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Dogecoin (DOGE) saw its price jump by over 4% after a recent tweet from Elon Musk referencing a scene from the 1979 film \u201cMonty Python\u2019s Life of Brian\u201d<\/b><\/p>\n
In his post, <\/span>Musk<\/span> humorously depicted the mainstream media as characters from the film, struggling to keep a straight face while reporting on Dogecoin\u2019s status among the top ten cryptocurrencies by market capitalization. The latest nod to Dogecoin spurred a quick, though temporary, increase in its price.<\/span><\/p>\n pic.twitter.com\/wXlbpNU97H<\/p>\n \u2014 Elon Musk (@elonmusk) April 15, 2024<\/p>\n<\/blockquote>\n \u00a0<\/p>\n The Dogecoin daily chart shows a volatile 24-hour trading period, with the price encountering resistance around $0.0165, then dipping to form a support base near $0.0155. After a modest recovery, it failed to break the resistance again, suggesting a consolidating market. Despite fluctuations, DOGE remains among the top ten crypto assets.<\/span><\/p>\n Although the surge was brief, it demonstrated the X CTO\u2019s effect on cryptocurrency markets. Since propelling Dogecoin into the limelight in 2021 with multiple endorsements, Musk has remained a pivotal figure in its market performance.<\/span><\/p>\n The meme coin peaked following his appearance on \u201cSaturday Night Live\u201d but has since adjusted to a lower, yet still robust, market position, <\/span>maintaining<\/span> its rank as the eighth largest cryptocurrency with a market cap of $22.7 billion.<\/span><\/p>\n – Advertisement –<\/span><\/p>\n It bears mentioning that Musk recently <\/span>announced<\/span> that his social media platform, X, would start charging a small fee for posting and liking to curb spam from bots. This has reignited speculation that Dogecoin could be used as a form of payment for these services. However, this has not been confirmed.<\/span><\/p>\n Meanwhile, Shiba Inu ecosystem content marketer Lucie reacted to the post, hinting at the potential of Shiba Inu\u2019s trajectory similar to that of the top 10 cryptocurrencies by market cap.<\/span><\/p>\n $SHIB is soooo close to<\/p>\n \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | SHIB.IO \ud83e\udddc\ud83c\udffc\u200d\u2640\ufe0f (@LucieSHIB) April 15, 2024<\/p>\n<\/blockquote>\n \u00a0<\/p>\n For context, SHIB boasts a market cap of $12.8 billion, as it trades for $0.00002177 at press time. Shiba Inu briefly <\/span>slipped<\/span> into the top 10 list last month when it recorded a massive surge to $0.000045, overtaking Avalanche. However, at last check, SHIB ranks 12th, now below Avalanche.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\n\n
Dogecoin Market Response<\/span><\/h2>\n
Shiba Inu Eyes Top 10<\/span><\/h2>\n
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