Dogecoin Slumps Minkejja Starlink-DOGE Tease ta' Elon Musk

Azeez Mustapha

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Tech billionaire Elon Musk has indicated that his satellite internet provider company, Starlink, could start accepting Dogecoin (DOGE) fuq Twitter.

The SpaceX CEO alluded to the payment system after responding to a question on Twitter about the possibility of Starlink accepting DOGE with a winking face emoji yesterday.

Starlink adopted the mandate of providing high-speed broadband internet to users irrespective of where they might be on the planet. The company now boasts of over 2,000 functional satellites in orbit after carrying out several launches in the past few years. The satellite internet service costs $99 per month and $499 for the hardware kit.

Meanwhile, Starlink operator SpaceX also plans to start receiving Dogecoin as payments. Last year, the company announced that it had accepted DOGE for a moon mission dubbed DOGE-1, which should launch in the first quarter of 2022.

Also, electric vehicle manufacturer Tesla recently allowed for the purchase of some of its merchandise with DOGE, which pushed the meme coin to significant highs following its initial announcement in December.

Elon Musk and his companies continue to maintain strong support for the meme coin and the crypto industry at large. In January, Musk teased fast-food chain McDonald’s to accept Dogecoin in exchange for a free promotion by the popular billionaire. However, the restaurant company laughed off the request, which attracted some criticism from the DOGE community.

Livelli Ewlenin ta' Dogecoin li għandek Tara - 14 ta' Frar

Despite the recent Starlink-DOGE headlines, the meme coin continues to trade without any meaningful price trajectory, as the price nears $0.1400 on Monday.

DOGEUSD - Ċart ta 'Kuljum fuq Bittrex. Sors: TradingView

DOGE failed on two attempts to post a daily candle close above the $0.1650 resistance last week, which triggered a sustained correction towards the $0.1400 support last week. On the broader range, the meme coin appears to be restricted in a range between $0.1650 and $0.1400, as bearish sentiments surface mildly across the market. That said, another slump to the $0.1400 support should force DOGE towards the $0.1200 again, where it should begin the struggle of building momentum again.

Sadanittant, il-livelli ta 'reżistenza tiegħi huma $ 0.1650, $ 0.1800, u $ 0.1900, u l-livelli ta' appoġġ tiegħi huma $ 0.1400, $ 0.1300, u $ 0.1200.

Kapitalizzazzjoni tas-Suq Totali: $ 1.87 triljun

Kapitalizzazzjoni tas-Suq Dogecoin: $ 19.1 biljun

Dominanza Dogecoin: 1.02%

Grad tas-Suq: #10

 

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Azeez Mustapha

Azeez Mustapha huwa professjonist tal-kummerċ, analista tal-munita, strateġista tas-sinjali, u maniġer tal-fondi b'aktar minn għaxar snin ta 'esperjenza fil-qasam finanzjarju. Bħala blogger u awtur tal-finanzi, huwa jgħin lill-investituri jifhmu kunċetti finanzjarji kumplessi, itejbu l-ħiliet ta ’investiment tagħhom, u jitgħallmu kif jamministraw flushom.

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