{"id":28345,"date":"2022-05-30T04:46:49","date_gmt":"2022-05-30T04:46:49","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=28345"},"modified":"2022-05-30T04:46:50","modified_gmt":"2022-05-30T04:46:50","slug":"news-commentary-1689-roboticsonline-elon-musk-and-dogecoin","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=28345","title":{"rendered":"News Commentary #1,689 \u2013 RoboticsOnline | Elon Musk And Dogecoin..?"},"content":{"rendered":"<p>Below you will be able to read some interesting stuff about Elon Musk and one of his (as it seems) favorite crypto coins &#8211; Dogecoin. This info was announced by <a href=\"https:\/\/emilynews.com\/link.php?id=1444\" target=\"_blank\" rel=\"noreferrer noopener\">RoboticsOnline<\/a>\u00a0(reviewed\u00a0<a href=\"https:\/\/emilynews.com\/blog\/?p=15960\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>) platform just a bit more than a week ago, however it remains actual currently for many investors around.<\/p>\n<p>Let&#8217;s check it:<\/p>\n<blockquote><p><img decoding=\"async\" class=\"img-fluid mb-5 d-block mx-auto\" src=\"https:\/\/imgur.com\/B73z1fl.jpg\" alt=\"\" \/><\/p>\n<h2>Elon Musk says Dogecoin has the potential to be the world\u2019s currency<\/h2>\n<div class=\"col-md-9\">\n<ul>\n<li>Elon Musk has said that Dogecoin has the potential to be a <strong>currency<\/strong><\/li>\n<li>Despite the praise, Dogecoin <strong>failed<\/strong> to make any significant gains<\/li>\n<li>Dogecoin remains <strong>one of the worst-performing<\/strong> tokens in the top 15<\/li>\n<\/ul>\n<p>Tesla\u2019s CEO, Elon Musk, has been a proponent of Bitcoin, and he has continued to support the memecoin despite the recession happening across the market. Dogecoin has recorded a significant dip in prices, with its value dipping below $0.10 following the recent selloff across the market.<\/p>\n<h2>Elon Musk says DOGE can be used as a currency<\/h2>\n<p>Elon Musk endorses Dogecoin in his businesses, including Tesla, where the memecoin is used to buy merchandise. Musk has also referred to Dogecoin as the <b><i>\u201cpeople\u2019s crypto\u201d<\/i><\/b>, adding that he has personal DOGE investments.<\/p>\n<p>Musk\u2019s endorsement of Dogecoin has triggered notable gains for the memecoin in the past. In May last year, Musk attributed Dogecoin&#8217;s rally to a new all-time high after the Tesla CEO promoted the memecoin during the Saturday Night Live show.<\/p>\n<p>Musk posted a recent tweet saying that Dogecoin had the potential to be used as a currency. Whenever Musk tweets about this memecoin, the prices record notable gains. However, his recent endorsement did not affect DOGE\u2019s prices, as the price stagnated at current levels.<\/p>\n<p>DOGE has failed to recover its losses over the past year. The memecoin is one of the worst-performing tokens among the top 15 cryptocurrencies by market cap. DOGE is currently sitting at 80% below its all-time high created in May last year. The recent recession across the market has only triggered a further bearish sentiment for the coin.<\/p>\n<p>Despite Musk being unable to raise the value of Dogecoin, the memecoin has remained a top choice for people, and it still enjoys massive support. However, a rally to an ATH seems less likely with the memecoin hype dying down and the market witnessing a recession.<\/p>\n<p>Simon Peters, a market analyst at eToro, said, <i>\u201cwhile it will take more than Elon Musk to shift Dogecoin from its current position to a viable digital currency, adoption is underway with his firm beginning to accept the crypto asset for certain memorabilia products. Musk has also suggested Twitter could accept payments in Dogecoin and also that he will work to combat crypto scams and other issues on the Twitter platform, which could be a boon for the sector.\u201d<\/i><\/p>\n<h2>The collapse of the crypto market<\/h2>\n<p>The cryptocurrency market witnessed a massive crash triggered by the collapse of Terra LUNA and the UST stablecoin. Billions of dollars were liquidated from the market due to selloffs, as the market erased all the gains made in 2021. While there has been a slight recovery, none of the popular tokens is back to trading at previous highs.<\/p>\n<p>Last week, Bitcoin dropped to below $27k, which triggered market panic, and most altcoins followed the downtrend, dipping to notable lows. While retail traders are still making up a significant size of the crypto trading volumes, institutional investors have now flocked the market. This has created a debate that the current bear market could be different from the ones witnessed in the past.<\/p><\/div>\n<\/blockquote>\n<p>Check <a href=\"http:\/\/emilynews.com\/blog\/\"><span style=\"background: #FDFBAC; padding: 1px 4px;\">other news for today<\/span><\/a> and Please stand by..<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" sizes=\"auto, (max-width: 544px) 100vw, 544px\" srcset=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg 544w, https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1-272x300.jpg 272w\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Below you will be able to read some interesting stuff about Elon Musk and one of his (as it seems) favorite crypto coins &#8211; Dogecoin. This info was announced by RoboticsOnline\u00a0(reviewed\u00a0here) platform just a bit &hellip; <a title=\"News Commentary #1,689 \u2013 RoboticsOnline | Elon Musk And Dogecoin..?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=28345\"><span class=\"screen-reader-text\">News Commentary #1,689 \u2013 RoboticsOnline | Elon Musk And Dogecoin..?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":24181,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[5464,5476,5503,5502,5479,5465,5470,5468,5469,5471,5478,5467,5477,5466,5759],"class_list":["post-28345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-https-www-robotics-online-r-emilynews","tag-roboticsonline","tag-roboticsonline-btc","tag-roboticsonline-crypto-invest","tag-roboticsonline-crypto-money","tag-roboticsonline-hyip","tag-roboticsonline-hyip-information","tag-roboticsonline-hyip-news","tag-roboticsonline-hyip-updates","tag-roboticsonline-hyips","tag-roboticsonline-interview","tag-roboticsonline-investment-program","tag-roboticsonline-review","tag-roboticsonline-scam-or-paying","tag-roboticsonlineroboticsonline","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,689 \u2013 RoboticsOnline | Elon Musk And Dogecoin..? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=28345\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,689 \u2013 RoboticsOnline | Elon Musk And Dogecoin..? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Below you will be able to read some interesting stuff about Elon Musk and one of his (as it seems) favorite crypto coins &#8211; Dogecoin. 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