Elon Musk may soon step down as CEO of Twitter dogecoin Price action on Monday, the news is not going well. DogeThe token that meme-inspired the decentralized dog dog coin The blockchain payments network was down just shy of 2.0% on Monday near $0.077 and is eyeing a retest of last Friday’s low in the $0.074 area. The price prediction for the cryptocurrency remains to the downside, with DOGE currently down nearly 30% on the month.
Traders are eyeing a November double bottom low in the $0.07 area, which coincides with the key 78.6% Fibonacci retracement level of the move back from the November high near $0.16 to the yearly low of $0.05. has gone. DOGE pumped back up from late October to early November in hopes that Musk might implement Dogecoin into a future Twitter payment system.
Price Prediction – Where’s Next for DOGE?
If Musk steps down as CEO of Twitter, it does not mean that his influence on the company is over. He would still own it. In this regard, the Dogecoin community still does not lose hope that their cryptocurrency may become a part of the Twitter Payments ecosystem in the future. But no such expectation is evident in DOGE’s price action on Monday, with the cryptocurrency threatening to break below support in the $0.07 area, which could trigger a decline to the $0.055-$0.068ish range that it has been sporting throughout September. I was in and most of October.
But looking at DOGE over a longer time horizon, things don’t look so bad. During the rally in late October, Dogecoin broke above a major long-term downtrend. Dogecoin bulls will be hoping that if there is a short-term drop back to the $0.05 area, it could form a long-term bottom before making a push back to record highs in 2023.
Musk will step down as CEO of Twitter
Over the weekend, Elon Musk asked Twitter via a poll whether he should step down as head of the social media company. “I will follow the results of this poll”, he said. The poll closed with 57.5% of the votes saying yes and 42.5% saying no.
Musk has a history of following the results of important Twitter polls, such as one when he asked whether he should sell $10 billion in Tesla stock and another when he asked whether he should buy Twitter. This suggests that Musk will soon leave the post of CEO of the company. Some Twitter users speculated that Musk already had a replacement in mind and was already planning to quit.
Tesla, of which Elon Musk is also CEO, has seen its share price slide in recent weeks after Musk defused fears of a Twitter acquisition. Shares of TSLA were up 3.0% in early Monday trading on optimism that Musk’s resignation would mean a greater focus on the electric carmaker, but shares have since given back most of these gains.
Musk’s recent Twitter controversy
Musk’s recent actions as CEO of Twitter have attracted significant criticism and criticism in recent days and Twitter users may have something to do with his decision to choose whether he should continue as CEO. needed. A few days ago, a series of journalists were banned from the platform for allegedly violating a new Twitter anti-doxing policy after sharing the whereabouts of Musk’s private jet.
After facing heavy criticism over the move, Musk reinstated journalists After asking Twitter users through a poll whether he should be reinstated or not. Meanwhile, there has been a lot of criticism regarding a move by Kasturi. Restrict users from promoting competing platforms Like Facebook, Instagram and Mastodon.
Altcoins giving quick returns
The cryptocurrency has been trading sideways for a few weeks, prompting some traders to look for options with higher potential in the short term. Listed below are some of the major pre-sales in the market, allowing investors to get in in on the ground floor.
FightOut (FGHT) – Presale Launch
FightOut, a brand new move-to-earn (M2E) fitness application and gym chain that wants to bring the fitness lifestyle to Web3, has started its pre-sales and investors feel the project will complement the current Web3 M2E landscape. may change. Existing M2E applications such as StepN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity. is, and it is not required. No costly buy-in to participate.
FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with over $2.15 million already in pre-sale in just a few days Have gathered FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at deeply discounted rates and the sale recently exceeded $10.18 million. The pre-sale dashboard is going to be released soon, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in about a month.
Calvaria (RIA) – Final pre-sale phase now
Major blockchain-based games such as Axis Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an emerging play-to-earn battle card crypto game, could be a good option. Calvaria seeks to promote crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA Token Pre-Sale. Calvaria has now raised $2.49 million, following a $97.5K purchase from a crypto whale earlier this month. Pre-sale is in final stage, only 20% tokens are left.
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