{"id":489022,"date":"2022-04-27T08:56:01","date_gmt":"2022-04-27T08:56:01","guid":{"rendered":"https:\/\/wncen.com\/?p=489022"},"modified":"2022-04-27T09:03:37","modified_gmt":"2022-04-27T09:03:37","slug":"dogecoin-doge-struggles-drops-9","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-doge-struggles-drops-9\/","title":{"rendered":"Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout"},"content":{"rendered":"

Dogecoin struggles to maintain its momentum, dropping steadily by 9%. And it seems investors are letting the chips fall where they may.<\/span><\/p>\n

Following the announcement that Elon Musk would buy Twitter, DOGE soared 26% and everything went bullish especially after the news that the Tesla CEO bought Twitter for $44 billion.<\/span><\/p>\n

Suggested Reading | Dogecoin (DOGE) Trading Volume Plunges \u2013 Here\u2019s Why<\/a><\/em><\/strong><\/p>\n

Musk Shakes Things Up For DOGE<\/b><\/h2>\n

Apparently, the popular meme coin had a sharp spike in April 5 when Musk decided to join Twitter\u2019s board with a 9.2% stake. Now, DOGE is losing all the gains and dropping hard in a short span of time.<\/span><\/p>\n

It seems that the buy pump following the Twitter acquisition of Musk was practically short-lived. Today, DOGE is slipping fast at 9%, according to CoinMarketCap. Currently, the DOGE value is a little above $0.14 per coin which reached its peak yesterday at around $0.1667.<\/span><\/p>\n

In the early months following its launch, DOGE surged and it even peaked at above $0.73 in May 2021. <\/span><\/p>\n

Since then, Dogecoin has had difficulty gaining traction despite being perpetually linked to the self-acclaimed “Dogefather” Musk.<\/span><\/p>\n

His clever memes and tweets stir more attention for dog-inspired meme coins.<\/span><\/p>\n

<\/p>\n

DOGE total market cap at $18.10 billion on the weekend chart | Source: TradingView.com<\/a><\/pre>\n
Most Popular Dog-Inspired Meme Coin<\/b><\/h2>\n
Dogecoin was a dog-inspired coin (Shiba Inu dog in particular) created as a joke. It was swiftly created in a matter of three hours.<\/span><\/p>\n
After its creation, Musk was very open about his support to DOGE (and other digital tokens), being what he calls as the <\/span>people\u2019s crypto.<\/span><\/i><\/p>\n
His snaps at Twitter directly impacts DOGE price. The centibillionaire\u2019s influence on the crypto is definitely beyond hype because he can step on the gas and the brakes and it all just happens like clockwork.<\/span><\/p>\n
Suggested Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter<\/a><\/em><\/strong><\/p>\n
DOGE On Twitter<\/b><\/h3>\n
A lot of Dogecoin followers expected that Musk buying Twitter will help speed up DOGE\u2019s tempo. It did for like 24 hours but the excitement and interest quickly dissipated.<\/span><\/p>\n
DOGE on Twitter is certainly something to look forward to. <\/span><\/p>\n
Currently, Twitter already allows tipping using Bitcoin and Ethereum. The social media juggernaut also allows customers to use their Ethereum NFTs as profile photos, being a part of their premium subscription.\u00a0 <\/span><\/p>\n
With the addition of Dogecoin, customers will have more options in payments.<\/span><\/p>\n
Majority of cryptos are down by 3% at the moment. Shiba Inu has even slipped further down at 3% in the last 24 hours.<\/span><\/p>\n
Meanwhile, the Shiba Inu coin is now set at a market value of $0.00002326. It\u2019s all looking a little bleak at the moment for the crypto world but better days are ahead.\u00a0\u00a0<\/span><\/p>\n
Featured image from The Motley Fool, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Dogecoin struggles to maintain its momentum, dropping steadily by 9%. And it seems investors are letting the chips fall where they may. Following the announcement that Elon Musk would buy Twitter, DOGE soared 26% and everything went bullish especially after the news that the Tesla CEO bought Twitter for $44 billion. Suggested Reading | Dogecoin (DOGE) Trading Volume Plunges \u2013 Here\u2019s Why Musk Shakes Things Up For DOGE Apparently, the popular meme coin had a sharp spike in April 5 when Musk decided to join Twitter\u2019s board with a 9.2% stake. Now, DOGE is losing all the gains and dropping hard in a short span of time. It seems that the buy pump following the Twitter acquisition of Musk was practically short-lived. Today, DOGE is slipping fast at 9%, according to CoinMarketCap. Currently, the DOGE value is a little above $0.14 per coin which reached its peak yesterday at around $0.1667. In the early months following its launch, DOGE surged and it even peaked at above $0.73 in May 2021. Since then, Dogecoin has had difficulty gaining traction despite being perpetually linked to the self-acclaimed “Dogefather” Musk. His clever memes and tweets stir more attention for dog-inspired meme coins. DOGE total market cap at $18.10 billion on the weekend chart | Source: TradingView.com Most Popular Dog-Inspired Meme Coin Dogecoin was a dog-inspired coin (Shiba Inu dog in particular) created as a joke. It was swiftly created in a matter of three hours. After its creation, Musk was very open about his support to DOGE (and other digital tokens), being what he calls as the people\u2019s crypto. His snaps at Twitter directly impacts DOGE price. The centibillionaire\u2019s influence on the crypto is definitely beyond hype because he can step on the gas and the brakes and it all just happens like clockwork. Suggested Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter DOGE On Twitter A lot of Dogecoin followers expected that Musk buying Twitter will help speed up DOGE\u2019s tempo. It did for like 24 hours but the excitement and interest quickly dissipated. DOGE on Twitter is certainly something to look forward to. Currently, Twitter already allows tipping using Bitcoin and Ethereum. The social media juggernaut also allows customers to use their Ethereum NFTs as profile photos, being a part of their premium subscription.\u00a0 With the addition of Dogecoin, customers will have more options in payments. Majority of cryptos are down by 3% at the moment. Shiba Inu has even slipped further down at 3% in the last 24 hours. Meanwhile, the Shiba Inu coin is now set at a market value of $0.00002326. It\u2019s all looking a little bleak at the moment for the crypto world but better days are ahead.\u00a0\u00a0 Featured image from The Motley Fool, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":489023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83685],"tags":[1785,7,8375,4257],"class_list":["post-489022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-dogecoin","tag-doge","tag-dogecoin","tag-elon-musk","tag-twitter"],"acf":[],"yoast_head":"\nDogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout<\/title>\n<meta name=\"description\" content=\"Dogecoin struggles to maintain its momentum, dropping steadily by 9%. And it seems investors are letting the chips fall where they may. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout","url":"http:\/\/wncen.com\/news\/dogecoin-doge-struggles-drops-9\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-doge-struggles-drops-9\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Dogecoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Dogecoin.png?fit=878%2C585"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","dogecoin","elon musk","twitter"],"dateCreated":"2022-04-27T08:56:01Z","datePublished":"2022-04-27T08:56:01Z","dateModified":"2022-04-27T09:03:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-doge-struggles-drops-9\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-doge-struggles-drops-9\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Dogecoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Dogecoin.png?fit=878%2C585\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"dogecoin\",\"elon musk\",\"twitter\"],\"dateCreated\":\"2022-04-27T08:56:01Z\",\"datePublished\":\"2022-04-27T08:56:01Z\",\"dateModified\":\"2022-04-27T09:03:37Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Dogecoin.png?fit=878%2C585","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/489022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=489022"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/489022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/489023"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=489022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=489022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=489022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}