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.