Murdoch & Musk Spark Dogecoin (DOGE) Discussion at Super Bowl
• Elon Musk and Rupert Murdoch sparked a discussion about Dogecoin (DOGE) at the Super Bowl, with Musk wearing a Dogecoin-themed t-shirt.
• The Dogecoin price has bounced back from $0.1 after the January crypto relief rally, and is currently trading at around $0.0832.
• Over $2.39 million has been liquidated from the Dogecoin market according to the latest data from Coinglass.
Dogecoin: A Discussion Sparked by Media Mogul Rupert Murdoch and Elon Musk
At this year’s Super Bowl, media mogul Rupert Murdoch and tech billionaire Elon Musk sparked a conversation about Dogecoin (DOGE). While wearing a Dogecoin-themed t-shirt, Musk was seen sitting next to Murdoch, who owns the Fox empire and was this year’s broadcaster of the Super Bowl. In response to a tweet by former $100 million money manager Genevieve Roch-Decter questioning what was discussed between them, Musk insinuated that they had indeed talked about Dogecoin.
Dogecoin Price Analysis & Market Outlook
The second largest proof-of-work (PoW) secured blockchain after Bitcoin enjoys a global user base of approximately 5,145,693 people. As such, the bulls are likely to take over from its current price of around $0.0832 per coin. On the daily timeframe, both 50 and 200 MA still remain supported despite Bitcoin’s death cross indicator signaling further bearishness in the cryptocurrency market overall. If followed by Baby Doge in terms of price action as anticipated then it could potentially rally beyond $0.155 to invalidate bearishness for good this year.
Musk Pushing For Organizations To Accept DOGE As Payment
Elon Musk has been pushing for different organizations including McDonald’s to accept DOGE as payment means which would help increase its adoption rate even more so than already achieved thus far – noting Twitter is currently working on its own payment feature making it all seem more likely that DOGE could be one of those coins targeted soon enough if not already in development stages as we speak!
Liquidation Of The Market
Over $2.39 million has been liquidated from the Dogecoin market according to Coinglass‘ latest update – suggesting some investors may still be wary of investing or holding their assets too long due to volatile nature associated with cryptocurrencies like these ones in particular! This could also mean there’s potential upside coming soon if those same investors decide they want back into this asset class soon again – however time will tell what happens next here!
Conclusion
All in all, it appears that Dogecoin is continuing on an upward trend despite recent market volatility as well liquidations seen recently due to heightened investor cautionary measures being taken lately within crypto space itself – which can make predicting future prices difficult at best given all variables involved when trying forecasting future movements like these ones specifically speaking!
