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Dogecoin co-founder addresses Musk’s Twitter takeover

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Elon Musk has been making headlines for a variety of reasons. His current interest in taking over Twitter and his fondness for Dogecoin [DOGE] appear to have put him in the spotlight. Musk’s bid for Twitter has sparked a lot of debate. While some people are rooting for Musk to take over Twitter, others are worried about Trump’s possible return. Meanwhile, Jackson Palmer, a co-founder of the DOGE, feels Musk is on the verge of destroying the social media network.

The memecoin co-founder addressed Musk’s Twitter takeover during a recent interview. He continued by saying,

“The second I heard he was going to make a bid, I thought that he intended to destroy Twitter. I think if you look at what’s happening, that’s what’s happening. He was sowing a huge amount of discord and distrust on the platform, and there are huge amounts of churn and attrition from staff.“

Musk’s purchase of Twitter has been beset with problems. Several people are sceptical that the Twitter acquisition will go through due to the repeated delays. Palmer went on to say that Musk might be attempting to destroy all trust or that he’s crazy enough to believe he can construct an alternative.

Dogecoin co-creator’s first interaction with Musk

Palmer recalled his first encounter with Tesla CEO Elon Musk when discussing Musk’s Twitter takeover. Palmer allegedly messaged Musk on Twitter about a code that would instantly detect a cryptocurrency scam on someone’s Twitter account. The bot would then notify the social media giant about the scam. Palmer went on to tell numerous other crypto influencers about it. Musk was also interested in participating.

Elon Musk went on to become one of the most powerful figures in the cryptosphere. As a result, con artists have utilized Musk as the face of their phony “crypto giveaways” time and time again. Palmer’s script appeared to be a good fit for Musk. Musk, however, did not understand coding as well as he claimed, according to the Dogecoin co-founder. Musk reportedly asked the DOGE co-creator about running the Python script.

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Elon Musk

As Palmer continued to criticize Musk, the billionaire showed his support for Dogecoin by adopting it at SpaceX.

Dogecoin co-founder states the obvious yet again

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On his official Twitter account, one of the Dogecoin project’s founders sent a crucial reminder regarding his affiliation to the cryptocurrency in its current incarnation.

Billy Markus stated in his post that he is no longer working on Dogecoin. Despite being one of DOGE’s most prominent ambassadors, he left the meme-currency seven and a half years ago and has no plans to return.

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Source: Twitter

Though some people disagree with his move, his goal is to demonstrate what true decentralization is. Even thoughthe fact that the meme coin’s environment is not the most technically proficient in the market, it is still under continuous development.

“Shibetoshi Nakamoto” has also spoken on the cryptocurrency market’s definition, humorously portraying it as a mix of “hopium,” “fomo,” fear, and other circulating phenomena. He also mentioned that studying human nature in relation to money is fascinating.

Despite his distance from the project’s core, Markus feels that the DOGE ecosystem benefits from the speculation that surrounds it. He also stated that the meme token team’s primary focus in the present and future should be on utility.

Markus has often told his subscribers that he is unconcerned about the price of Dogecoin. The community’s anger stems from the fact that DOGE has lost more than 85% of its value since its all-time high.

Dogecoin’s new plan to go bullish

Dogecoin, the first memecoin to hit the cryptocurrency market, offers a tip for intraday traders in the form of a symmetrical triangular formation, which might propel DOGE higher if it plays out in favour of bulls.

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Source: trading view official website

A symmetrical triangle is considered a bullish pattern by traders since it usually leads in an upward breakout. However, traders should not overlook the likelihood of a bearish situation in which an asset violates the pattern’s lower border and accelerates downhill.

However, DOGE is more actively probing the formation’s lower border, implying a short-term decline rather than an upward rally. At the time of writing, Dogecoin (DOGE) was priced at $0.08714 with a surprising daily rise of 2.59% according to data from Coin Market Cap.

Is Shiba Inu the new goose laying golden eggs?

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Shiba Inu, the meme coin, grew in popularity and value swiftly as a community of investors were pulled in by the coin’s charming attractiveness combined with headlines and tweets from celebrities such as Elon Musk and Vitalik Buterin. The altcoin’s fame spawned a flood of imitators.

