coin price was $0.00000262.
Use our custom price calculator to see the hypothetical price of ELON with market cap of BTC and how the supply of ELON affects the price at different market capitalizations. |
The code for Dogelon Mars is #ELON.
Dogelon Mars is 1.4 years old. |
The current market capitalization for Dogelon Mars is $139,582,574.
Dogelon Mars is ranked #178, by market cap (and other factors). |
There is a big volume of trading today on #ELON.
Today's 24-hour trading volume across all exchanges for Dogelon Mars is $2,759,614. |
The circulating supply of ELON is 548,651,186,903,696 coins, which is 55% of the total coin supply.
Relatively, Dogelon Mars has a large supply of coins, 24,938,690 times larger than Bitcoin's supply, for example. |
| Note that there are multiple coins that share the code #ELON, and you can view them on our ELON disambiguation page. |
 | Dogecoin On Fire, Rallies After Elon Musk-Twitter Deal Confirmation
Dogecoin has been rallying over today’s trading session, following the general sentiment in the market and receiving support from its biggest advocate Elon Musk. The entrepreneur and CEO of Tesla and SpaceX confirmed a deal to purchase social media Twitter (TWTR)
Elon Musk was about to enter into a legal battle with social media; the entrepreneur announced a deal to purchase the company early in 2022 but refused to see it through due to some alleged false data on Twitter’s number of users.
According to several reports, Elon Musk sent a letter to Twitter confirming the original offers of $44 billion or $55 per share to take over the company. As seen in the chart below, the Elon Musk-Twitter controversy has been a major driver in TWTR’s price action.
The stock’s trading has been halted during today’s trading session, after a roller-coaster year that took TWTR from a high of around $55 to a low of $35.
Source: Reuters
Elon Musk To Buy Twitter, Why This Could Be Good For Dogecoin
The news about the Musk-Twitter deal came at a seemingly right time for Dogecoin, the cryptocurrency was already moving to the upside with Bitcoin and large cryptocurrencies. However, the latter has been losing steam and could be gearing up for a re-test of previous support levels.
In the meantime, Dogecoin records an 8% profit over today’s trading session leading to a spike in volatility and an increase in its bullish momentum, as seen in the chart below. Dogecoin h...
|  | NYSE Halts Twitter Trading After Report Says Elon Musk Plans to Follow T...
According to reports, Tesla's Elon Musk now plans to purchase Twitter Inc. for the original asking price of $54.20 a share. Twitter's shares surged following the news and climbed nearly 20% higher and trading was halted twice so far. Report Claims Tesla's Elon Musk Will Purchase Twitter at the Original Asking Price
It seems Elon Musk is planning to follow through with his deal to acquire Twitter (NYSE: TWTR) after he wanted to drop the deal over a lack of information concerning automated accounts known as bots. The news follows the recent shareholders' vote that saw Musk overwhelmingly chosen by the majority of shareholders. Bloomberg was the first to report on the news on Tuesday, October 4, 2022, and after Bloomberg's report was published, Twitter shares surged causing NYSE's equity markets to halt trading.
At press time, Twitter shares are up 12.67% and the price is around $47.93 per TWTR share. The report stemming from Bloomberg, written by Jef Feely and Ed Hammond cites people with knowledge of the matter and it is said that Musk wrote a letter to Twitter. According to CNBC, the newsdesk 'independently confirmed Musk's renewed offer.' The latest deal also follows the commentary between the former Twitter CEO Jack Dorsey and the Tesla executive.
The texts between Dorsey and Musk explain why Dorsey decided to leave Twitter as he stressed that the social media platform should have never become a company. 'A new platform is needed. It can't be a company. This is why I left,'...
|  | DeSo is Elon Musk and Jack Dorsey's Answer for Decentralized Social Bloc...
[PRESS RELEASE Los Angeles, CA, 3rd October 2022]
Takeaways:
Jack Dorsey and Elon Musk's Messages call for a decentralized social media blockchain: DeSo could be the answer.
Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network
The DeSo Foundation just released its roadmap to decentralize social media
The DeSo Foundation announces the release of their ambitious roadmap to decentralize social media and build The Social Layer of Web3.
Milestones on the roadmap will be executed over the next 2 quarters to solve the major problem with social media today.
“Most people don’t realize that social media is more centralized than the financial system was when Bitcoin was invented. Only a handful of companies currently control what we see and do online. We can solve this problem by decentralizing social media and storing all content on a blockchain.” said Nader Al-Naji, the founder of DeSo.
The roadmap release comes as new messages emerge between Elon Musk and Jack Dorsey, showing his idea for a blockchain-based social media protocol that does payments and short text messages.
The two billionaire entrepreneurs discussed how Twitter would be better off as an open-source protocol funded by a foundation instead of a company. Dorsey expressed regret over making Twitter a company calling it an 'original sin.'
