Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria

Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer Elon Musk purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021. Twitter’s native currency: Dogecoin? DOGE’s price rose by nearly 25% to $0.15 […]

Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears

Bitcoin (BTC) saw a classic “fake out” move on April 25 as volatility kept traders firmly on edge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders stay gloomy on BTC outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly climbing almost $1,000 as April 25’s Wall Street trading session began. The move was short-lived, […]

DOGE price analysis hints at 30% drop despite Elon Musk’s Twitter bid

The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%.  DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger […]

Will Elon Musk Accept Cardano Founder’s Offer To Build Decentralized Twitter?

Charles Hoskinson, Cardano’s founder and chief executive of Input-Output Global, said he is keen in assisting Elon Musk in building a decentralized social media platform from the ground up — if Musk’s Twitter bid fails. But Douglas Horn, the Telos blockchain’s primary architect, joked that the project would be completed by 2035. There are numerous […]

Bitcoin dives on Wall Street open, DOGE price jumps on Elon Musk’s Twitter offer

Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin follows stocks downhill Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on Thursday. The pair had hit […]

Elon Musk endeavors to buy Twitter but will reconsider position if rejected

In a letter sent to the chairman of Twitter’s board Bret Taylor on Thursday, entrepreneur Elon Musk, best known for founding and heading Tesla and SpaceX, has offered to purchase the entire Twitter company for $54.20 a share, stating that the social media platform has “extraordinary potential” that he will “unlock.” Published by the U.S. […]

Elon Musk, Twitter and Running Things Like a DAO

Agrawal’s note is opaque, but it offers a few clues about what may be going on behind the scenes. The current board members, wrote Agrawal, “believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, […]