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Elon Musk's Tweet Sends Dogecoin Up 4% in Minutes

Dogecoin, a popular cryptocurrency with a dog theme, experienced a 4% surge in price within minutes after Elon Musk mentioned it in a tweet. The price of DOGE reached a high of $0.72 from $0.69 on Wednesday morning, but then dropped slightly to just under $0.70.

Dogecoin's Holder Count Stagnates, Weighted Sentiment Rises as Circulation Drops

The number of Dogecoin holders has remained stagnant at around 4.89 million since May 27th, indicating a decline in investor interest. However, despite this, DOGE has seen a 13.44% increase in the last 30 days. On-chain data shows that the holder count has not negatively impacted the weighted sentiment, which has actually increased from -1.99 to -0.645, indicating a shift towards optimism. Development activity for Dogecoin has decreased and its circulation has fallen, suggesting slow upgrades on the network and a lack of recent transactions.

Dogecoin Founder Among Top Earners in Twitter's First Tranche of Ad Rewards

Twitter owner Elon Musk has started rewarding content creators on the platform, with $5 million paid out in the first tranche of ad rewards. Dogecoin creator Billy Markus was one of the top earners, receiving $37,050 and ranking as the second highest earner in the first block of payments.

Interest In Dogecoin Remains Low Despite Surge In Price

Despite a 5% increase in price over the past week, social media discussions about Dogecoin remain low, according to data from Santiment. The "social dominance" indicator, which measures the percentage of discussions related to Dogecoin among the top 100 assets by market cap, has been relatively low in recent days, currently sitting at 1.4%.

Renowned Trader Kaleo Predicts Bullish Return for Dogecoin to $0.10

July 4 (Cointime) - Renowned trader Kaleo has predicted a bullish return for Dogecoin, the meme-inspired cryptocurrency, with a potential rise to $0.10. Despite being down around 90.38% from its all-time high in May 2021, Dogecoin is holding steady and currently trading at around $0.069974. The crypto's market cap is approximately $9.85 billion, with a 24-hour trading volume nearing $442 million.

Dogecoin (DOGE) Long-Term Holders Remain Resilient Amid Price Volatility

July 4 (Cointime) - Dogecoin's price climbed 13% in just five days before dropping below $0.069 again on Monday morning. However, on-chain data suggests that the rally may not be over yet, and long-term Dogecoin holders remain resilient. The mean coin age of DOGE has increased persistently for nearly a month, indicating that investors are holding their coins for much longer.

Binance Pay now supports Dogecoin, XRP and other digital currencies for flight bookings with 3% discount

July 1 (Cointime) - Binance Pay has announced that users can now use Dogecoin, XRP, and other supported digital currencies to pay for flights with over 600 airlines worldwide through a collaboration with Alternative Airlines.

Dogecoin Technical Analysis Update: Bears Still in Control

June 29 (Cointime) - Dogecoin failed to follow Bitcoin's recent jump above $30k, as the technical and fundamental picture looks bearish. The US GDP was revised higher, suggesting further rate hikes from the Fed, which will likely push against fiat rivals in the cryptocurrency market.

Dogecoin's Price at a Crucial Juncture: Will it Break Free from Downward Pressure?

June 29 (Cointime) - Dogecoin is at a critical point in its price movement, with the potential for a substantial decline if it doesn't muster a decisive bounce at its current level. The persistent downtrend marked by a descending trendline has been undermining buyers' efforts to establish a sustained bullish recovery for nearly two months.

Dormant Dogecoin Address Containing Over 2 Million Coins Activated After Nearly a Decade, Sparking Speculation

June 27 (Cointime) - On Tuesday, a previously inactive address containing over two million Dogecoins worth $131,178 was activated, causing speculation among crypto enthusiasts.