The foundation's role in an open-source blockchain-based social network would ...
|  | YouTube Channel of South Korean Government Hacked in an Elon Musk-Crypto...
Hackers have reportedly attacked several big-name South Korean YouTube channels in the past few months. After gaining access, most wrongdoers used the platform to upload cryptocurrency-related videos.
Among the victims was the official YouTube channel of the South Korean government. Earlier this month, a group of cybercriminals compromised it so they could promote a crypto scam featuring Elon Musk's image.
South Korean Users Should Stay Alerted
A recent coverage revealed that hackers had attacked the YouTube channels of the South Korean government, the National Museum of Modern and Contemporary Art, and the Korea Tourism Organization.
In the government's case, criminals changed the account's name to 'SpaceX Invest' to convince consumers that it was related to the American spacecraft manufacturer, spearheaded by Elon Musk.
To add to the confusion, the scammers posted videos of interviews where the world's richest talked about bitcoin and other digital currencies. However, the government was quick to react and identified the fraud a few hours later.
Individual YouTube channels were also compromised. After breaching the security of a popular one with over 560,000 subscribers, hackers started sharing videos of illegal software that investors could download and assumingly become rich.
Park Tae-hwan - team leader at AhnLab's security emergency response center - outlined that the real purpose of most attackers was to gain access to popular YouTube channels and promote fraudulent cry...
|  | Twitter's Shareholders Overwhelmingly Vote for Elon Musk to Take Over th...
Twitter's shareholders have overwhelmingly voted for Tesla CEO Elon Musk to take over the social media platform. 'Approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement,' the social media giant said.Shareholders Want Elon Musk to Take Over Twitter
Twitter Inc. (NYSE: TWTR) announced Tuesday that its stockholders have approved the previously announced $44 billion agreement for Tesla CEO Elon Musk to acquire the social media platform.
'Based on a preliminary tabulation of the stockholder vote,' the announcement reads:
Approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement.
'The shareholder approval satisfies the final condition precedent to the closing of the merger under the merger agreement (other than those conditions that by their nature are to be satisfied at closing),' Twitter explained, elaborating:
Twitter stands ready and willing to complete the merger with affiliates of Mr. Musk immediately, and in any event, no later than on September 15, 2022.
Musk offered to buy Twitter for about $44 billion in April. However, he subsequently accused the social media company of a 'material breach' of their agreement in June. The Twitter deal is 'temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,' Musk said at the time.
The Tesla CEO officially terminated his offer to buy Twitter in early July. ...
|  | Twitter Shareholders Approved Elon Musk's $44B Bid, Despite Lawsuit
Although Elon Musk seeks to scrap the deal to purchase Twitter and make it a private company, the social media giant's shareholders voted to approve the buyout offer for $44 billion.
The two sides are set to meet in a Delaware court next month to determine the firm's faith.
Citing a brief conference call among Twitter's shareholders, Bloomberg reported that they have voted in favor of accepting Elon Musk's buyout offer worth $44 billion.
Since the billionaire wants to back out of the deal, Twitter will now try to force him into acquiring the company in court.
Musk outlined plans to purchase the social media platform earlier this year and made an offer for $44 billion. However, he changed his mind a few months later, claiming that the company failed to provide him with accurate data about the number of fake accounts on the platform.
Twitter officials refuted his claims, asserting that the percentage of monetizable daily active users (those able to look at ads) is less than 5%. As such, the company decided to sue Musk for backing out of the deal and even blamed him for the poor Q2 results.
Interestingly, Twitter's net worth is around $32 billion, according to some estimations, a significantly lower number than Musk's offer.
The approval from Twitter's shareholders comes just a day after the company's former head of security - Peiter Zatko - testified before US Senate, alleging that the social media giant is 'a decade behind' certain security standards.
He has also previously s...
|  | Tesla CEO Elon Musk Warns a Major Fed Rate Hike Risks Deflation
Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk's warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that 'Leading inflation indicators like gold and copper are flagging the risk of deflation.'Elon Musk, Fed Rate Hikes, and Deflation
Tesla and Spacex CEO Elon Musk tweeted Friday evening that 'A major Fed rate hike risks deflation.' His tweet has attracted much attention. At the time of writing, it has been liked 80K times and retweeted almost 7K times.
Comments flooded in with some agreeing with the Tesla CEO while others insisted he was wrong about the U.S. economy. Real Vision CEO and crypto investor Raoul Pal agreed with Musk, tweeting: 'Yup. Pretty much baked in the cake.'
Northmantrader founder and lead market strategist Sven Henrich stressed that the danger is the Federal Reserve being 'obtuse to consequences.' He elaborated that the central bank was 'Too slow to react in the first place' and is 'now slamming the foot on the brakes,' emphasizing that the Fed is 'too reliant on backward-looking data risking breaking things quickly.'