Along with witnessing multi-fold excellence in the cryptocurrency sector, the Dogecoin-killer has also been used, quite often, to attract more crypto enthusiasts to boost one’s own business.However, this isn’t a novel concept. CoinJar is only the most recent company to do so. After all, Shiba Inu [SHIB] has been threatening to supplant Dogecoin [DOGE] as the world’s most popular memecoin for the past year or so. SHIB has been used to boost social and trading volumes as an altcoin that prides itself on being community-centric.

CoinJar, one of Australia’s most established cryptocurrency exchanges, has announced the beginning of a Shiba Inu-themed promotional campaign. This will be part of the company’s 9th anniversary celebrations. CoinJar will become the next company to harness and promote its own fame by using the socially popular memecoin.

Let the Shiba Inu promotions begin!

Anyone who trades on the app between May 5 and 8 will have a chance to win up to 99,999,999 SHIB, according to the exchange. While the prize money appeared to be just over $2,000 at the time of publication, the exchange appears to be banking on the cryptocurrency’s social popularity to drive trading on its platform.

It’s worth noting that attempts have been made to help SHIB become a more respectable coin. The network, for example, just completed its SHIB: The Metaverse land sales last week. It all started with the SHIB Burn Portal’s operations. Over 20 billion SHIB have been burned out of circulation in the last week alone.

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SHIB: The Metaverse

Despite its social popularity and tendency to win trending wars, SHIB’s price action has been disappointing. In fact, many analysts believe the meme coin has a long way to go before it even approaches $1. These predictions are bolstered by the fact that over 70K SHIB holders have left the market in the last month alone.

Shiba Inu payments acknowledged by Swiss-based MNC

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Fidinam Group, a multinational company based in Switzerland, is now taking Shiba Inu as a payment mechanism, according to @ShibaXanders, an admin of the Shiba Inu Venezuela community.

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Fidinam is said to have operations in Germany, Austria, Belgium, the United Kingdom, the United States, and Spain. Porsche Towson, Baltimore’s only private Porsche facility, has collaborated with cryptocurrency payment processor BitPay to accept digital assets, including SHIB token, according to a recent release.

BitPay started accepting the SHIB cryptocurrency in late 2021, allowing SHIB to be used at hundreds of BitPay merchants that accept the meme coin. SlingTV, the American Cancer Society, Newegg, Menufy, the Carolina Hurricanes, and Twitch are just a few of the prominent firms that currently accept SHIB via BitPay.

Endeavors of Shiba Inu

The SHIB trifecta, leash, and bone make their debut on SimpleHold, a lightweight wallet for Bitcoin, Ethereum, and a variety of other digital assets, letting users store and transfer leash and bone.

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In light of recent events, the Parex decentralised exchange announced on its Twitter account that it will start trading Shiba Inu on April 20, 2022. On April 20, the Parex exchange announced that it will begin accepting Shiba Inu deposits and trading on its platform. The meme token will be paired with USDT.

The platform differs from past exchanges in that it includes a PRX token that can be mined and is based on the Proof-of-Interoperability protocol. The latter allows PRX to link to a variety of different blockchains, including Ethereum, Polygon, Polkadot, and others.

Furthermore, the Dogecoin-killer was listed on VALR, a South African digital market, earlier this month. Aside from that, after a lengthy wait, the canine token SHIB was officially listed on the Robinhood trading app. The meme cryptocurrency Shiba Inu was listed by commission-free investment site Robinhood, according to a listing bot. The meme coin has already surfaced on the official website, even thoughthe fact that the firm has yet to properly introduce a new addition to its line-up.

Following the long-awaited listing by the famous Robinhood investment app earlier this month, SHIB has started gaining pace. For almost a week, SHIB has been the largest token by USD value among the top 100 ETH whales, and it has also been in the top ten most acquired coins. At the time of writing, Shiba Inu (SHIB) was priced at $0.00002496 and had plunged by 0.94% over the last 24 hours.

