• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Dogecoin Emerges A Top Gainer Despite Musk Vs. Twitter Legal Tussle

Anifowoshe Ibrahim by Anifowoshe Ibrahim
3 weeks ago
in Dogecoin
Reading Time: 3 mins read
Advertisement

The price of Dogecoin (DOGE) has been yipping higher across cryptocurrency exchanges, nibbling at an intraday high of $0.07657 for an increase of 11% over the previous day and a 23% spike over the previous week. This unexpectedly favorable price movement underscores the fact that DOGE appears to be fully untouched by complicated legal proceedings and ambiguity surrounding the potential $44 billion acquisition of Twitter by Elon Musk earlier this year.

Dogecoin Surges

The top meme tokens registered the majority of the gains as the whole cryptocurrency market saw green readings. Dogecoin (DOGE) was among the top gainers.

The majority of altcoins saw significant increases in their market capitalisation in July, according to Santiment. It stated that there has been a significant increase in whale trades valued at $100K. The tracker stated that one of the tokens seeing these huge network transactions is DOGE.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

🐳 With many #altcoins enjoying a solid rebound to their market caps in July, we can see the amount of $100k+ valued whale transactions are beginning to rise. $DOGE, $MATIC, & $UNI are noticeably seeing rises in these large transactions on their networks. https://t.co/XYEQPr6mWG pic.twitter.com/JR97zQuqXa

— Santiment (@santimentfeed) July 19, 2022

Over the course of the previous day, more than 80K Dogecoin transactions were registered, according to MyDoge wallet. The DOGE founder had already noted a significant increase in transactions that reached 70,000. This was said to have increased by 59.49% in the previous week.

Dogecoin Whale Alert, however, pointed out that Robinhood may have transferred about 3.2 billion DOGE (worth about $218 million) to its cold storage.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Source: Santiment

Over 13% more money has been spent on Dogecoin in the last day. As of the time of publication, it is trading for an average of $0.0745. The 24-hour trading volume for DOGE, however, has increased by more than 62% to $904 million. During 22% more has been added to DOGE prices over the past 30 days. Its current market capitalization is $9.89 billion.

Dogecoin

DOGE/USD on bullish run. Source: TradingView

In the meantime, the whale tracker reported that DOGE had ranked among the top 1000 BSC whales in terms of smart contracts used over the previous 24 hours. However, just $10.6 million worth of Dogecoin is included among the top 100 whales.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Related reading | Dogecoin (DOGE) Seen Jumping This Month, Despite Twitter-Musk Deal Collapse

Musk Vs. Twitter Tussle Isn’t Affecting Price

This unexpectedly favorable price movement underscores the fact that DOGE appears to be fully untouched by complicated legal proceedings and ambiguity surrounding the potential $44 billion acquisition of Twitter by Elon Musk earlier this year.

The CEO of Tesla/SpaceX stated his desire to withdraw from the agreement two weeks ago. Musk countersued Twitter, which had filed a lawsuit to try and enforce the agreement. Following months of public debate between the parties, a Delaware judge yesterday decided that a five-day trial will be scheduled for October to resolve the issue.

Following the release of that information, Twitter’s stock price fell 2% this morning to $38.85 per share at the time of publication, according to Yahoo! Finance. According to the first release, the agreed upon price per share of Twitter stock under the definitive agreement to become a wholly-owned subsidiary of Elon Musk was $54.20, representing a 38 percent premium over the Twitter stock price on April 1, 2022.

Related reading | Dogecoin Shows Signs Of Vigor – DOGE Target Of $0.075 Within Range

Featured image from iStock Photo, charts from TradingView.com and Santiment
Tags: dogeDogecoindogeusdelon musktwitterTwitter Acquisition
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Related Posts

Dogecoin

Dogecoin Unseated From No. 10 Spot In Rankings – Can DOGE Stay Relevant?

1 day ago
Cardano

Dogecoin Price Spikes – Unsurprisingly – After This Tweet From Elon Musk

7 days ago
Dogecoin

Dogecoin (DOGE) Will Lose All Its Value, Finder’s Survey Shows

1 week ago
Dogecoin

New Milestone May Be The Kick Dogecoin Needs To Break $0.1

1 week ago
Dogecoin

Dogecoin Seen Doubling In Price, Despite Shedding 10% In Last 7 Days

2 weeks ago
Dogecoin

Dogecoin Sheds Nearly 2%, Yet Analysts Upbeat DOGE Can Breach $0.0788

2 weeks ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List Voice Street Token (VST) on August 15, 2022

August 9, 2022

LBank Exchange Will List Rare Fnd (FND) on August 9, 2022

August 9, 2022

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.