Dogecoin's price has dropped by 1% to $0.072064 in the last 24 hours, which can be attributed to the overall cryptocurrency market's 1.5% decline. However, the coin's trading volume has increased to over $250 million, indicating a possible recovery. Despite whales selling DOGE, its support level is rising, suggesting consolidation at higher levels.

Dogecoin, one of the biggest meme coins, has reached an all-time high of 650,000 daily transactions, surpassing Bitcoin and Litecoin. The surge in traffic is due to the increasing trend of piling tokens on top of the blockchain and the growing interest in creating tokens on the Dogecoin network using the DRC20 standard.

Crypto markets are abuzz with the popularity of various tokens on Twitter, including the upcoming Tradecurve (TCRV) token, which is gaining attention among crypto enthusiasts.

The global market cap has decreased by 1.39% in a day of trading, bringing the total cap to $1.13T and causing a correction phase in today's market session. Bitcoin has also experienced a small correction, dropping by 1.6% within a day of trading and facing new resistance at $28K.

Twitter's new CEO, Linda Yaccarino, has shown interest in cryptocurrency by following the official Shiba Inu and Dogecoin accounts on Twitter. This has led to speculation that she may have a specific interest in these meme coins. While awaiting formal statements from Yaccarino, it is important to note that Twitter has registered as a payment business and is working on features to allow users to make payments in fiat to receive virtual coins. However, Twitter's decision to adopt a particular cryptocurrency as a native token will involve various factors, including technical considerations, regulatory compliance, and strategic planning.

Dogecoin (DOGE) was initially created as a joke or meme cryptocurrency, but it has seen significant growth in value, leading to the emergence of competing meme coins. However, DOGE has recently experienced a decrease in value, prompting investors to diversify. One promising option is the Sparklo project, which allows investors to invest in precious metals through non-fungible tokens (NFTs) that can be fractionalized. The SPRK token is currently in its stage two presale and is predicted to see a 1,500% increase in value in the coming months. The platform has been audited and its liquidity will be locked for 100 years to prevent a rug pull.

Recent trends indicate that Dogecoin is surpassing established cryptocurrencies like Bitcoin and Litecoin in terms of transaction volume. The rise in activity is attributed to the increased minting of DRC-20 tokens, which are marketed as a BTC-20 offshoot with comparable features.

An Indian tech billionaire, known for his successful investments, has recently backed HedgeUp (HDUP), a DeFi token, after previously purchasing Dogecoin (DOGE) just before its price skyrocketed. This has led to speculation about whether his recent backing of HedgeUp (HDUP) could be a signal of impending growth for the DeFi token.

Elon Musk has confirmed that Linda Yaccarino will become the new CEO of Twitter in the next six weeks. There are speculations about whether Dogecoin will be integrated into Twitter 2.0, which is expected to be an all-in-one app.

Dogecoin (DOGE) has been a hot topic in the cryptocurrency world this year, thanks to the involvement of high-profile figures like Elon Musk and Mark Cuban. Despite a recent decline, there is a chance that Dogecoin's local bottom has occurred, as it was working to print a hammer candlestick on Friday.

Dogecoin's potential to reach a maximum value of $2.87 by 2032 is predicted by Cryptopolitan. Technical indicators suggest bullish buying activity in Dogecoin in the last few hours, with the MACD showing strong buying momentum and the RSI hovering near 50 in neutral territory. Wallet Investor predicts a decrease in price for Dogecoin, while DigitalCoinPrice's projections are bullish on the currency. Despite recent fluctuations in its value, some experts predict that DOGE may reach $1 by 2025. It is important to carefully consider various factors before investing in Dogecoin, such as fundamental and technical analysis.

According to a recent study by Coingecko, the United States is leading the hype for meme coins in 2023, with Shiba Inu being the most popular coin, followed by Baby Doge Coin, Pepe, Floki, and Bonk. India is in second place, with Shiba Inu also being the most prominent coin, followed by Baby Doge Coin. Nigeria and Morocco are the only African countries featured in the top ten, with Nigeria ranking fifth and showing interest in lesser-known meme coins such as Floki and ArbDoge AI, as well as Dogelon Mars. Meanwhile, Morocco's interest is mainly focused on Dogecoin.

