The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Dogecoin

Dogecoin Crashes Back To Earth While Elon Musk Plays With Rockets

by Miki 06/22/2021
by Miki 06/22/2021 0 comment

The whole crypto market is down, and the Dogecoin project is one of the most affected. The community seems to be in shock. Their self-appointed leader is nowhere to be seen. The premier meme-currency has lost 70% of its value since its peak in May. Its market capitalization shredded a whopping $72B in the same period. 

Is the Doge Army going to keep holding and buying the steep dip? It seems that way. In the last few hours, the price shows signs of recovery. However, the recent red candles are a scary sight.

Related Reading | Dogecoin (DOGE) Blasts Higher in Another Nonsense Rally; What’s Next?

To be fair, so far Elon Musk hasn’t advised anyone to buy Dogecoin. He did promise to work with the developers to “improve system transaction efficiency.” Did he deliver on that?

Working with Doge devs to improve system transaction efficiency. Potentially promising.

— Elon Musk (@elonmusk) May 13, 2021

And he did say that Tesla was going to accept DOGE, and something about a DOGE-powered space mission. If you’re generous, those two can be understood as “trolling.” However, in the following tweet he seems to promise, or at least hope, that Dogecoin will  “become currency of Earth.” (sic)

For those bad at math 👆, 100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees & high volume are needed to become currency of Earth.

— Elon Musk (@elonmusk) May 16, 2021

Is the Doge Army in the right when they call Musk to help them in their time of need? Is he breaking promises by not even mentioning the cryptocurrency anymore? In fact, Elon hasn’t even mentioned any cryptocurrency project since he was called out by Anonymous. We’re not implying causality, but it’s curious. 

Just as we’re not implying causality when we say that Dogecoin’s crash began during Elon Musk’s appearance on Saturday Night Live.

The Doge Army Asks For Help, Elon Tweets About Rockets

The billionaire is a busy man, there’s no denying that. But, so far, he’s not responded to the Doge community’s cries for help. 

Falcon landing or falcon taking off its not important anymore man because we have a doge crisis OK , we have no mode to watch or track your falcon anymore seriously

— Captain Reed Ocean (@OceanReedOcean) June 22, 2021

Hey, Elon when you tweet Again with this caption THE DOGE FATHER.

I have lost 90% on my doge investment 😪 but still I love doge no matter what.

— 𝑴𝒉 𝑯𝒂𝒔𝒔𝒂𝒏 (@Hassan91251325) June 21, 2021

@elonmusk doge is way down ! Do some work

— bbc(benjamincbitu) (@BituEduard) June 21, 2021

Some people might think he’s not responsible for the sudden dip, and he owes nothing to the Doge Army. However, there’s a case to be made that he does. And we’re not the only ones who think that way. A few weeks back, Cardano’s Charles Hoskinson tried to teach Elon how to fix Dogecoin and at the end of the video said:

“Thank you truly for entering our space. And thank you truly for telling everybody that you’re going to take custody of that cryptocurrency and make sure that it gets where it needs to go. And I look forward to see the great innovations that you guys come out with in a year or two.”

DOGEUSD price chart for 06/22/2012 - TradingView

DOGE price chart on Bitfinex | Source: DOGE/USD on TradingView.com

Related Reading | How Bitcoin Could Be Affected By Powell’s Testimony Next Week, Will BTC Crash Again?

Other Dogecoin Heroes Arise 

While Musk was tweeting about rockets, Billy Markus, one of Dogecoin’s co-founders “bought dogecoin after 8 years of vowing never to buy crypto again.” Was he just buying the dip and making an investment? Or was he trying to help raise the Doge Army’s morale? Maybe a little bit of both? Interesting questions that we can’t answer at the moment. 

I bought dogecoin after 8 years of vowing never to buy crypto again, an hour ago.

I have checked the price 7 times so far since then. I was up 10% and now it’s back to up 3%.

Anyway, this seems healthy.

— Shibetoshi Nakamoto (@BillyM2k) June 22, 2021

Back to Elon, this article can’t end without remembering another one of his promises:

Only if Doge can’t do it. Big pain in the neck to create another one.

— Elon Musk (@elonmusk) May 16, 2021

With DOGE’s crash in mind, is this man thinking about releasing his own coin? He might be.

Featured Image by SpaceX on Unsplash - Charts by TradingView



Source link

Views: 0
CrashesDogecoinEarthElonMuskPlaysRockets
Share
0
FacebookTwitterPinterestEmail
previous post
Which Gold-Backed Crypto Token is Best for You?
next post
Binance Coin, Polkadot, Uniswap Price Analysis: 22 June

Related Posts

Not a Whale, Not a Representative – Dogecoin...

12/28/2021

Crypto Flipsider News – ETH Outflow at 4-Year...

12/28/2021

Shiba Inu Is the Most Viewed Crypto in...

12/28/2021

Elon Musk Tells TIME Magazine Why Dogecoin is...

12/28/2021

Susan G. Komen Organization Now Accepts BTC, ETH,...

12/27/2021

Dogecoin Co-founder Billy Marcus Reveals Today How Many...

12/27/2021

Bitcoin Has Proven Itself, Says Billionaire Ray Dalio

12/27/2021

Dogecoin Prediction for 2022, Which Crypto Might Outshine...

12/27/2021

Shiba Inu Price Prediction For 2022 By DailyCoin

12/27/2021

Dogecoin (DOGE) Foundation Is Working with Buterin in...

12/27/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan

  • Shiba Inu Token ($SHIB) Lands on South Korean Crypto Exchange, Flips Crypto.com Coin ($CRO)

  • Metamask Plans to Launch Its Own Crypto Token and Airdrop

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,379.001.91%
  • ethereumEthereum(ETH)$2,078.592.70%
  • tetherTether(USDT)$1.000.08%
  • usd-coinUSD Coin(USDC)$1.00-0.28%
  • binancecoinBNB(BNB)$300.793.25%
  • rippleXRP(XRP)$0.4324192.57%
  • cardanoCardano(ADA)$0.5810.46%
  • SolanaSolana(SOL)$55.559.71%
  • Binance USDBinance USD(BUSD)$1.00-0.06%
  • polkadotPolkadot(DOT)$11.180.62%
  • dogecoinDogecoin(DOGE)$0.0903552.59%
  • AvalancheAvalanche(AVAX)$33.943.92%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,397.002.08%
  • Lido Staked EtherLido Staked Ether(STETH)$2,046.483.42%
  • tronTRON(TRX)$0.0713051.10%
  • Shiba InuShiba Inu(SHIB)$0.0000133.09%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.01%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.1945494.33%
  • matic-networkPolygon(MATIC)$0.705.53%
  • litecoinLitecoin(LTC)$68.181.38%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.903.16%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.940.46%
  • FTX TokenFTX Token(FTT)$31.611.33%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.53-2.34%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.535.21%