🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Elon Musk’s Halloween Surprise: Will DOGE Price Retest Highs?

Published 10/12/2023, 07:01 AM
Updated 10/12/2023, 07:15 AM
Elon Musk’s Halloween Surprise: Will DOGE Price Retest Highs?
DOGE/USD
-

  • Elon Musk’s Halloween history sparks DOGE price anticipation.
  • Dogecoin holds steady above $0.055 support, hinting at a potential rally to $0.0775.
  • Twitter’s crypto venture with DOGE integration sparks market anticipation.

Last year, Elon Musk grabbed headlines with his Halloween-themed Doge photo alongside the Twitter bird. Consequently, the DOGE price skyrocketed by over 27% to a 1-year high of $0.1572 before facing resistance. This gesture, coming from his $44 billion Twitter acquisition, spurred intense speculation. Moreover, many connected the dots, hinting at a deeper bond between Twitter and Dogecoin.

DOGE/USD 1-year price chart (source: CoinStats)

However, a year has passed since then, and as Halloween approaches, crypto enthusiasts and DOGE fans are on edge as speculation looms about whether Musk might pull another Halloween card.

Twitter Payments’ New License

Significantly, after acquiring Twitter, Musk’s venture into the crypto realm seems more prominent. Moreover, on Aug. 28, Twitter Payments LLC secured a license in Rhode Island. Consequently, Musk’s X company, formerly known as …

The post Elon Musk’s Halloween Surprise: Will DOGE Price Retest Highs? appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.