Elon Musk, known for his support of Dogecoin, once again caught the crypto community's attention with his comment on the social network X (formerly Twitter). His reaction sparked active discussions in the community, leading to a wave of speculation and hope.
Elon Musk's Reaction to Dogecoin
Recently, Elon Musk mentioned the freezing of Starlink bank accounts, sparking reactions from the crypto community members. A prominent Dogecoin community member, 'Sir Doge of the Coin,' responded with 'Dogecoin fixes this.' Musk replied, 'Hmm... you make a good point.' This seemingly casual acknowledgment led to widespread discussions and speculations about the potential integration of Dogecoin into Musk's business ventures.
Dogecoin Foundation Activities
In March this year, the Dogecoin Foundation released Dogecoin GigaWallet v1.0. This backend service offers an API for integrating Dogecoin into websites, such as online stores, exchanges, and social platforms. The foundation is also nearing the launch of the Dogebox platform, designed for building solutions on top of the Dogecoin blockchain.
Analysts' Predictions
At the time of writing, Dogecoin was down 1.88% in the last 24 hours, trading at $0.096, reflecting a lackluster performance in the general crypto market. However, analyst Ali Martinez observes a bullish divergence against the RSI on the four-hour chart, suggesting potential good news on the horizon with indicators flashing a buy signal.
Elon Musk's recent comment has stirred the Dogecoin community, adding optimism and new speculations about the cryptocurrency's future. The Dogecoin Foundation continues to develop its projects, while analysts point toward possible positive market trends.
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