Gold bug and bitcoin skeptic Peter Schiff offered a different view, replying to Musk:
It risks hyperinflation. Higher debt service costs, a severe recession, exploding Federal budget deficits, and collapsing asset prices will produce a worse financial crisis than 2008. The Fed will respond with massive QE, tanking the dollar and sending consumer pri...
|  | South Korean Government's Youtube Channel Hacked to Play Crypto Video Wi...
The official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul.Hackers Air Interview With Musk via Korean Government's Youtube Account
The official Youtube channel of the South Korean government has become target of a hacking attack on September 3, 2022. The perpetrators have managed to broadcast a crypto-themed video, the Korean Yonhap news agency revealed in a report based on statements by officials from the executive power in Seoul and Google.
In the early morning hours on Saturday, the channel on the video-sharing platform appeared to have been hacked as its name changed to 'Spacex Invest.' It also showed a live broadcast dedicated to cryptocurrency that included an interview with U.S. business magnate and Spacex founder and CEO Elon Musk.
A representative of the Republic of Korea's Ministry of Culture, Sports and Tourism, which is responsible for administering the Youtube account, said that the department's employees became aware of the situation around 6 a.m. They immediately took security measures and were able to restore control over the channel at 7:20 a.m.
The main suspicion is that the account's ID and password have been stolen. Google, Youtube's parent company, confirmed that the channel had been hacked, Yonhap added, while also quoting an official at Google Kor...
|  | SEC Probes Twitter Over Spam Accounts — Court Orders the Social Me...
Twitter Inc. has been ordered to provide additional data relating to spam and bot accounts to Elon Musk. The social media giant has sued the Tesla CEO for terminating his $44 billion offer to buy the social media platform. The U.S. Securities and Exchange Commission (SEC) has also questioned Twitter about the number of spam accounts.Court Orders Twitter to Give Additional Data to Elon Musk
Chancellor Kathaleen St. J. McCormick, a judge on the Delaware Court of Chancery, signed an order Thursday requiring Twitter Inc. (NYSE: TWTR) to provide additional data to Tesla and Spacex CEO Elon Musk. Plaintiff Twitter has sued defendants Musk and his two companies, X Holdings I and X Holdings II, for terminating the $44 billion deal to buy the social media platform. Musk has countersued Twitter.
Judge McCormick stated in her order:
Defendants' data requests are absolutely abroad.
She added: 'Read literally, Defendants' documents request would require Plaintiff to produce trillions upon trillions of data points reflecting all of the data Twitter might possibly store for each of the approximately 200 million accounts included in its mDAU count every day on every three years.'
The social media company defines monetizable daily active users (mDAU) as 'Twitter users who logged in and accessed Twitter on any given day through Twitter.com or Twitter applications that are able to show ads.'
The order further reads:
Plaintiff is ordered to produce a subset of what Defendants have requested: the...
|  | Dogecoin Ready For 4th Straight Week Of Gains – Even Without Elon ...
Dogecoin (DOGE) price had to go through the rabbit hole as it recovered from the blows of the crypto winter.
Dogecoin price refrains to subject to Elon Musk’s bidding
Price underrated yet pins a surprise twist at the end
DOGE nearing a breach before August ends; September hints at a pompous rally at 50%. It seems that Elon Musk has been mum about Dogecoin for several months now hinting that the tie-up has ended, and it’s time to call it a day and move on.
DOGE Price Moving Up - With Or Without Elon Musk
With or without Elon Musk, DOGE is moving on and going no other way but up. DOGE traders have stepped on the gas and gave a strong bullish stride to the crypto; signaling the price to go way up.
The huge inflation wave has doomed the crypto market for several months in connection to the war in Ukraine. On a positive note, the price seems to know how to dance with the wave as it dashes through its fourth straight week of gains.
Chart from TradingView.com
Dogecoin is observed to be propped up the 55-day SMA that is used as its anchor for two consecutive weeks. With throttles and pivots spotted in August, this clearly hints that a breach is nearby. The underpinned price action is present at $0.068, hinting that the price can go way up peaking at $0.10; with returns of 50%. RSI for DOGE shows that it’s far from reaching the overbought zone.
Some risks of a downtrend are looming as seen on the 55-day SMA as bears can try to pull the price down to the $0.04 leve...
|  | Twitter Sues Elon Musk for Pulling Out of $44 Billion Buyout Deal
Social media giant Twitter has filed a lawsuit against Tesla and SpaceX CEO Elon Musk, seeking to force the billionaire to close the acquisition deal as agreed by both parties.
According to court documents, the complaint filed in the Delaware Court of the Chancery on Tuesday (July 12, 2022) alleges that Musk violated the terms of a merger agreement signed by both Twitter and the Tesla CEO.
The complaint stated that Musk 'repeatedly disparaged Twitter and the deal' since signing the merger agreement.
Meanwhile, the latest development comes shortly after Musk terminated the deal to purchase the social media company for $44 billion, after an initial suspension. Part of the reason for the termination was that Twitter refused to provide information relating to spam bots.
However, the recent lawsuit stated that Musk's claims were a 'pretext' and without merit. An excerpt from the court document reads:
'Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.'
Back in April, Musk purchased a 9.2% stake in Twitter, followed by the billionaire's appointment to the company's board of directors. The appointment was, however, short-lived after Musk reversed his decision.
Instead, the Tesla CEO o...
|  | Twitter Sues Elon Musk to Enforce $44 Billion Buyout Deal — Insist...
Twitter Inc. has filed a lawsuit against Elon Musk to force the Tesla CEO to go through with the agreement to buy the social medial platform for $44 billion. Twitter alleges that Musk has breached the agreement repeatedly since he signed the deal with the company.Twitter v. Elon Musk: Lawsuit Battle Begins
Twitter Inc. (NYSE: TWTR) has filed a lawsuit against Tesla and Spacex CEO Elon Musk for backing out of the deal to buy the social media platform. The lawsuit, filed in the Delaware Court of Chancery, names Musk and his companies - X Holdings I and X Holdings II - as defendants.
Twitter alleges:
Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.
The lawsuit explains that after Musk signed the agreement with Twitter, the market fell and the value of his stake in Tesla, and therefore his personal wealth, dropped by more than $100 billion since its November 2021 peak.
The social media giant further claims that 'Since signing the merger agreement, Musk has repeatedly disparaged Twitter and the deal, creating business risk for Twitter and downward pressure on its share price,' stressing that the Tesla CEO's 'exit strategy is a model of hypocrisy' and 'a model of bad faith.'
Regarding Musk's claims that Twitter is in material breach of the agreement, as Bitcoin.com News previously reported, the social media company insisted that 'These claims are pretexts and lack any merit.' Twitter elaborated...
|  | Twitter Shares Now 36% Cheaper Compared to Elon Musk's Buyout Offe...
Twitter’s stock steeply fell in premarket trading on Monday after Elon Musk withdrew his offer to purchase the platform last week. Its shares trade for $34.31 at the time of writing, down 6.89% from Friday’s $36.85 closing price.
Twitter VS Elon Musk
The new price reflects a 36% discount from Elon Musk’s offer to purchase the company for $54.20 per share in April. Its dip over the weekend was pronounced compared to other tech stocks, which have collectively fallen during this year’s rising interest rate environment.
Though Twitter initially accepted Musk’s $44 billion buyout offer, the CEO suspended the agreement weeks later. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he tweeted in May.
On Friday, Musk ultimately terminated the agreement due to Twitter’s alleged non-compliance in providing him with sufficient information relating to the platform’s spam accounts. He claimed that information provided by the platform repeatedly came with “strings attached,” making it “minimally useful” to him and his advisors.
However, a clause within the original merger agreement grants Twitter permission to force the billionaire into closing the deal. Twitter Chairman Bret Taylor has already confirmed that his company will pursue legal action against Musk to close the deal on the terms to which they’d agreed.
Adam...
|  | Tesla CEO Elon Musk Officially Terminates $44 Billion Twitter Deal &mdas...
Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. 'Twitter is in material breach of multiple provisions' of the agreement, Musk's lawyer explained.Musk Ending Deal With Twitter Citing 'Material Breach of Multiple Provisions'
Tesla and Spacex CEO Elon Musk's lawyer sent a letter to Twitter Inc. Friday regarding Musk's offer to buy the social media platform. The letter, filed with the U.S. Securities and Exchange Commission (SEC), states:
Mr. Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement.
The letter claims that Twitter 'made false and misleading representations' and Musk relied on them when he signed the merger agreement between Twitter and his companies: X Holdings I Inc. and X Holdings II Inc.
The lawyer explained that Twitter has not complied with its contractual obligations to provide necessary data to Musk.
For nearly two months, Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform,' the lawyer described, elaborating:
Sometimes Twitter has ignored Mr. Musk's requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.
The letter acknowledges that Twitter has provided some information. However, 'that information...
|  | Dogecoin Adds $1 Billion To Its Market Cap Folllowing Elon Musk's ...
Following Elon Musk's Boring Company's announcement, it now allows consumers to pay using Dogecoin. As a result, DOGE has increased by 5% during the past day. But after that, it decreased by over 2%. However, it had a market value increase of almost $1 billion during the past 24 hours.
With a market cap of $10.484 billion, DOGE overtook Polkadot and other currencies to rank as the tenth-largest cryptocurrency. According to CoinGecko statistics, DOGE increased by around 13% during the course of the past seven days. The crypto sector is still plagued by uncertainty and anxiety, though.
Data from CoinMarketCap indicate that with a rise of about 2% over the last 24 hours, the global cryptocurrency market capitalization was trading higher at $930.89 billion. However, the overall volume of the cryptocurrency trade fell by approximately 18% to $53.35 billion.