Shiba Inu gaits into Parex Exchange in a few hours

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The Parex decentralized exchange took to its Twitter handle to announce that it will begin trading Shiba Inu starting on 20 April 2022. Parex exchange stated two days ago that it will begin accepting Shiba Inu deposits and trading on its platform on April 20. USDT will be coupled with the meme token.

Earlier this month, it was revealed that the SHIB coin had been introduced to several other exchanges around the world. Parex, on the other hand, is a decentralized cryptocurrency exchange that helps make a unique debut for the meme coin. Decentralized platforms enable transactions to take place securely utilising peer-to-peer technology without the need for a third party to act as an intermediary.

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According to Bloomberg, the launch of Parex was announced on March 23. The DRC-16 protocol was used to launch it on the myDexChain network.

The platform is distinct from previous exchanges since it includes a mineable PRX token that operates on the Proof-of-Interoperability protocol. The latter allows PRX to connect to other blockchains such as Ethereum, Polygon, Polkadot, and many more. 

Robinhood joins forces with Shiba Inu through listing

VALR, a South African digital exchange, listed the Dogecoin-killer earlier this month. Aside from that, the canine token SHIB was finally listed on the Robinhood trading app, which had been a long time coming.

According to a listing bot, the meme cryptocurrency Shiba Inu had been listed by commission-free investment platform Robinhood. Even though the corporation has yet to formally unveil a new addition to its line-up, the meme coin has now appeared on the official website.

On April 12, Robinhood welcomed Shiba Inu, as well as three more prominent altcoins: Polygon’s MATIC, Compound (COMP), and Solana (SOL) (SOL).

In early 2018, Robinhood added functionality for cryptocurrency trading, initially for Bitcoin and Ethereum. In the same year, it added Litecoin, Ethereum Classic, Bitcoin Cash, and Dogecoin to the mix. Despite the fact that the crypto industry has grown by leaps and bounds since 2018, the firm has resisted adding new coins to its platform until now.

At the time of writing, Shiba Inu (SHIB) was trading at $0.00002531 and seemed bullish with an increase of 0.35% in the last 24 hours.

Shiba Inu Listed: Robinhood Made Crypto Twitter Go Woof!

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Shiba Inu, after a long wait, has finally manifested in Robinhood’s trading list including four new cryptocurrencies on its platform. Besides the meme coin, the other assets listed are Solana’s SOL, Polygon’s MATIC, and Compound’s COMP.

Following the update, the prices of all the listed tokens surge. At press time, shares of Robinhood were up 5% since the announcement. SHIB’s price too spiked 20% on Tuesday, before falling by 11% and is currently trading at $0.00002696 as per Coinmarketcap. Other cryptocurrencies, including Bitcoin and Solana, also advanced. 

The news was received with a lot of fervor as Shiba Inu proponents rallied behind the asset to be listed on the platform, even went to initiate a change petition, gathering as many as 550,000 signatories in favor of the move. 

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The U.S.-based commission-free trading platform, at the time, said it was carefully considering all aspects such as customer demand, its listing committee deliberates factors including on-chain analysis, and security, as well as legal and financial variables, among others, before adding the new coins to its offerings.

With regards to today’s addition, Steve Quirk, chief brokerage officer at Robinhood, said in a blog post.

We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto. As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.

Robinhood already offered seven cryptocurrencies including Bitcoin [BTC], ether [ETH], and dogecoin [DOGE].

Investors hodling Shiba Inu – buying the dip

The Shiba Inu ecosystem has been teeming with a lot of positive developments. All the events that culminated in Shiba Inu’s massive intraday rally also include a period of strong accumulation, data from IntoTheBlock shows.

The meme coins have recently topped the ETH whales holdings list. Whalestats data revealed that the overall amount of SHIB owned by the top 1,000 ETH wallets is worth a whopping $1,459,250,776.

The analytics platform noted the address holding SHIB for more than a year increased its balance in the last 30 days. As a result, these “hodlers” now have control over 2.82% of the net SHIB supply in circulation.

Shibarium testnet draws closer; Can it propel SHIB to a new ATH?

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Shibarium, a Layer 2 scaling solution for the Shiba Inu is heading closer to launching its public beta version. This was revealed in a Twitter update by Milkshake from a recent Medium blog post, Unification Foundation, a team working on the layer2 project.

