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

TL;DR
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There’re a bunch of headlines about Dogecoin proper now…
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For instance: Over $600M is locked in open Dogecoin Futures proper now.
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Additionally, Elon halts Dogecoin surge by confirming his AI firm is ‘not elevating cash.’
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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:
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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…
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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…
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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.