Skip to main content

Biggest Movers: DOGE up by Over 17% as Elon Musk Comments on Twitter Takeover

Dogecoin rose by as much as 17% on Thursday, as Tesla CEO Elon Musk moved closer to completing a takeover of Twitter. Musk has been a public supporter of the meme coin in recent years, with some suggesting that it could be added as a payment method on the social media platform. Cosmos also traded higher, climbing by 8% today.

Dogecoin (DOGE)

Dogecoin (DOGE) was once again in the green on Thursday, as the token rose by as much as 17% in today’s session.

The surge in price comes as long-term supporter of the meme coin Elon Musk moved closer to completing his takeover of Twitter.

In a statement released earlier today, Musk stated that “The reason I acquired Twitter is because it is important for the future of civilization.”

DOGE/USD raced to an intraday peak of $0.08028 on the news, which comes a day after trading at a low of $0.0668.

The meme coin is now trading at its highest point since August 17, with the relative strength index (RSI) also tracking at long-term highs.

As of writing, the index is tracking at 78.59, which is its strongest point since August 2021.

Cosmos (ATOM)

Another notable mover in today’s session was cosmos (ATOM), which rallied by nearly 8% on Thursday.

Less than 24 hours after hitting a low of $12.19, ATOM/USD was exactly $1.00 higher in today’s session.

Today’s surge saw cosmos climb for a third straight session, hitting a seventeen-day high in the process.

Looking at the chart, the RSI also moved higher, climbing to a top of 56.00, which is below a ceiling of 58.80.

This is the strongest point that price strength has hit since September 19, with moving averages also trending upwards.

Many expect a crossover between the 10-day (red), and 25-day (blue) moving averages to occur in the coming days, which could push prices even higher.

Register your email here to get weekly price analysis updates sent to your inbox:

What is the highest point you believe cosmos will hit this week? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/HtMK0Rz
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...
41 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more