The article revealed that a public testnet of Shibarium is slated to go live within the next few months with a public beta to follow shortly thereafter.

According to the post, the Alpha TestNet version for Shibarium is currently underway which will be used for network testing and the development of all end-user engagement tools such as wallets and block explorers, token transfer bridges, etc.

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There will be some private invitations sent out to trusted testers after these have been prepared and implemented. The feedback will be used to improve and expand the network and tools before releasing a public Beta TestNet. Further the blog read,

“In continuing the foundational work to support open source projects with large utility, the Unification team continues to play a strong role in the development of the Shibarium network. Shibarium which will be the premium L2 for the Shib token community, & in partnership with the Shib Army, enabling rapid low-cost transactions optimized for gaming.”

Can Shibarium be the gamechanger for Shiba Inu?

As Shiba Inu is an ERC-20 token, the asset is plagued with high gas fees rendering it unaffordable for many newbies. With the introduction of the scaling solution Shibarium, many in the community expect it to be a gamechanger for the popular meme coin use cases.

Besides that developers are also working on an algorithmic stablecoin called SHI that will operate on both Ethereum and Shibarium. Not content with just being a meme coin, Shiba Inu has announced its plans to develop its own virtual space and world, “Shib: The Metaverse”.

Even though SHIB’s price remained flat, Whales continue to buy the dip, as data from WhaleStats revealed that SHIB blasted its way to be one of the largest holdings among the top ETH whales. This position had previously been occupied by FTT [FTX Token] for a while now.

Meanwhile, the Shibarmy is also helping the asset to grow by burning massive amounts of the coin. As per statistics by shibburn, 1.4 billion SHIB has been burned in the 24 hours. All these developments would initiate a leg up in the token’s price action.

Dogecoin and SHIB go live on AMC theatres

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It comes as a surprise to moviegoers and crypto enthusiasts that Dogecoin (DOGE) and Shiba Inu (SHIB) are being accepted for online payments at AMC theatres. This development comes a week earlier than its audience expected. Adam Aron, CEO of AMC Entertainment Holdings Inc. took to his Twitter handle, on 10 March 2022, to make the announcement. He further acknowledged BitPay, the payment gateway institution, for helping the two meme coins to be accepted.

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As reported by TWJ earlier in the week, AMC was intended to introduce functionality for the two altcoins on 19 March 2022. This support was to be added to its website and mobile application, but it comes as a surprise to everyone a week earlier than expected.

The movie theater business conducted Twitter polls to determine if it should proceed with the Dogecoin and Shiba Inu combination. Based on the clear majority of answers from the communities, Dogecoin and Shiba Inu, that were rooting for facilitating payments through the two coins, Adam Aron affirmed that his company had begun working on enabling the functionality of the altcoins.

The theater company had already been allowing its customers to pay for tickets and concessions through Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), since November of 2021.

Dogecoin remains untethered despite AMC’s latest inclusion

The price of the crypto assets seemed to be not affected despite being listed on various platforms. The crypto market has been bearish over the past few days. It also seems like Dogecoin (DOGE) is following the market sentiment even with its latest inclusion in AMC’s payment mode. Furthermore, DOGE has been bearing a drop of 8.91% over the past week. During the time of writing, the meme coin was trading for $0.1166 with no major changes over the last 24-hours. The market cap of the asset was at $15.48 billion. This aided in the coin’s climb up the crypto ladder.

Binance offers $100,000 in SHIB tokens

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Binance, an eminent cryptocurrency exchange, has now turned to Shiba Inu (SHIB) to market its wallet. The platform touts itself as the easiest way to purchase, sell, trade, and hold SHIB.

Shiba Inu coin (SHIB) is a meme-based cryptocurrency that is named after the Shiba Inu dog breed. It was launched in 2020 as part of a collection of dog-themed cryptocurrencies by an anonymous developer named Ryoshi. It’s also known as “the doge-killer” because it’s a competitor to Elon Musk’s favorite meme coin, Dogecoin (DOGE). It’s meant to be an Ethereum-compatible counterpart to DOGE.