Dogecoin is currently trading at $0.0706 on the daily chart | Source: DOGE/USDT chart from Tradingview.com
Pay With Dogecoin For A Ride: Elon Musk's Boring Company Announcement
According to CNN on Wednesday, the Boring Company has made it possible for users to use DOGE to pay for rides in its recently launched Vegas Loop.
The Loop is a transportation system where Tesla car drivers ferry people through a tunnel beneath Las Vegas. The first Loop station, which debuted last Friday, is located outside the Las Vegas Convention Center, but the business intends to build a 29-mile network of tunnels under the city with 50 stations in ...
|  | Dogecoin (DOGE) Could Use Some Lift – An Elon Musk Tweet, Perhaps?
Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows on a weekly, monthly and even yearly basis if some support does not come quickly to lift the sluggish coin.
As of this writing, DOGE is trading at $0.0653, down 4.5% in the last seven days, data from Coingecko show, Sunday.
Tesla CEO Elon Musk has always been an avid Dogecoin supporter. His fame and standing on the worldwide markets have enabled him to significantly influence the price and appeal of DOGE.
Suggested Reading | Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls
Where's The Musk Tweet When Dogecoin Needed It? As DOGE takes a heavy beating in the ongoing bear market, it is only natural to think that, perhaps, another tweet from Musk might provide some boost of energy to the lethargic coin?
Based on Coingecko charts, DOGE is down 0.6 percent in the one-hour timeframe, and 3.0 percent in the last 24-hours.
Since the Dubai Economic Forum, where the billionaire talked about Twitter and steered clear of any topic about cryptocurrency, DOGE hasn't received any social media 'promotion,' especially from its superfan, Musk.
As of Sunday's quick overview, DOGE price looks bearish as analysts noted some weakness to retrace further; a consolidation has developed below $0.68.
DOGE total market cap at $8.69 billion on the weekend chart | .com
Consequently, the DOGE/USD pair appears primed for mo...
|  | Ruble Hits 7-Year High, Bukele, O'Leary Unfazed by Crypto Downturn...
As sanctioned Russia's fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when it comes to the future of decentralized digital assets, with Salvadoran president Nayib Bukele, Tesla and Spacex CEO Elon Musk, and Shark Tank's Kevin O'Leary all recently reaffirming their faith in the cryptocurrency ecosystem in one way or another. This is the Bitcoin.com News Week in Review.
Russian Ruble Taps 7-Year High Against the US Dollar - Economist Says 'Don't Ignore the Exchange Rate'
Recent news reports have detailed that Russia's fiat currency, the ruble, was the best performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble's exchange rate, Charles Lichfield, the Atlantic Council's Geoeconomics Center deputy director, published an editorial called: 'Don't ignore the exchange rate: How a strong ruble can shield Russia.'
Read More
Salvadoran President to Bitcoin Investors: Your BTC Investment Is Safe, Will Immensely Grow After Bear Market
The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will 'immensely grow' ...
|  | Dogecoin Price Jumps As Elon Musk Reiterates Support For Meme Crypto At ...
Dogecoin, one of the most popular parody coins in the crypto market, is on a tear today. The crypto was up 13% at the time of publication. The move comes as Tesla CEO Elon Musk repeated his support for cryptocurrency on Tuesday at the Qatar Economic Forum in Doha.
Musk stated at the Qatar Economic Forum that he buys and backs it because people 'who are not that wealthy' have requested him to, according to Bloomberg News.
Suggested Reading | Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts
Dogecoin Gets Some Love From Musk
Musk remarked during the forum in an interview with Bloomberg News Editor-in-Chief John Micklethwait:
'I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin. I'm responding to those people.'
The coin began as a joke in 2013, but quickly grew into a major cryptocurrency thanks to a committed community and inventive memes.
Dogecoin is vulnerable to devaluation since there is no restriction on the number of DOGE units that may be created, unlike other cryptos.
In 2017, the price of Dogecoin was $0.0003. By June 1, 2022, its price had risen about 40,000% to $0.10. According to Coingecko data, DOGE is currently trading at $0.063348, up over 14 percent as of this writing.
Musk also stated that his staff had requested that he promote the coin. 'They urged me to endorse Dogecoin, and I am,' the billionaire explained.
In addition to Dogecoin, the SpaceX founder has indicated support f...
|  | Tesla CEO Elon Musk Confirms He'll Keep Buying and Supporting Doge...
Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE). He confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn.Elon Musk Reaffirms Commitment to Dogecoin
Tesla CEO Elon Musk reaffirmed his support for the meme cryptocurrency dogecoin a few times this weekend. On Sunday, Musk tweeted that he will keep supporting DOGE. He also indicated that he will keep buying the meme coin.
