Dogecoin Soars ── Traders Expect Elon Musk’s Next Move | coindesk JAPAN | Coindesk Japan

Dogecoin (DOGE) surged nearly 6% after Twitter reportedly struck a deal with eToro to offer cryptocurrency trading.

Twitter CEO Elon Musk often touts Dogecoin as his favorite cryptocurrency during an appearance on the 2021 TV show Saturday Night Live. Twitter also temporarily changed its logo to a Dogecoin logo last week, and DOGE surged 37%.

However, prior to today’s rally, DOGE was down 22.64%, partly as the Twitter logo was reverted and the hype craze subsided.

And prominent crypto twitter trader @Tree of Alpha gives his thoughts on DogecointweetedAfter that, DOGE turned upward again.

“It’s getting harder and harder not to stack Dogecoin at this price point because we are going back to completely pre-logo changes and Elon integrating trading functionality into Twitter via eToro. , that the market looks healthy, that April 20th is approaching, and that the market doesn’t look like it’s going to continue its bearish peak ($0.06).”

By the way, since eToro does not currently offer Dogecoin trading, the crypto assets available on Twitter will initially be limited to Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and IOTA (IOTA). be done.

｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: Shutterstock
｜Original: Dogecoin Surges 5.8% as Traders Anticipate Elon Musk’s Next Move