SHIB is an ERC-20 coin that is in the process of converting to a Proof of Stake settlement mechanism. ShibaSwap, a decentralised exchange, is at the heart of the SHIB ecosystem. It also funds an NFT art incubator, which invites dog-inspired artists from all around the world to enter the NFT market with their Shiba Inus.

The meme-coin began with a one-quadrillion-circulation supply, with its founder Ryoshi locking 50% of the token in Uniswap’s decentralised exchange to provide liquidity. Furthermore, the remaining 50% of the currency was transmitted to Ethereum co-founder Vitalik Buterin’s wallet, where the majority of it was burnt. The Shiba Inu cryptocurrency is traded on Binance under the symbol SHIB.

Binance rewards its users through different promotions

With SHIB, the exchange has introduced two promotional programs.

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Binance on Twitter

The first offer, dubbed “Promotion A” on Binance’s website, states that all new customers who enroll with Binance through their referral link will receive a share of $80,000 in Shiba Inu tokens between March 8th and March 21st, 11:59 PM (UTC).

The second promotion, titled “Promotion B,” requires participants to complete tasks to win SHIB vouchers. Users who register by clicking the [Register Now] button on the event page and trade at least 1,000 USDT equal across all applicable SHIB spot trading pairs will be qualified to win a share of the $20,000 prize money in SHIB token vouchers. However, the reward for Promotion B would be calculated accordingly;

The reward for each qualified user = (Each user’s total effective trading volume / All qualified users’ total effective trading volume) * $20,000 in SHIB token vouchers

Furthermore, the website stated a few terms and conditions to the give away. It stated that only users who finish KYC by the end of the activity session and press the [register now] button on this web page are eligible to win.

The Welcome Reward under Promotion A will be given immediately upon completing the registration. Tokens earned through Promotion A are the only ones that can be traded. It further added that within two weeks following the promotion’s completion, Promo B incentives will be distributed. At the time of writing, Shiba Inu (SHIB) was priced at $0.0000232 with a rise of 0.68% over the last 24 hours.

Floki Inu available to millions through CoinDCX listing

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Floki Inu has been added to CoinDCX Pro, yet another Indian cryptocurrency exchange platform. CoinDCX had declared that the altcoin would be listed at 8.30 p.m. on 2 March 2022.

Floki Inu (FLOKI) is a meme coin that is dog-themed. This altcoin calls itself “a movement” rather than a meme coin. This cryptocurrency was created by Shiba Inu (SHIB) fans and the SHIB community members. Elon Musk’s Shiba Inu inspired the coin’s form.

Floki Inu and Indian Soccer club, Kerala Blasters FC, partnership

Not very long ago, FLOKI had announced its partnership with the Indian football club. On 19 November 2022, the meme coin took to its Twitter handle to announce its collaboration with Kerala Blasters FC, one of the top football clubs in India, as a sleeve sponsorship deal.

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Kerala Blasters are one of the best teams in the category, having won second place in two championships. In the then-new Indian Super League season, the meme coin’s logo and website were to be displayed on Kerala Blasters’ kit sleeves.

The ISL, which began in 2013, is India’s elite soccer league, with 11 teams competing in the 2021-2022 season. With over 130 million global fans, the league is the fifth most renowned in the world.

The agreement, which took effect immediately, also included Floki Inu’s logo being displayed on LED screens during home games at the team’s 41k accommodation stadium.

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Kerala Blaster’s new kit with FLOKI as sponsor

The goal of the collaboration for meme coin was to help crypto become ubiquitous in India and get access to the large market there. Due to the soccer league’s global popularity, Floki Inu has also garnered more global recognition with the sponsorship.

However, this wasn’t the first time a sports team has teamed up with a cryptocurrency company. For a long time, crypto-related businesses have been establishing sponsorship agreements with teams from all over the world.

Sports appeal to a wide range of audiences, thus crypto organizations find them to be an excellent way to sell to a large audience. Elon Musk’s favorite crypto, Dogecoin, also signed a kit agreement with English Premier League club Watford FC earlier in 2021. At the time of writing, Floki Inu was priced at $0.00003614 with a daily plunge of 8.9%.