Altcoin News by Thebittimes.Com

Source: Unsplash Dogecoin (DOGE) is in the news again after Elon Musk on Wednesday reaffirmed his bid to buy Twitter, and DOGE supporters now hope that their favorite meme coin will get the exposure they believe it deserves as a result of the deal. As always, when it comes to dogecoin, the infamous $1 price target becomes a topic, despite the fact that dogecoin has never reached that level. At its peak in May of 2021, DOGE reached as high as $0.74 before it entered a bear market that has now brought it all the way down to $0.06 – a decline of more than 90%. DOGE weekly chart. Source: TradingView.com From a shorter-term technical Analysis , DOGE now looks poised for further upside after strong bullish action brought the price through the $0.063 resistance area on Tuesday this week. Worth noting is also that the price appears to have found support to the downside around $0.050 and $0.057, with these two levels now key if DOGE is to avoid further losses. Also poi...

Elon Musk’s Twitter deal is back on the table. Just a day back, the social media giant confirmed that it received Elon Musk’s $44 billion offer, as he intends to wind up the acquisition at $54.20 per share. Read More: Elon Musk Proposes to Buy Twitter for $54.20 a Share JUST IN: Twitter confirms they received Elon Musk 's $44 billion offer and intends to close the acquisition deal at $54.20 per share. — Watcher.Guru (@WatcherGuru) October 4, 2022 While top coins have mostly posed 1-2% recoveries over the past day, DOGE is up by 7% in the same timeframe. The community has touted the said gesture to be Dogecoin ’s validation of Musk’s deal. With a market cap of $8.5 billion at press time, the largest meme token conveniently stood at #10 on the rankings chart, ahead of MATIC [$7.2 billion M.Cap] by a fair margin. Weighing in the ongoing Dogecoin trends A recent tweet by Santiment brought to light that whale transaction count (>100k)...

Elon Musk’s Twitter deal is back on the table. Just a day back, the social media giant confirmed that it received Elon Musk’s $44 billion offer, as he intends to wind up the acquisition at $54.20 per share. Read More: Elon Musk Proposes to Buy Twitter for $54.20 a Share JUST IN: Twitter confirms they received Elon Musk 's $44 billion offer and intends to close the acquisition deal at $54.20 per share. — Watcher.Guru (@WatcherGuru) October 4, 2022 While top coins have mostly posed 1-2% recoveries over the past day, DOGE is up by 7% in the same timeframe. The community has touted the said gesture to be Dogecoin ’s validation of Musk’s deal. With a market cap of $8.5 billion at press time, the largest meme token conveniently stood at #10 on the rankings chart, ahead of MATIC [$7.2 billion M.Cap] by a fair margin. Weighing in the ongoing Dogecoin trends A recent tweet by Santiment brought to light that whale transaction count (>100k)...