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Up 131% In One Week DOGE Could Bring Doom To Crypto Rally

After an impressive overnight rally, Dogecoin (DOGE) crossed the $0.50 and smashed every resistance towards new all-time highs. The so-called meme cryptocurrency has surpassed the market cap of giant corporations in traditional finance, some have begun to question the existence of “the people’s coin”. Trader MeanHash, a Dogecoin holder, believes the cryptocurrency has the potential to ruin the crypto industry. This idea has divided the crypto space into two sides, those that defend what Dogecoin represents and the others, that most view it as a speculative asset and have called for its ban. MeanHash said: DOGE might actually ruin crypto. Wouldn’t that be a fitting end to all of this? The meme coin destroys trust in the entire ecosystem. The higher it goes the more concerned I am about it all falling apart.

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Are Investors Fleeing Cult Stocks Like Tesla For Dogecoin Or Is This A Glitch In The Simulation?

The Dogecoin Rally Tesla (NASDAQ:TSLA) and Dogecoin (CRYPTO:DOGE) this year tell us about the current, bizarre market environment? Consider a few points. To begin with, there s Elon Musk s involvement with both, as CEO/ Technoking of Tesla and pumper of Dogecoin. Late Tuesday night, Elon Musk to a break from his responsibilities as Tesla Technoking, CEO/CTO of SpaceX, and Saturday Night Live guest host to listen in to a Twitter Spaces conversation about Dogecoin. The next day, Dogecoin surpassed Bitcoin (CRYPTO:BTC) as the most heavily traded crypto coin, with $19.4 billion of it trading over the previous 24 hours.

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Dogecoin: Doge Jumps Ahead of Elon Musk s SNL Appearance

Dogecoin: Doge Jumps Ahead of Elon Musk s SNL Appearance 2021-05-05 18:33:00 James Stanley, Senior Strategist Dogecoin Price Analysis: Dogecoin continues to show massive price appreciation with some pointing fingers at Elon Musk’s upcoming appearance on Saturday Night Live as a possible reason. Musk has been instrumental in driving recognition for the cryptocurrency, which was initially created as a joke and, even to this day, is often referred to as a ‘meme coin.’ Musk has pointed out the outlandish nature of staying in USD cash in a backdrop of negative real rates, and this drives some pretty intense speculation as investors seek out yield/return.

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Tesla Made More Money On Bitcoins Than By Selling Cars: Here s What Happened

Tesla Made More Money On Bitcoins Than By Selling Cars: Here s What Happened
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Tesla to start selling solar roof only with Powerwall battery

Tesla to start selling solar roof only with Powerwall battery
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