Dogecoin tokens rose 10% on Monday. Tesla CEO Elon Musk has revealed that he owns a 9.2% stake in social media company Twitter, valued at approximately $2.88 billion. According to the data, DOGE jumped from $0.143 to $0.156, precisely a few minutes after Musk’s announcement. Shiba Inu increased by 5% in parallel with the move to DOGE. Musk owns more than 73.5 million shares of Twitter.
Elon is one of the most prominent supporters of cryptocurrency. His electric car company Tesla reportedly traded more than $2 billion worth of bitcoins by the end of 2021. Tesla has additionally started accepting Bitcoin for its cars in 2021. However, he later completed the project, citing climate problems. Tesla also accepts DOGE payments at an online merchandise store. The news had previously sent DOGE prices up 11% in January.
According to the founder of Quantum Economics, cryptocurrencies are not companies. There is no income sheet or anything like that here. It’s network power. And when there is agitation, the network suddenly gets stronger because there is more attention. This primarily increases the demand, which adds to the price. There is also an indirect connection that can be established. If Elon Musk is somehow driving the car about communications, he will use any opportunity, and DOGE will move forward.
Elon Musk and Twitter
Although there is no direct link between Elon Musk and the Twitter deal with DOGE memecoin, The increase testifies to a close-knit relationship. Dogecoin will gain a lot shorter if Musk uses Twitter to further popularize the coin, as it did, albeit this time, without the terrible fear of restriction. If the buying momentum persists, Dogecoin could shortly break the $0.2 resistance.
Musk has previously supported the development and adoption of Dogecoin. Last May, he wrote on Twitter that he worked with dogecoin developers to improve system efficiency. This increased the price of Dogecoin by 22%. Then in June, Elon tweeted that it was essential to support a proposal to cut Dogecoin taxes; This would make the currency even more competitive than other cryptocurrencies.
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They are offering so many things for free even trading education but most of the modules are outdated. Services are fair but never good and not so much effective in getting profit.
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Poor services
Poor services and weak broker advise. I am not impressed with these broker services and I’ve got no reasons for keeping them.
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Poor trading software
I lost connectivity every time I am using their trading software. I reported the issue and they insisted that it is my internet connection but other apps are fine. So I am sure that there is really a problem with their trading software.
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Rude customer service
Rude customer service. It is very disappointing talking to them. Aside from they do not know what to do, they are very rude.
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Do not allow withdrawals
They do not allow withdrawal of funds. Will hunt all possible reasons to block withdrawals.
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Worst services
Slow withdrawals and the worst customer service I have ever used. I will never trade with them again.
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Slow withdrawals
Since the day I started trading with this broker, the problem I had to face is slow withdrawals.
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Expensive
Huge price difference compares to other brokers. They have the most expensive per lot price and they keep on increasing their prices.
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Almost realtime withdrawals
Services are amazing and trading terms are fair. The best part, withdrawal is almost real-time. Good job.
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Good brokers
They are good forex brokers. Signals are accurate and good. The only thing I do not like is their slow withdrawals.
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