Dogecoin (DOGE) News: Top memecoin Dogecoin (DOGE) Dogecoin (DOGE) had eventually reached the $0.1 mark for the 1st time in 3 months. After sliding from a peak of 14 cents owing to the FTX Trading Ltd related contagion in November 2022, Dogecoin (DOGE) failed to touch the mark. The psychological barrier of 1 cent is important in the present scenario, as regulatory authorities become increasingly skeptical of the cryptocurrency mark after the FTX Trading Ltd collapse. It is likewise encouraging given that memecoins are as of now leading the price rally in the market, as Bitcoin (BTC) goes through correction in gains.
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As of writing, Dogecoin (DOGE) price stands at $0.10, up 6.22 percent in the previous day, reports by CoinGape price tracker. The Dogecoin (DOGE) community is increasingly becoming positive tendency as the memecoin came as far as 0.099. In the meantime, the price of Shiba Inu , DOGE’s rival, skyrocketed on Saturday. This may be in anticipation of the following Shibarium upgrade launch. As of writing, SHIB price stands at $1.54, up by a staggering 23 percent in the last 24 hours.
The Elon Musk (Tesla & SpaceX CEO) Factor
An underlying tendency among the memecoin traders is Elon Musk’s recent notice in his intend to revolutionize the Twitter payments space. The Dogecoin (DOGE) community had long been optimistic of cryptocurrency based payments on the social media platform. On Friday, Musk tweeted saying Twitter was initiating a new ad revenue model that would benefit creators who already subscribed to the Twitter Blue Verified program. Nonetheless, it is still uncertain how long would Twitter take to introduce cryptocurrency payments, seeing as the present regulatory landscape.
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