The surge in popularity of digital assets has led to an increase in inquiries about buying Dogecoin on eToro. Despite being initially created as a parody, this altcoin has gained immense interest from both experienced and novice investors. However, it is important to understand how to safely acquire digital assets. In this article, we provide a clear and concise answer to this question, while emphasizing the importance of safety when buying Dogecoin. eToro, a user-friendly social trading and investment platform, is a great option for those looking to buy or sell various financial assets, including cryptocurrencies like Dogecoin.

Speculations have arisen that Linda Yaccarino, a WEF task force chairperson, may be the new CEO of Twitter in the next six weeks. This speculation was triggered by the discovery that Yaccarino is following the official Shiba Inu Twitter account, which has excited the Shiba Inu community. It is also interesting to note that Yaccarino follows the official Dogecoin account, Billy Markus, and two more accounts affiliated with Dogecoin.

Shiba Inu and Dogecoin both experienced drops in value as a result of Elon Musk's announcement that he has found a new CEO for Twitter. Shiba Inu hit a five-month low and Dogecoin neared a multi-month low. The sell-off caused Shiba Inu to approach its weakest point since January, but the oversold territory of the relative strength index suggests a potential reversal. Dogecoin also bounced back after hitting a low of $0.06957, with traders buying the dip and potentially setting a hard floor.

Linda Yaccarino has been named the new CEO of Twitter, with Elon Musk extending his welcome to her. Yaccarino is known to be a supporter of meme coins such as Dogecoin and Shiba Inu, and the crypto community is curious about her stance on Musk's advocacy of Dogecoin. Yaccarino will oversee business operations, while Musk will take on the roles of executive Chair and CTO. Yaccarino is also the Chair of the Advertising Council's Board of Directors and a member of the World Economic Forum's Media, Entertainment, and Culture Industry Governors Steering Committee.

This week's cryptocurrency market update focuses on Ethereum, Ripple, Cardano, Pepe, and Dogecoin. Ethereum has experienced a 7.4% decline, with the key level at $1,800 now acting as resistance. If the key support at $1,660 holds, Ethereum may maintain its macro uptrend. Ripple has lost 8% of its value, with sellers in charge and a likely scenario for the price to fall until the 40 cents support. Cardano has fallen by 7.7%, with the head and shoulders reversal pattern confirmed and a likely target of the support at 34 cents. Pepe has crashed by 37%, with support at $0.0000010 and a high likelihood of crashing by over 90%. Dogecoin has fallen by 10.5%, with a test of the key support level imminent.

Dogecoin (DOGE) has experienced a 1.5% drop in the past 24 hours, with its market cap slipping back to $10 billion. This represents a 10% decrease in the past week and a 13.5% decrease in the past 30 days. Despite this, DOGE's chart is showing signs of improvement, with its relative strength index rising and its 30-day moving average stabilizing. However, traders who are looking for alternative meme tokens may want to consider AiDoge (AI), an AI-powered meme-generating platform that has already raised over $6 million in its presale and is showing good potential. Investors can participate in the presale by visiting AiDoge's official website.

The rise of memecoins, or cryptocurrencies inspired by internet memes, has become a trend in online communities. One of the most popular memecoins is PEPE, a frog-themed token that aims to surpass dog-inspired meme coins like Dogecoin. While PEPE gained popularity quickly and reached a $1 billion market capitalization in just three weeks, its marketcap quickly plummeted to $725 million on May 9.

The creator of the Pepe the Frog meme, Matt Furie, has revealed that he was not aware of the existence of the Pepe (PEPE) cryptocurrency despite its recent surge in popularity. During a Twitter Space discussion about his new non-fungible token (NFT) art collection called Zogs, Furie admitted that he was a Dogecoin (DOGE) maximalist and had only heard of Ethereum (ETH) and Bitcoin (BTC) before. It remains unclear whether Furie will seek compensation from the team behind Pepecoin for the use of his meme. Meanwhile, PEPE has experienced a meteoric rise in value, with its onchain metrics showing impressive growth.