• Elon Musk recently tweeted about Dogecoin and Shiba Inu, prompting a 6.6% and 2.5% surge in their prices respectively.
• According to a Blockchain Research Lab study, there has been an average of 3% price increase after each of the 47 events following a tweet from Musk.
• 24-hour Dogecoin prices range between $0.0832 and $0.0872 with a potential for further growth if it can break the key resistance level at $0.09.
Elon Musk’s Influence on Crypto
Twitter CEO Elon Musk has been linked to several price surges of Dogecoin (Doge) after his tweets triggered speculations among investors that causes an increase in the price of the meme coin in the last 24 hours. He recently Tweeted: „High time I confessed I let the Doge out.“ There was an image attached to the post with the inscription „It was me, I let the dogs out.“ The interesting twist is that Shiba Inu also surged marginally, probably because of Musk’s mention of „dogs“ in plural words.
Blockchain Research Lab Study
According to a Blockchain Research Lab study on the effect of Elon Musk’s moves on cryptos, there was a price range of about 3 percent on average for each of the 47 events after a tweet by him. Whenever there is an immediate and large spike in price, there is another 45-minute price spike that follows accordingly as per this study’s observation.
Dogecoin Price Movement
The 24-hour move of Dogecoin has been within the ranges of $0.0832 and $0.0872 which shows that although there has been a surge but not substantial enough yet as it couldn’t test its key resistance level at $0.09 before recording its first retracement as seen in its chart data analysis over these 24 hours period before stabilizing eventually..
New Feature Introduced To Twitter?
Some users believe that Musk’s tweet was a mere expression of some new feature introduced to Twitter; Community Notes posted „Starting today, you’ll get a heads-up if a Community Note starts showing on Tweet you’ve replied to, Liked or Retweeted“. This helps give people extra context they might otherwise miss with this new feature being announced by them just prior to Elon’s post..
Overall, it is clear from all these observations that Elon Musk commands quite some influence over investors when it comes to cryptocurrencies like Dogecoin & Shiba Inu whose prices surged significantly due to his latest tweets regarding them both even though he sought to show his interest only in one cryptocurrency initially..
• Shiba Inu ($SHIB) has spawned a rival with the launch of ‚Golden Inu‘, a new crypto ecosystem that pays users to work and share jobs.
• This metaverse company & digital currency is structured by alliances of citizens within the „Golden Horde“ who will control its direction.
• The platform offers tasks/jobs to complete, earning money from a community funded treasury.
A New Crypto Ecosystem: Golden Inu
The Shiba Inu Killer is ready to show its rival how to create a crypto ecosystem. Golden Inu is a new metaverse company & digital currency that rewards users for working and sharing jobs. It’s “safe” because funds raised will be used in a transparent manner, and decisions about the project will be controlled by an alliance of citizens called the „Golden Horde“.
Earning Money Through The Quest
The official name of Golden Inu’s tasks platform is known as ‚The Quest‘. Through quests, users can earn money from a community funded treasury. The types of quests available are determined by each alliance within the horde, including ‚Khans‘, ‚Frontier Force‘, ‚Code Warriors‘, ‚Narrators‘ and ‚Visionaries‘.
The Alliances Within The Horde
Each alliance within the horde has different tasks to help build the brand. Khans are selected experts within their field who are responsible for executing tasks in their horde. The Frontier Force handles grass-roots marketing campaigns while Code Warriors develop web3 applications for the evolving ecosystem. Narrators provide content needed by the Horde and Visionaries create innovative solutions for future development projects.
A Safe Meme Coin For Everyone
Real-Time Community Platform
Finally, Golden Inu offers users access to a real-time community platform which allows them to interact with each other and complete quests together or individually, depending on their preference. With this platform, users can come up with innovative solutions for future development projects and have access to tools that can help them grow their influence within this evolving crypto ecosystem..
•RenQ Finance (RENQ), Polkadot(DOT), and Dogecoin (DOGE) are great options for investors this month.
•Dogecoin (DOGE) has gained a considerable boost due to a recent research study, and Elon Musk’s support.
•Polkadot (DOT)’s multichain network is becoming a popular hub for new chains, and RenQ Finances‘ (RENQ) presale has had a blockbuster start.
Investing in Cryptocurrency This Month
RenQ Finance (RENQ)
RenQ Finance (RENQ) is an extremely bullish DeFi Project that is in its Presale Stage. It offers great potential for investors with predictions by market experts of prices rising as high as 8000%. The first stage of RenQ Finances‘ (RENQ) presale has had a blockbuster start with crypto investors rushing to buy its tokens. RenQ Finance (RENQ) is the only all-in-one Defi Platform that has Each and Every DeFi product under one Roof.
According to a recent research study, Dogecoin (DOGE) was the only meme coin that decreased its carbon footprint in 2022. Additionally, Elon Musk’s assertion that Dogecoin (DOGE) is superior to Bitcoin and other cryptocurrencies for performing transactions is supported by the report. As such, during the past few weeks, Dogecoin’s value has significantly surged with prices expected to continue climbing in the coming weeks according to analysts.
The Polkadot multichain network was created to bridge the gap between existing blockchain networks to create a single integrated network. It allows para-chain customization while allowing them to operate independently from the parent chain. Recently, Polkadot has developed into a popular hub for new chains including MantaPay and other protocols which have caused increased interest in it and significant price increases over the past month according to market experts who believe it may see even more growth soon.
This February presents exciting investment opportunities in cryptocurrency with RenQ Finance(RENQ), Polkadot(DOT),and Dogecoin(DOGE). All three have seen impressive growth over recent months due to their unique features, partnerships, and industry leading technology making them very attractive investments this month!
• Djed, the Cardano-based overcollateralized stablecoin, has seen immense success since its release to the market – 1.85 million coins have been minted and 40,000 burned in two days.
• Djed and SHEN are now listed on major Cardano DEXs like Minswap, Wingriders, and MuesliSwap as well as Bitrue – a major centralized cryptocurrency exchange.
• CoinGecko and DeFi TVL aggregator DefilLama have also unrolled Djed and SHEN to millions of users on their sites.
Cardano’s overcollateralized stablecoin Djed is making waves only two days after it’s launch with massive burn and nearly 2 million token mints.
Djed has achieved many milestones in a short period including minting 1.85 million coins and burning 40,000 tokens. It has attracted 27 million Cardano (ADA) tokens as backing with an 800% reserve ratio. 21M SHEN (Djed’s Reserve Coin) have been minted with 73K SHEN burnt so far resulting in a 623% reserve ratio.
Listings On Platforms
Both Djed and SHEN are receiving wide coverage across many media publications since their launch with listings on many platforms reaching a sizable number including major Cardano DEXs such as Minswap, Wingriders, and MuesliSwap as well as Bitrue – a major centralized cryptocurrency exchange which will help increase accessibility to crypto users globally . CoinGecko and DeFi TVL aggregator DefilLama have also unrolled Djed and SHEN to millions of users on their sites.
Trading Volume Increasing
Trading volume for both Djed/ADA and SHEN/ADA pairs is increasing rapidly on these platforms due to the increased popularity of the assets amongst traders.
COTI has also revealed upcoming upgrades which will see further improvements made to the platform allowing for greater usability of both assets by mainstream audiences worldwide.