On Saturday, the Tesla boss also mentioned DOGE on Twitter in response to a tweet by Dogecoin co-creator Billy Markus stating his 'desire' for people to use DOGE 'for something beyond pump and dump … so it has a reason to exist.'
Musk tweeted that dogecoin can be used to purchase merchandise at his companies, Tesla and Spacex, hinting that more could be offered 'down the road.'
Tesla began accepting dogecoin for some merchandise in January. Last month, Musk said Spacex will soon accept DOGE for merchandise and Starlink subscriptions could soon follow suit.
At the time of writing, DOGE is trading at $0.062662, up 25% in the past 24 hours but down 30% over the last 30 days.
Musk has long been a supporter of dogecoin. He is known in the crypto community as the Dogefather. He believes that DOGE is the people's crypto and has potential as a currency. In contrast, he said bitcoin is more suitable as a store of value.
The Tesla chief also previously revealed that he persona...
|  | Binance CEO Still Supports Elon Musk's Twitter Bid
Changpeng Zhao – CEO of Binance, the world’s largest crypto exchange – has reaffirmed his support for Elon Musk’s plan to buy out Twitter. He also went deep on Binance’s current financial position, explaining that the exchange is more than prepared for the bear market.
‘If He’s Off, We’re Off’
In an interview with Bloomberg on Thursday, Zhao said he would be “disappointed,” if the mogul decides not to follow through on the deal. However, he is more than prepared to back him if he does.
“He’s leading, we’re following,” said the CEO. “If he goes through with the deal, we’re committed. If he doesn’t, then I think we’re off.”
A filing with the Securities and Exchange Commission in May revealed that Binance had put forth $500 million to support Elon Musk’s offer to buy Twitter. The latter proposed a $43 billion takeover to privatize the company in April, wishing to transform it into a free-speech paradise and “digital town square.”
Crypto enthusiasts and companies alike were highly supportive of the deal, seeing as it aligned with liberty-minded principles that digital assets embody. Sequoia Capital – a VC firm heavily involved with crypto – also put forward $800 million to support the bid.
Though Twitter’s board has accepted the offer, Musk has decided to put the deal on hold for now. He is waiting on details supporting the cl...
|  | Tesla CEO Elon Musk Has 'Super Bad Feeling' About US Economy...
Tesla and Spacex CEO Elon Musk says he has a 'super bad feeling' about the U.S. economy. President Joe Biden responded with a list of major investments by large corporations and wished Musk luck on his trip to the moon. Elon Musk's Bad Feeling About the U.S. Economy
Tesla CEO Elon Musk said he has a 'super bad feeling' about the U.S. economy in an email to executives seen by Reuters.
The email, titled 'pause all hiring worldwide,' was sent two days after Musk told staff to return to the workplace or leave. He also said he needs to cut about 10% of staff at his electric car company.
Musk has recently warned that the U.S. economy is either already in a recession or is headed towards one. However, the billionaire CEO of Tesla and Spacex believes that a recession is 'a good thing,' stating: 'It has been raining money on fools for too long. Some bankruptcies need to happen.' He also estimated that the recession will last between 12 and 18 months.
Morgan Stanley analyst Adam Jonas believes that Musk's concerns should be heeded, elaborating:
Elon Musk has a uniquely informed insight into the global economy. We believe that a message from him would carry high credibility.
Biden Responds to Elon Musk's Comments
On Friday, President Joe Biden responded to Musk's 'super bad feeling' comment about the U.S. economy.
'Well, let me tell you, while Elon Musk is talking about that, Ford is increasing their investment overwhelmingly,' Biden said, pulling out a notecard from his jacket pocket....
|  | Dogecoin Price Analysis: Despite Elon Musk's Recent Tweets, DOGE A...
Like the rest of the cryptocurrencies, Dogecoin had seen a painful month in May, experiencing a rapid decline in its DOGE valuation. Can Elon Musk save his favorite cryptocurrency with the price at critical support?
Key Support levels: $0.08Key Resistance levels: $0.11
DOGE had a positive month in April, but all of this came to an abrupt stop in May with its price falling by over 60% from the highs recorded just a month before. Now, DOGE is facing the 8 cents critical support. From the bullish side, the key resistance lies at 11 cents, however, this level seems quite far away right now.
Chart by TradingView
Technical IndicatorsTrading Volume: The volume closed in the green over the past two days, but now the price action turned red again. Despite the above, the trading volume remained low over the weekend.
RSI: The daily RSI made a higher low, but continues to be very close to the oversold area. This is a sign of weakness as long as the RSI cannot move higher.
MACD: The daily MACD is bullish. However, buy momentum is absent, which is reflected in the histogram.
Chart by TradingView
Bias
The bias for DOGE is bearish, while Dogecoin hopes for a better month after the bloody May.
|  | Dogecoin Spiked 15% as Elon Musk Says SpaceX Will Soon Accept it for Mer...
