Money

Elon Musk helps Dogecoin jump to new monthly high

Published

2 years ago

October 27, 2022

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.

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

— Elon Musk (@elonmusk) October 26, 2022

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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending