• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

EU Sets Sights on Active Role in Virtual World Creation

2023-11-29

Samsung Smart Glasses Set to Rival Apple in the XR Martket

2023-11-26

The Metaverse: A New Route for Porsche?

2023-11-24
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Shocking Crypto Participation Report On Fortune 100 Companies

    2023-06-22

    Bitcoin, Ethereum Retraces After The BOE’s 50 Bps Rate Hike, US Fed Powell Testimony

    2023-06-22

    Crypto Liquidation Hits $216 Million As Bitcoin Leap Towards $31K

    2023-06-22

    When BlackRock Bitcoin ETF? Detailed Timeline And Implications

    2023-06-22

    Bitcoin Price Pumps To $30,000 Amid Renewed Bullish Sentiment As Wall Street Embraces Crypto

    2023-06-22
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Magic Eden Launches New Diamond Rewards, Here Are 3 Easy Ways To Earn Them

    2023-03-30

    Magic Eden’s New Bitcoin NFT Marketplace Dominates Ordinals Market

    2023-03-30

    Pace Gallery Holds First Web3 Solo Exhibit Featuring Tyler Hobbs

    2023-03-30

    10 Best NFTs to Buy Right Now — The Top NFT Collections

    2023-03-30

    Unstoppable Domains Launches AI-Generated Avatars

    2023-03-30
  • Metaverse

    EU Sets Sights on Active Role in Virtual World Creation

    2023-11-29

    Samsung Smart Glasses Set to Rival Apple in the XR Martket

    2023-11-26

    The Metaverse: A New Route for Porsche?

    2023-11-24

    Experience ‘Rebirth’ at the 2023 Decentraland Music Festival

    2023-11-16

    ZEP-Near Partnership: Boosting Metaverse Platform Development

    2023-11-13
  • Analysis

    Whales Abruptly Move Over $850,000,000 in Bitcoin in Just 24 Hours – Here’s Where the Crypto is Going

    2023-04-16

    Trader Who Accurately Predicted 2023 Crypto Rally Unveils Full-Bull Scenario for Bitcoin – But There’s a Big Catch

    2023-04-16

    Crypto Trader Says Ethereum Altcoin That’s Exploded 190% This Year Is About To Hit New All-Time High

    2023-04-15

    Analyst Nicholas Merten Goes Short on Bitcoin (BTC) As ‘Over Exuberance’ Spreads in Crypto Markets

    2023-04-15

    Blockchain Association Shows Support for Banned Tornado Cash in New Amicus Brief Filing

    2023-04-15
  • Learn

    Is Bitcoin Halal? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Ordinals (ORDI) Price Prediction – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Best GPUs for Mining Crypto in 2023. Overview of The Top Graphics Cards

    2023-11-17

    A Detailed Exploration – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-07

    Market capitalization overview and explanation of its main factors

    2023-10-31
  • Market Cap
The Crypto News Insider
Home»Altcoins»Dogecoin Falls After Musk-Twitter Deal Fails, Will It Weaken Further?
Altcoins

Dogecoin Falls After Musk-Twitter Deal Fails, Will It Weaken Further?

2022-07-09No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Dogecoin (DOGE) tumbled on Saturday because the implosion of Elon Musk’s Twitter buyout dashed prospects for the memecoin’s mainstream adoption.

DOGE tumbled over 4% after the information, and is now buying and selling round $0.069. The token seems to be displaying extra muted reactions to Musk’s bulletins in current weeks.

Musk referred to as off the deal late on Friday by a letter sent by his lawyer to Twitter. The world’s richest man had earlier this 12 months provided to purchase Twitter for about $43 billion.

In his letter to Twitter, Musk cited an absence of disclosure from Twitter in its evaluation of spam and faux accounts on the platform. The Tesla CEO had paused the Twitter deal in Might over the identical considerations.

No Dogecoin integration into Twitter?

The world’s largest memecoin had rallied considerably on the preliminary announcement of the deal, after Musk teased a possible integration of Dogecoin into Twitter.

Musk had been a vocal proponent of the memecoin even earlier than the deal, and is essentially tied to the token’s rise in reputation.

However this impact could also be waning. A current announcement from Musk’s Boring Firm about accepting Dogecoin for a few of its merchandise had a restricted affect on the token.

The memecoin had rallied 27% when Twitter’s board accepted Musk’s deal. But it surely has since sharply capitulated these features.

DOGE is at the moment buying and selling down about 59% for the 12 months.

Twitter deal falls by, what occurs subsequent?

Dogecoin isn’t the one asset impacted by the cancellation of the Twitter deal. Twitter shares plummeted in aftermarket buying and selling on Friday.

See also  Cardano (ADA) Sees Big Drop In Interest, But Is Likely Primed For A Rally

Twitter may now pursue authorized motion towards Musk to observe by on the deal, which may lead to a protracted authorized battle between the 2.

This might have a destructive affect on Dogecoin costs, on condition that Musk is main supporter of the token. A separate lawsuit towards Musk over alleged fraud involving the forex may even have a destructive affect on the token.

Source link

Deal Dogecoin fails Falls MuskTwitter Weaken
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin (BTC) Falls Below Key Support Level Following Binance Crackdown Bombshell

2023-06-05

Bitcoin, Ethereum Recover On Debt Ceiling Deal, US Fed Pause, Easing Jobs Market

2023-06-02

Bitcoin Rally Kickstarts Over Debt Ceiling Deal Confirmation News

2023-05-27

Biden-McCarthy Debt Ceiling Deal To Finalize Today; PCE Inflation Rises To 4.7%

2023-05-26
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Why This Bitcoin Indicator Points To Bullish Double Bottom

2022-10-29

NFT whale down millions after farming Blur tokens with Bored Apes

2023-03-27

The Bitcoin artists on minting NFTs and OpenSea

2022-08-06

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

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, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

EU Sets Sights on Active Role in Virtual World Creation

2023-11-29

Samsung Smart Glasses Set to Rival Apple in the XR Martket

2023-11-26

The Metaverse: A New Route for Porsche?

2023-11-24
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.49-4.32%
  • bitcoinBitcoin(BTC)$37,742.00-0.08%
  • ethereumEthereum(ETH)$2,039.030.32%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$227.440.02%
  • rippleXRP(XRP)$0.60-0.77%
  • solanaSolana(SOL)$59.34-0.83%
  • usd-coinUSDC(USDC)$1.000.02%
  • staked-etherLido Staked Ether(STETH)$2,038.300.40%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}