• Latest
  • Trending
Elon Musk Supports “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating

Elon Musk Supports “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating

October 25, 2021
Singapore Bank DBS Completes Fixed Income Trade on JPMorgan’s Blockchain Network Onyx

Cryptocurrency Exchange Crypto.com Receives Digital Token License from Monetary Authority of Singapore (MAS)

June 1, 2023
XRP $1 Threshold On The Horizon? Trader Fuels Speculation

XRP $1 Threshold On The Horizon? Trader Fuels Speculation

June 1, 2023
Metacade price prediction for June: buy the MCADE dip

Metacade price prediction for June: buy the MCADE dip

June 1, 2023
EU Takes Major Step in Crypto Regulation with MiCA Legislation

EU Takes Major Step in Crypto Regulation with MiCA Legislation

June 1, 2023
FUR BALL: The Next Big Meme Coin Launches with a Bang

FUR BALL: The Next Big Meme Coin Launches with a Bang

May 31, 2023
Bitcoin BTC Price Settles Above $27K After Early Wednesday Dip Amid Rate Hike, Inflation Worries

Bitcoin BTC Price Settles Above $27K After Early Wednesday Dip Amid Rate Hike, Inflation Worries

May 31, 2023
JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin

JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin

May 31, 2023
Investment bank TD Cowen shuts crypto unit a year after opening

Investment bank TD Cowen shuts crypto unit a year after opening

May 31, 2023
New Projects, Transaction Count Increase, Tech Upgrades

New Projects, Transaction Count Increase, Tech Upgrades

May 31, 2023
  • Privacy Policy
Thursday, June 1, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Elon Musk Supports “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating

J_News by J_News
October 25, 2021
in Crypto Technical Analysis, Top News
0
Elon Musk Supports “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


Dogecoin (DOGE)

Elon Musk Supports the “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating Binance and Coinbase

  • AnTy
  • October 25, 2021

Shiba Inu (SHIB) was rallying to new highs when Elon Musk sent it crashing.

Tesla CEO initially helped SHIB go up by tweeting a photo of his puppy earlier this month only for the meme token to drop after he revealed on Sunday that he doesn’t own any.

Over the weekend, SHIB hit a new all-time high at $0.00004432 to become the 11th largest cryptocurrency.

This could also be driven by the Shiba Inu community’s expectation to get listed on Robinhood. A petition on Change.org for the same has gathered almost 300,000 signatures.

“Memes have value and have been an investible thesis in 2021,” said Jonathan Cheesman, head of OTC and institutional sales at crypto-derivatives exchange FTX. “Lower dollar-price tokens are attractive to retail,” he added.

But when a SHIB investor asked Musk if he owned the crypto asset, his “none” sent its price down by 18.5% to $0.000044323652. But since then, SHIB’s price has recovered some of the losses and is now trading at $0.00003880.

SHIB, however, continues to be the most traded crypto asset on the exchanges even still. Currently, it is leading in trading volume on Binance and Coinbase at $3.95 bln and $1.75 bln respectively.

While SHIB’s 24-hour volume accounts for 15% of Binance’s total volume, it is double for Coinbase at 30.4%.

This meme coin is up a mind-boggling 69357672.5% in the last 11 months.

Elon’s Only Into the Original Meme

While sharing that he doesn’t own any SHIB tokens, Musk clarified that he only owns Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).

“Out of curiosity, I acquired some ascii hash strings called “Bitcoin, Ethereum & Doge”. That’s it,” said Musk.

In a separate response, the SpaceX CEO also shared his reason to support the competing and original meme coin DOGE.

“Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto,” Musk said.

Dogecoin is currently the fourth most-traded asset on leading crypto exchange Binance, accounting for only 5.12% of its total volume, and 5th largest on Coinbase with a 4.88% share.

image1

Elon’s comment has been in response to a recent survey finding that DOGE’s adoption in the US exceeds Bitcoin and Ethereum with 30.6% of crypto owners saying they own Dogecoin. This is 1.6 times the global average adoption rate of 19.2%. BTC 1.65% Bitcoin / USD BTCUSD $ 62,873.19
$1,037.411.65%
Volume 30.85 b Change $1,037.41 Open $62,873.19 Circulating 18.85 m Market Cap 1.19 t
7 h Crypto Can Eventually Replace the Dollar As “The Reserve Currency of the World,” says US Senator Rand Paul 9 h The Biden Administration Proposes Tax on Unrealized Capital Gains With ‘Build Back Better’ Plan 12 h Elon Musk Supports the “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating Binance and Coinbase
ETH 2.60% Ethereum / USD ETHUSD $ 4,225.60
$109.872.60%
Volume 15.95 b Change $109.87 Open $4,225.60 Circulating 118.08 m Market Cap 498.95 b
11 h Despite ETH Hitting A New ATH, Ethereum’s DeFi Market Share Drops by 30% in the Past Year 12 h Elon Musk Supports the “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating Binance and Coinbase 13 h CME Bitcoin Futures OI Rips to $5.70 Billion to Claim the Top Spot Over Binance