SpaceX CEO Elon Musk said the firm will soon accept Dogecoin as a form of payment. Previously, on similar occasions, Musk's comments had driven the popular meme coin to surge in value within a short period of time. This time, the cryptocurrency spiked nearly 15% right after the news broke, but it soon gave away most of its gains.
After announcing the EV giant Tesla would accept Dogecoin as payment for some of its merchandise, the self-proclaimed Dogefather doubled down its faith in the meme coin, revealing on Twitter that SpaceX, another venture he led as CEO, will soon accept Dogecoin as a payment option. He tweeted:
“Tesla merch can be bought with Doge, soon SpaceX merch too.”
However, Musk did not specify when the payment option will be available to the public.
When asked if SpaceX would allow customers to pay for Starlink's internet subscriptions with Dogecoin, Musk replied, 'Maybe one day.'
Last May, SpaceX accepted Dogecoin as full payment for a lunar mission dubbed the 'DOGE-1 Mission to the Moon.' Musk noted that 'Dogecoin would become the first cryptocurrency in space.'
At the time of writing, the largest meme coin by market cap is trading slightly below $0.08 as its earlier gain spurred by the news has mostly been wiped out.
Source: TradingView
|  | 5 Up-and-Coming DOGE Projects that Might be Worth Your Money
In the 2021 bull run, cryptocurrencies that played on the dog theme dominated the market. It all started on April 2nd, when Elon Musk tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” In the weeks that followed, Dogecoin - cryptocurrency’s original meme - skyrocketed from a meager $0.05 to a high of $0.75 on May 7th. That means a DOGE holder who had $100 of Dogecoin on April 2nd would have had $1500 less than a month later.
With the Tesla CEO incorporating DOGE into its accepted payments for merchandise sales and supercharging stations and suggesting that people who subscribe to Twitter Blue should be able to pay with Dogecoin, DOGE itself (approximately $0.08 at the time of writing) still has massive upside potential. But many feel as though they’ve missed out on the asset’s heyday. They’re looking for the next 10,000x that only comes from early adoption. These five dog-themed coins have the potential to do just that.
Baby Doge ($BABYDOGE) is a deflationary token designed to become more scarce over time. They charge a 5% fee for each sale of the asset and redistribute that fee to Baby Doge Coin holders - meaning the longer you hold, the more you can earn. It’s worth noting that Musk himself tweeted about Baby Doge on July 1st 2021. Currently, Baby Doge sits at $263 million market cap. Dogelon Mars ($ELON) is a dog-themed project that seeks to outpace Dogecoin’s success. As the website says, “I am...
|  | Dogecoin Co-Founder Says 95% of Crypto Projects Are Scams, Elon Musk Rea...
Billy Markus, co-founder of the popular memecoin Dogecoin (DOGE), said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer.
Markus: 95% of Crypto Projects are Scams
In a recent tweet, the Dogecoin creator argued that 95% of cryptocurrencies are worthless as they have succeeded in destroying the reputation of the entire industry.
According to Markus, top traditional financial players and most mainstream internet users have labeled the entire digital asset landscape as 'garbage' and a scam because of the existence of bad players and projects within the space.
the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes
let’s change that. it starts with you - what you support, and how you behave.
— Shibetoshi Nakamoto (@BillyM2k) May 16, 2022
Markus' tweet comes in the wake of the catastrophic failure of the Terra ecosystem. The project's woes started when UST depegged from $1, bringing LUNA down with it. All efforts by the Luna Foundation Guard (LFG) to defend the digital asset's peg proved futile as the project subsequently crashed, leaving investors scratching their heads in losses.
Crypto Twitter Responds
Knowing that his statement would be controversial, Markus added, 'Also note that the only people who are gonna react triggered and lash out to this tweet are the scammers and a...
|  | Ripple CTO Defends Elon Musk Against Associated Press Criticism About Tw...
Chief technology officer at Ripple, David Schwartz, who has been criticizing Elon Musk for his intention to buy Twitter, has supported the eccentric centibillionaire this time as Musk was criticized in an Associated Press (AP) article about the Twitter acquisition.
Musk bashing his opponents on Twitter
In an article published by the Associated Press, the authors stated that Elon Musk, although saying that he wants to buy Twitter to defend freedom of speech, in fact harshly verbally attacks those who disagree with him, and he does it on the same social media platform.
The article mentions Musk slamming Tesla co-founder and former CEO Martin Eberhard on Twitter for claiming that Musk was 'craving attention and anxious to claim credit as a visionary.'
Elon called him 'a liar' in one of his tweets after that. He referred to the SEC as the 'Shortseller Enrichment Commission,' and other similar cases were mentioned.
There are many legitimate criticisms of Elon Musk. This is not one of them.
