Dogecoin Newsmemecoin Dogecoin DOGE had finally reached the $0.1 mark for the first time in three months. After dropping from a 14-cent high because of the FTX contagion in November 2022, Doge failed to hit the brand. The psychological barrier of 1 cent is important in the current scenario, as regulators become increasingly skeptical of the crypto mark after the FTX collapse. It is also encouraging since memecoins are currently leading the price increase in the market, as bitcoin (btc) goes through the earnings correction.
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As of writing, Dogecoin (DOGE) price stands at $0.10, up 6.22% in the last 24 hours, according to CoinGape price tracker. The Doge community is getting more and more bullish than the same corner has come up to 0.099. During this time, the price of shiba inu (shib), rival of the doges, exploded on Saturday. This may be in preparation for the forthcoming launch of the shibarium upgrade. At the time of writing, the price of shib has risen by 23% over the last 24 hours to $1.54.
The letter carrier Elon Musk.
An underlying trend among traders in the same corner is Elon Musk's recent announcement in his plan to revolutionize the Twitter checkout space. The Doge community was for a long time optimistic about crypto payments on the social media platform. On Friday, Musk tweeted saying Twitter was initiating a new ad revenue model that would benefit creators who already subscribed to the Twitter Blue Verified program. However, it remains unclear how much time it would take Twitter to introduce crypto payments, given the current regulatory environment.
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