Elon Musk has requested the Dogecoin community to publish ideas for the development of DOGEIdeas will also be submitted by the use of the r/Dogecoin subreddit or in the course of the @dogecoin_devs Twitter handleWhen requested why he prefers Dogecoin over different outstanding tasks, Elon Musk replied that DOGE has canines and memesDogecoin maintains to defend the $0.32 value area with $0.35 being its brief-time period resistance
The CEO of Tesla and the unofficial CEO of DOGE, Elon Musk, has asked the Dogecoin neighborhood to post ideas for the further development of the meme-coin. Mr. Musk went directly to give an explanation for that concepts from the neighborhood, can be submitted in the course of the r/Dogecoin subreddit discussion board or through tagging the @dogecoin_devs Twitter handle.
Elon Musk made the request for the submission of development ideas to enhance the Dogecoin mission, through the following tweet.
If you’d like to lend a hand increase Doge, please publish concepts on GitHub & https://t.co/liAPQMFaQB @dogecoin_devs
— Elon Musk (@elonmusk) May 24, 2021
Dogecoin has dogs and Memes, Different Crypto Initiatives Do Not
In a response to the above Tweet, crypto community member Dave Lee asked Elon Musk why he most well-liked Dogecoin over different professional initiatives comparable to Ethereum, Cardano, Solana, Polkadot and IOTA. Mr. Musk responded by means of declaring that Dogecoin had ‘dogs and memes, while the others don’t’.
A screenshot of the Twitter conversation can be found below.
Dogecoin Unearths Forged Toughen at the 50-day Moving Average
With respect to worth action, Dogecoin is currently protecting the $0.32 value space that still coincides with the 50-day transferring moderate (white) as noticed in the chart underneath. that is after the meme-coin dropped to a neighborhood low of $0.247 this previous Sunday, potentially printing a double backside with Wednesday’s low of $0.2111.
If the double bottom performs out, Dogecoin could be on a path in opposition to retesting the $0.50 worth space among nowadays, and the first few weeks of June.
However, as with all altcoins, Dogecoin’s long term in the crypto markets is tied to that of Bitcoin as witnessed through the final two dips discussed above. The pullbacks to the low $0.20s have been a results of BTC dipping to $30k and $31,111 respectively.
Therefore, Bitcoin needs to provide a strong market atmosphere for Dogecoin to have a possibility at regaining a number of strengthen zones towards $0.50 starting with $0.35.