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Why Is Everyone All of a Sudden Talking About Dogecoin Again – Did We Miss Something?

TL;DR

  • There’re a bunch of headlines about Dogecoin proper now…

  • For instance: Over $600M is locked in open Dogecoin Futures proper now.

  • Additionally, Elon halts Dogecoin surge by confirming his AI firm is ‘not elevating cash.’

Full Story

For no matter motive, there’re a bunch of headlines about Dogecoin proper now…

Oh effectively, so be it!

Reporting that ‘Bitcoin went up (once more)’ was beginning to really feel a bit repetitive anyway.

(Btw, Bitcoin did go up once more, it cracked/has been hovering round $44k).

Anyway, here is what you missed with Dogecoin:

  • Over $600M is locked in open Dogecoin Futures proper now.

    ‘Futures’ are agreements to both purchase or promote a inventory/cryptocurrency at a predetermined date and worth sooner or later.

    (Extra $ locked up in futures = extra basic curiosity within the asset).

    Why the renewed curiosity in Doge? Properly…

  • Doge simply turned 10, and coincidentally hit $.10c for the primary time in a yr.

    Some assume this worth bounce was the results of a rumor that Elon Musk was elevating $1B to fund his new AI firm (xAI).

    (And plenty of buyers assume that xAI will use Doge as a cost system).

    Which brings us to headline #3

  • Elon halts Dogecoin surge by confirming his AI firm is ‘not elevating cash.’

    (See above for what Doge has to do with Elon’s AI firm).

Proper-e-o! That is every thing.

Now you recognize.

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