• Elon Musk recently tweeted about Dogecoin and Shiba Inu, causing their prices to rise by 6.6% and 2.5%, respectively.
• According to the Blockchain Research Lab study, there was an average of 3 percent price surge in each of the 47 events after a tweet by Musk.
• Dogecoin’s 24-hour move has been within the ranges of $0.0832 and $0.0872, with its first retracement seen at the key resistance level of $0.09.
Impact of Elon Musk’s Tweet on Crypto Prices
Elon Musk’s tweet sent Dogecoin rising by 6.6 percent, and Shiba Inu by 2.5 percent according to a study conducted by Blockchain Research Lab on the effect of Elon Musk’s moves on crypto prices. The study found that there was a price range of about 3 percent on average for each of the 47 events after a tweet by Musk and that whenever there is an immediate and large spike in price, there is another 45-minute price spike that follows it.
Musk’s Tweet About Dogecoin
Twitter CEO Elon Musk recently came up with another tweet regarding Dogecoin which caused a fair increase in its price over the last 24 hours. He posted „High time I confessed I let the Doge out“ along with an image which had the inscription „It was me, I let the dogs out“. This statement is believed to be an apparent joke but it shows his interest in the meme coin as he followed it up with another tweet asking people to „Fact check him @CommunityNotes“.
Dogecoin’s 24-Hour Move
Dogecoin responded positively to this tweet as its price rose sharply by 6.6%. Interestingly, Shiba Inu also surged marginally because of Musk’s mention of „dogs“ in plural form in his follow-up tweet. From its 24-hour price data, it can be realized that even though Dogecoin responded positively to this news, its first retracement was seen at its key resistance level which is $0.09 per coin currently holding around $0.0872 per coin at press time..
New Twitter Feature?
Before Elon’s tweets about Dogecoin, Community Notes posted that they have started giving users heads up if a Community Note starts showing on any Tweet they have replied to or liked or retweeted from now onward so as to give more context those who would otherwise miss them out due to various reasons such as not being able follow updates regularly etcetera. Some investors believe that this new feature introduction might have prompted Elon Musk’s interest towards meme coins like DOGE & SHIB via his jokes which led him to post those tweets eventually increasing their respective token values significantly over short periods following these tweets‘ publication & circulation among crypto community members & observers alike..
In conclusion, It can be observed that despite all odds against meme coins like DOGE & SHIB , They seem unaffected when coming across potential catalysts such as tweets from influential figures like Tesla CEO – Elon musk himself , And thereby proving themselves worthy investments for long term holders & short term traders alike .
• Venom Foundation and Hub71 Partner to Accelerate Growth and Adoption of Blockchain Technologies from Abu Dhabi
• The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond.
• Startups will be able to benefit from the use of the Venom blockchain to successfully transition from Web2 to Web3.
Partnership between Venom Foundation & Hub71
Venom Foundation, licensed by Abu Dhabi Global Market (ADGM), has joined forces with Hub71, a tech ecosystem in Abu Dhabi, to provide startups with enterprise-grade solutions and make it easier for businesses to adopt blockchain technologies. Their collaboration aims at promoting growth & adoption of blockchain in MENA region.
Objectives & Benefits for Startups
Venom Foundation is committed to raising standards for incubation, acceleration, & grant programs by deploying its experience in venture capital, technology & venture building. Startups can gain access to Digital Assets specialist ecosystem provided by Hub71+ where they can engage with leading Web3 entities as well as benefit from value-add programs & incentives offered by Hub71.
Transitioning From Web 2 To Web 3
The partnership also offers startups an opportunity to successfully move from Web 2 platform to Web 3 using Venom’s blockchain technology. They will be able to collaborate with a wide range of partners through the specialist ecosystem provided by Hub 71+.
Iceberg Capital’s Role
The agreement was brought together by Iceberg Capital which is a regulated investment manager based in ADGM that is willing to leverage network & expertise for assisting both parties achieve their common objectives.
Comments By Both Parties
Peter Knez, Chairman of foundation council at Venom Foundation commented that collaboration is important for unlocking full potentials of emerging technologies while Elodie Robin Guillerm (Head of Growth & Strategy at Hub 71) expressed her excitement about teaming up with Venon Foundation.
• GALA (GALA) and Dogecoin (DOGE) have recently seen positive price action.
• RenQ Finance (RENQ), a decentralized finance platform, is offering a presale opportunity for investors.
• Dogecoin (DOGE) is an official currency of dogecoin and Gala (GALA) is a utility token that may be used as payment in the Gala Games ecosystem.
Positive Price Action of GALA & DOGE
The world of cryptocurrencies is constantly evolving and two cryptocurrencies, GALA (GALA) and Dogecoin (DOGE), have seen positive price action, indicating growth and investor interest.
RenQ Finance Presale Opportunity
RenQ Finance (RENQ), a decentralized finance platform, offers an exciting investment opportunity with its presale. The platform focuses on providing a variety of financial services to its users, making it set for success.
Dogecoin was first developed as a parody of other cryptocurrency ideas that were being introduced at the time. It has since become popular with supporters who use it to transmit value over the internet or to raise money for charity causes. There was no public sale or „premine“ tokens before the token’s introduction – instead, anyone who had access to technology could start mining doge immediately with a cap on total amount of coins set at 100 billion.
Gala token was created on Ethereum blockchain and may be used as payment in the Gala Games ecosystem – a play-to-earn platform which allows its users to manage the network, get awards, and purchase non-fungible tokens (NFT). This makes Gala distinct from other gaming ecosystems as it provides more features than just gaming experience.
Both GALA and Dogecoin are worth keeping an eye on but RenQ Finance’s presale offer is not something you want to miss out on if you’re looking for investment opportunities in crypto space.
• LBank Exchange will list Fief (FIEF) on February 8th, 2023
• Fief Protocol is a decentralized application layer above the Fiefverse, an open-world voxel RPG
• The native token of Fief Protocol, FIEF, will be listed to further expand its global reach and help it achieve its vision
LBank Exchange Listing
LBank Exchange is a global digital asset trading platform that will list Fief (FIEF) on February 8th, 2023. The FIEF/USDT trading pair will be officially available for trading at 6:00 UTC on that day.
About Fief Protocol
Fief Protocol features a suite of decentralized applications (dapps) specifically tailored for NFT gaming and the metaverse. With a focus on user experience, these dapps allow players to seamlessly trade or earn rewards with in-game assets found in their wallets. Additionally, Influence Points (IP), a non-transferrable currency inspired by in-game currencies from web2 games, are used to add an additional gating and reward mechanism into the dapps which helps attract users and liquidity while maintaining sustainable alignment with the Fief economy. This IP is earned through playing mini-games such as Wave Defense or purchasing items from the Fief Shop. In addition to this, there are plans to launch two more apps – Fief Chat and Loot Farms – in coming weeks.
About the Native Token
The native token of Fief Protocol is called ‘FIEF’ and it serves as a utility token within the platform. It can be used by users to purchase items within the game or take part in activities such as staking or farming IPs. By listing it on LBank Exchange on February 8th, 2023 it aims to further expand its reach globally and achieve its vision of becoming one of the leading providers of blockchain gaming experiences worldwide.
In conclusion, LBank Exchange has announced their decision to list ‚FIEF‘ – the native token of decentralized application layer ‚Fief Protocol‘ – on February 8th which will provide users access to various activities within their platform such as staking or farming IPs among other things. This listing aims at helping them further expand their reach globally so they can continue achieving their vision for blockchain gaming experiences worldwide!