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Twitter CEO Elon Musk put the Dogecoin price on a short rally of 5.7% a few hours ago as he once again expressed his love for the meme coin.

Tesla CEO Elon Musk sent Dogecoin (DOGE) price on a sudden jump of over 5% in just a few hours on Monday. Dogecoin fan Elon Musk was able to influence the DOGE price with just a one-word tweet saying he was talking about Dogecoin with Fox News chief Rupert Murdoch at the Super Bowl football The post Elon Musk Sends Dogecoin Price On A Sudden 5% Rally, Here's How appeared first on CoinGape.

Dogecoin (CRYPTO: DOGE) spiked 4% at 11:53 p.m. EST after Elon Musk sarcastically said it was the subject of his conversation with the Murdochs at the Super Bowl VIP box.

Major coins traded in the red late on Sunday as the global cryptocurrency market cap fell 0.9% to $1 trillion.

Cryptocurrency markets so far this year have seen a significant uptrend, which many have considered a reward for surviving the aftermath of the collapse of Terra-Luna in May 2022 and the significant losses caused by the unexpected fallout of cryptocurrency exchange FTX in November 2022.

Dogecoin price analysis for February 12, 2023, shows the meme cryptocurrency following an increasing movement for the last 48 hours. The price rose from $0.0799 to $0.0828 on February 11, 2023.

Mark Yusko, the Founder, CEO and Chief Investment Officer of SEC-registered investment advisor Morgan Creek Capital Management, LLC, shared his thoughts on $DOGE and $SHIB in a recent interview.

  Amid the new year recovery in the crypto market, the Dogecoin price shows the formation of a rising channel pattern. This pattern consists of two ascending trendlines directing which is sustained currently in an asset.

Dogecoin's acceptance on the cryptocurrency market has increased in recent months, and its value has reached new heights. At the time of writing, DOGE is trading at $$0.0843, down nearly 12% in the last seven days.

In a recent interview with Blockworks, hedge fund veteran and well-known investor Mark Yusko criticized the rise of meme cryptocurrencies such as Dogecoin and Shiba Inu, saying that they are driven by speculation and excitement and lack any real value or utility.

Crypto whales are moving hundreds of millions of dollars worth of Ethereum (ETH) and Dogecoin (DOGE) as the digital asset markets continue to correct. Blockchain-tracking service Whale Alert reports that deep-pocketed Ethereum holders relocated 323,430 ETH worth $488.67 million in the past day from unknown wallets to popular US-based crypto exchange Coinbase.

Retail trading giant Robinhood now holds more than $2.8 billion worth of Dogecoin (DOGE) for its customers, according to Dogecoin Whale Alert. The DOGE-transaction tracker reports that the trove in Robinhood's custody now represents 25.17% of Dogecoin's circulating supply.

Dogecoin has finally made it to the moon after being used as payment for a space mission at SpaceX.  Is Dogecoin preparing to be some of the first crypto to be used as payment on Twitter?

Dogecoin is the highest-capitalized meme cryptocurrency in the market. As of Saturday noon, DOGE had fallen by nearly 13.76% over the preceding seven days while it has gained 3.74% in a month.

RenQ Finance (RENQ) is an extremely bullish DeFi Project that is in its Presale Stage.

Dogecoin News: Dogecoin (DOGE), Elon Musk's favorite meme coin, hasn't registered much movement over the past 7 days, signaling bearish sentiments from DOGE observers. But it looks like major crypto whales are not affected by the recent price fall since WhaleAlert reported the market moves in a series of tweets.

Dogecoin (DOGE) price, rejected at the high of $0.10, is currently in the downtrend zone.

Major tracker of large crypto transactions Whale Alert has spotted three consecutive transfers which moved 400 million Dogecoin each. In total, 1,200,000,000 Dogecoin was transferred between wallets that the above-mentioned tracker marked as "unknown.

When will Twitter adopt Dogecoin, and will the price return to $1? Can Dogecoin Reach $1?

Dogecoin's (DOGE) price looked better than most altcoins, despite a sell-off. However, its minor pullback could give sidelined buyers a chance to not only save the meme coin from collapsing but also trigger a huge uptrend.

Shiba Inu, Dogecoin Price Prediction:  the majority of major cryptocurrencies witnessed panic selling in February's second week as US Sec accused crypto exchanged kraken for offering unregistered securities. However, this sudden downfall could offer discount opportunities with several crypto coins, which offer good returns as market sentiment eases.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were sliding slightly during Friday's 24-hour trading session, in tandem with the general market, which saw the S&P 500 struggling to hold near to Thursday's closing price. Dogecoin (CRYPTO: DOGE) was showing relative strength, popping up slightly in an attempt to regain the 50-day simple moving average (SMA) as support.

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

Over $34 million worth of Dogecoin moved from top wallets to unknown wallet addresses on the network.  Doge is yet to meet bullish market expectations, prices decline by over 7% in the last 7 days.