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Dogecoin And Elon Musk In One Animation But This Trader Suggests To Short DOGE At $0.18 To $0.20

Published 23/04/2024, 19:24
© Reuters.  Dogecoin And Elon Musk In One Animation But This Trader Suggests To Short DOGE At $0.18 To $0.20

Benzinga - by Khyathi Dalal, Benzinga Staff Writer.

Dogecoin (CRYPTO: DOGE) reported a 6% surge over the past week, prompting one analyst to hint at expected DOGE payments on X, while another suggests shorting the meme coin.

What Happened: Self-proclaimed king of memes and protector of Dogecoin, Sir Doge of the Coin, tweeted a short video featuring an animation of Elon Musk, X, and Dogecoin.

The video depicts how X has enabled Dogecoin payments and shows Tesla, X, and SpaceX in one frame, accepting Dogecoin as a mode of payment. This hints at Elon Musk’s plan to launch a peer-to-peer payment platform and transform X into an “everything app” for users globally.

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