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Elon Musk helps Dogecoin jump to new monthly high

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2 years ago

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Musk keeps dogecoin

Dogecoin (DOGE) has continued its bullish price action for the second straight day, with the leading meme coin jumping to a new monthly high of $0.08022 today.

Dogecoin was trading at around $0.077614 a piece at press time, up 16.7% over the past 24 hours. Trading volumes also spiked by 196% over the same period.

The move higher comes after Dogecoin fell sharply from its all-time high of $0.0855 on May 8th, with the coin tumbling as low as $0.058 within two days. Since then, however, Dogecoin has been on a tear higher, with the coin now up more than 38% from those lows.

On a weekly note, DOGE has gained more than 31%, the largest weekly gainer among the top 20 cryptocurrencies by market capitalization. The meme coin is now up more than 515% since the beginning of the year.

Dogecoin, the tenth-largest cryptocurrency with a market capitalization of $10.5 billion, is less than a billion dollars away from surpassing Solana (SOL).

Thanks Elon

The main reason behind Dogecoin’s bullish price action is likely Elon Musk’s recent announcements about his Twitter acquisition.

Tesla’s Chief has been a big-time backer of Dogecoin, leading to increased enthusiasm among investors.

Besides the Musk factor, on-chain metrics also show strong positive growth for Dogecoin.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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