After Elon Musk took over Twitter, the Dogecoin experienced a great bull run. However, since plans for the development of a crypto wallet have been put on hold, the asset has been fell 8% the last 24 hours. Let’s try to understand together what happened.
The great bullrun after the Twitter takeover
The CEO of SpaceX has always had a favorite crypto: Dogecoin. Every time Elon Musk tweets about it, it pumps the price up for a few hours or even days. His was This encryption has significant impact and continues to invest to develop it.
Thus, he enabled his various venturesaccept the digital asset as payment. So it is possible to pay in Dogecoin at Tesla, SpaceX or The Boring Company, giving increased utility to this same coin. However, with the recent acquisition of Twitter, many rumors suggest that the Dogecoin could be integrated with Twitter.
If that happened, the same coin would go from being a crypto with little use to being a high-profile asset that many other people would find out about. In addition, users of the blue bird will be able to purchase various services on the platform.
Because of this, after Musk’s acquisition of Twitter, Dogecoin naturally took off pump. The experience asset almost 50% increase at the main time! It is then necessary to be attentive to the messages of the whimsical billionaire in the future to find out about the next pumps of the Dogecoin.
Chart of Dogecoin Decline Rise After Twitter Takeover
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Dump after the pump
The hype on Dogecoin only lasted a few days since the asset a 8% reduction. the last 24 hours.
New rumors have surfaced that Twitter has been put on hiatus development plans under wallet of cryptocurrencies. This wallet was supposed to support Dogecoin on the bluebird platform. The news platform Platformer revealed this information.
This notification was immediately detected on the digital asset since a sometimes down to 10%.
Dogecoin price in the last 24 hours
However, this is not the only announcement that has fallen into the same corner. In fact, the new CEO Twitter account more than 3,700 employees out of office today (November 4). Out, the is an illegal act in the state of California so the company is being sued for mass copying.
In the United States, the Federal Worker Adjustment and Retraining Notification Act a ban on large companies making mass layoffs without at least 60 days’ notice.
The lawsuit asks the court to issue an order requiring Twitter to comply with the Worker Adjustment and Retraining Notification Act and prohibiting the company from asking its employees to sign documents that could take away their right to participate in dispute.
“We filed this complaint tonight to ensure that employees are aware that they should not waive their rights and that they have a way to enforce their rights.“said Shannon Liss-Riordan, the lawyer who filed the complaint on Thursday, during an interview.
Which crypts for the next pump?
Three new cryptocurrency presales we recently reviewed that could be a good return on investment for “altcoin season”. Therefore, we chose 3 very promising cryptos that could pump because of their uniqueness and originality. So, we noticed the potential of Dash 2 Trade (D2T), Calvaria (RIA) and IMPT (IMPT).
The Dash 2 Trade pre-sale is fast approaching $5 million raised after confirming its first CEX listing, on the LBank exchange. Dash 2 Trade provides crypto trading tips, predictions, and social analytics to help traders make informed decisions. The community already includes more than 70,000 experienced traders.
Calvary pre-sales are also approaching the $1.5 million mark. It is a Play 2 Earn card game where you can fight enemies while earning rewards.
Meanwhile IMPT exceeded 12 million dollars. The ecological project consists of buying carbon credits through the purchase of products. Big brands like Amazon and Lego joined the project. NFTs can be earned and support ecological and sustainable projects.
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