The survey by ‘Finder’ also stated that in Australia, Cardano (ADA) is the most popular crypto, while Bitcoin in Japan, ETH in Singapore, and BNB in Indonesia. The survey polled 41,645 individuals in 22 countries and found that a little over 1 in 10 (11.4%) adults own crypto globally. ADA 1.13% Cardano / USD ADAUSD $ 2.16
$0.021.13%
Volume 2.4 b Change $0.02 Open $2.16 Circulating 32.92 b Market Cap 71.14 b
12 h Elon Musk Supports the “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating Binance and Coinbase 6 d Sports Betting Platform DraftKings to Become Polygon Network Validator & Support Custom NFTs Drops in Marketplace 6 d Bitcoin Continues to Attract All the Inflows With Traders Eyeing A BTC Price Jump to $100,000
BNB 1.27% Binance Coin / USD BNBUSD $ 485.95
$6.171.27%
Volume 1.33 b Change $6.17 Open $485.95 Circulating 166.8 m Market Cap 81.06 b
12 h Elon Musk Supports the “People’s Crypto” the Original Meme Coin DOGE, But SHIB is the One Dominating Binance and Coinbase 1 w Over 160 Projects Are Launching on Terra by Early Next Year to ‘Amplify Demand for UST’ and Send it to $10 Bln, says Founder 1 w China Update: Binance, OKEx, and Gate Kicks Out CNY & Existing Users, WeChat Blocks Searches, Mining Share Goes to Zero

Musk advised people to not “bet the farm on crypto,” as the “true value is building products & providing services to your fellow human beings, not money in any form.”

Here, MicroStrategy CEO Micahel Saylor, a big Bitcoin proponent, took over to impart his knowledge of the leading trillion-dollar digital currency. He said,

“Bitcoin enhanced by Lightning can be viewed as both a product (digital property) and a service (open monetary network). The ability to transfer monetary energy through time and space without government intervention or conventional banking is enormously valuable to humanity.”

Dogecoin DOGE

$ 0.26

-0.07%

-2.61%

+7.44%

SHIBA INU SHIB

$ 0.00

-1.13%

+3.10%

+43.24%

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.





Source link

Related articles

Singapore Bank DBS Completes Fixed Income Trade on JPMorgan’s Blockchain Network Onyx

Cryptocurrency Exchange Crypto.com Receives Digital Token License from Monetary Authority of Singapore (MAS)

June 1, 2023
XRP $1 Threshold On The Horizon? Trader Fuels Speculation

XRP $1 Threshold On The Horizon? Trader Fuels Speculation

June 1, 2023
ShareTweetShareShare
Previous Post

New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

Next Post

Arca Labs Partners With Oasis Pro To Develop Blockchain Transferred Funds & Securities

Related Posts

Singapore Bank DBS Completes Fixed Income Trade on JPMorgan’s Blockchain Network Onyx

Cryptocurrency Exchange Crypto.com Receives Digital Token License from Monetary Authority of Singapore (MAS)

by J_News
June 1, 2023
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

XRP $1 Threshold On The Horizon? Trader Fuels Speculation

XRP $1 Threshold On The Horizon? Trader Fuels Speculation

by J_News
June 1, 2023
0

XRP is no stranger to volatility and the excitement it brings. However, when a prominent trader like DonAlt raises the...

Metacade price prediction for June: buy the MCADE dip

Metacade price prediction for June: buy the MCADE dip

by J_News
June 1, 2023
0

Metacade price has pulled back slightly in the past few days. The token has numerous catalysts in the coming days....

EU Takes Major Step in Crypto Regulation with MiCA Legislation

EU Takes Major Step in Crypto Regulation with MiCA Legislation

by J_News
June 1, 2023
0

Alex Dovbnya The European Union (EU) made a significant stride in cryptocurrency regulation today by officially enacting the Markets in...

FUR BALL: The Next Big Meme Coin Launches with a Bang

FUR BALL: The Next Big Meme Coin Launches with a Bang

by J_News
May 31, 2023
0

FUR BALL, the highly anticipated meme coin, is set to launch its groundbreaking project, bringing a refreshing twist to the...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Milady Meme Coin Price Prediction 2023-2030

Bitcoin Price (BTC) in Stasis Below $27K Ahead of Powell Speech

Peercoin Network Successfully Hard Forks – New Developers Hired

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT