• Media Mogul Rupert Murdoch and Elon Musk sparked Dogecoin (DOGE) discussion at Super Bowl.
• Dogecoin price bounced back from $0.1 after the January crypto relief rally.
• Over $2.39 million has been liquidated from the Dogecoin market according to the latest update from Coinglass.
Rupert Murdoch and Elon Musk Spark Dogecoin (DOGE) Discussion at Super Bowl
The Dogecoin community was delighted following Elon Musk’s unexpected support during this year’s Super Bowl over the weekend. The tech billionaire was wearing a Dogecoin-themed t-shirt and was spotted sitting next to media mogul Rupert Murdoch, owner of the Fox empire which broadcasted this year’s game. After being asked about what was discussed between them, Musk implied that Dogecoin was a topic of conversation.
Dogecoin Price Analysis & Market Outlook
Dogecoin price bounced back from $0.1 after the January crypto relief rally, with its global user base now standing at 5,145,693 people. Bulls are likely to take over from current prices of around $0.0832, with possibilities of more consolidation in coming weeks as it continues to give a neutral outlook on prices. According to updates by Coinglass, over $2.39 million have been liquidated from the Dogecoin market so far.
50 & 200 MA Just Turned Out To Be Supported
On its daily time frame, both 50 and 200 Moving Averages (MA) just turned out to be supported despite Bitcoin’s death cross last week; if Dogecoin follows Baby Doge in price action then it is likely to rally beyond $0.155 in order for it to fully invalidate 2022 bear market conditions overall.
Twitter Working On Payment Feature For Cryptocurrencies?
Musk has also been pushing for different organizations such as McDonalds to accept payment via DOGEcoins; Twitter is already believed to be working on a payment feature that could potentially make DOGEcoins one of its top priorities once ready for launch soon enough as well!
Conclusion – The Future Of DogeCoin Is Bright
All things considered – with massive influencers such as Rupert Murdoch and Elon Musk now involved in discussing the future of cryptocurrencies such as DogeCoin – it looks like there will only be brighter days ahead for this meme-based coin!