Harshly attacking those who disagree with you verbally is in absolutely no way whatsoever inconsistent with defending freedom of speech. It is, in fact, the very thing that needs to be defended. https://t.co/tWoHWggrpZ
— ????? ???????? (@JoelKatz) May 12, 2022
Ripple CTO defends Elon Musk
However, the Ripple CTO, despite criticizing Musk earlier regarding the future Twitter acquisition, sided with the billionaire thi...
|  | Tesla CEO Elon Musk Reaffirms Dogecoin 'Has Potential as a Currenc...
Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold 'pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.'
Elon Musk Says Dogecoin Has Potential as a Currency
Tesla CEO Elon Musk has made another bullish statement about the meme cryptocurrency dogecoin (DOGE) despite massive sell-offs across the crypto market.
Musk affirmed that dogecoin 'has potential as a currency.' His tweet was in response to a comment by dogecoin co-creator Billy Markus, who said that the reason he likes the meme cryptocurrency is because 'it knows it is stupid.'
The Tesla CEO's tweet reiterated his earlier statement that DOGE is the best crypto for transactions. In contrast, he said bitcoin is better suited as a store of value. Musk, who is known in the crypto community as the Dogefather, also said that dogecoin is 'the people's crypto.'
A longtime supporter of DOGE, Musk tweeted in April 2019: 'Dogecoin might be my fav cryptocurrency. It's pretty cool.' The Tesla boss also revealed that he personally owns dogecoin in addition to bitcoin and ether.
Musk's Twitter Deal Is on Hold
The Tesla boss has offered to buy Twitter for about $44 billion, which the social media company accepted. Since then, he has been discussing various ways to improve the platform.
However, Musk announced Friday that his Twitter buyout deal has now been put on hold, tweeting:
Twitter deal temporar...
| | Binance Backed Elon Musk's Twitter Deal With $500 Million
A recent filing with the Securities and Exchange Commission revealed that Elon Musk had received backing from numerous large organizations for his bid to purchase Twitter. One of those names was the world's largest crypto exchange, Binance, whose native cryptocurrency jumped to a 2-week high after the news came out.
Last month, it became known that Musk had purchased a 9.2% stake in the social media giant, which was just the beginning of a thriller.
Shortly after, he dabbled with the idea of becoming a board member, but he ultimately refused the proposition. What followed was quite a bit more significant as the billionaire said he wanted to purchase Twitter and turn it into a private company.
Despite some criticism and uncertainty, reports emerged in late April claiming that Twitter had ultimately accepted a $44 billion bid.
An updated Schedule 13D filing with the US financial watchdog shows that Musk had received backing for his bid from 18 corporate investors, including some with connections to the cryptocurrency industry.
Sequoia Capital had allocated $800 million, Fidelity just over $316 million, and Binance - $500 million.
Interestingly, BNB jumped by nearly 5% after the news broke and tapped a two-week high at over $410.
|  | APE Soars 20% in an Hour as Elon Musk Puts a Bored Ape as Twitter PFP
The richest man on the planet - Elon Musk - has once again caused a stir within the cryptocurrency community.
Moments ago, the man spearheading both Tesla and SpaceX changed his Twitter profile picture to that of a Bored Ape with a golden fir surrounded by other apes.
That's all it took for the markets to react.
In a few minutes after Musk changed his Twitter profile picture, APE coin - the native cryptocurrency of the Bored Ape Yacht Club ecosystem - took for the skies.
APE is up almost 20% in less than an hour, and it currently trades above $17.
Floor prices of the BAYC-related collections also saw an uptick, albeit not as definitive as APE coin.
This story is developing.
|  | Tesla CEO Elon Musk Gives Investment Advice He Says 'Will Serve Yo...
Tesla and Spacex CEO Elon Musk has shared his recommended investment strategy, which he believes 'will serve you well in the long term.' Some people noted that Musk's strategy is similar to one adopted by Berkshire Hathaway CEO Warren Buffett.Elon Musk's Investment Advice
Tesla and Spacex CEO Elon Musk gave some investment advice Sunday, noting that he has been asked about it 'a lot.'
He explained that investors should buy stock in several companies that make products and services that they believe in. They should only sell if they think those products and services are trending worse, Musk continued, emphasizing that they should not panic when the market does. 'This will serve you well in the long term,' the Tesla boss stressed.
At the time of writing, Musk's tweet has been liked more than a million times and retweeted 110K times.
Responses to his tweet were mixed. Some people agreed with Musk while others argued about different aspects of his advice, such as saying severely overvalued investments should not be held long term and not all market reactions should be ignored. A few took Musk's advice as a warning that his electric car company, Tesla (TSLA), may have some bad news soon.
A number of crypto proponents said they have been doing just as Musk recommended with cryptocurrency, supporting the projects they believe in regardless of the underlying coin prices.
Some investors noted that Musk's advice is similar to the value investing strategy touted by Berkshire Hathaway ...
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